Elkind Lai Family Foundation in Greenwich, Connecticut (CT)
Table of contents:
- Overview
- Detailed Reports
- Analysis of Revenue and Expenses
- Balance Sheets
- Capital Gains and Losses for Tax on Investment Income
- Excise Tax Based on Investment Income
- Statements Regarding Activities
- Statements Regarding Activities for Which Form 4720 May Be Required
- Minimum Investment Return
- Distributable Amount
- Undistributed Income
- Private Operating Foundations
- Organizations performing similar types of work
| Elkind Lai Family Foundation | |
| Employer Identification Number (EIN) | 204753190 |
| Name of Organization | Elkind Lai Family Foundation |
| In Care of Name | Christine W Lai |
| Address | 58 Close Rd, Greenwich, CT 06831-2722 |
| Subsection | Charitable Organization |
| Ruling Date | 07/2006 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2011 |
| Assets | $100,000 to $499,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Not required to file (all other) (990-PF required) |
| Asset Amount | $113,490 |
| Amount of Income | $27,478 |
| Form 990 Revenue Amount | $2,323 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Private Independent Foundations |
Non-representatives - add comments:
Amount of income in 2011: $27,478 (it was $80,798 in 2010)
| This organization: | $27,478 |
| Other organizations performing similar types of work: | $103,138 |
Assets in 2011: $113,490 (it was $130,599 in 2010)
| This organization: | $113,490 |
| Other organizations performing similar types of work: | $338,623 |
Expenses in 2011: $49,901
| This organization: | $49,901 |
| Other organizations performing similar types of work: | $46,867 |
Income to expenses ratio in 2011: 0.6
| Elkind Lai Family Foundation: | 0.6 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2011: 0.0%
| This organization: | 0.0% |
| Other organizations performing similar types of work: | 79.6% |
Revenue for 2011
Expenses for 2011
Assets for 2011
| Analysis of Revenue and Expenses (for 2011) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
|---|---|---|---|---|
| Total revenue | $2,323 | $725 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $1 | |||
| Dividends and interest from securities | $724 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $2,950 | |||
| Total expenses and disbursements | $49,901 | $1 | $0 | $49,882 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $2,494 | $1 | $2,475 | |
| Contributions, gifts, grants paid | $47,407 | |||
| Excess of revenue over expenses and disbursements | $-47,578 | |||
| Net investment income | $724 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2011) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $113,490 | $91,341 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $107,349 | |
| Other | $6,141 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $113,490 | |
| Capital Gains and Losses for Tax on Investment Income (for 2011) | |
| Capital gain net income | $0 |
| Net capital loss | $-1,352 |
| Excise Tax Based on Investment Income (for 2011) | |
| Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income) | No |
| Tax based on investment income | $7 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $7 |
| Amount to be credited to 2012 estimated tax | $0 |
| Statements Regarding Activities (for 2011) | |
| During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign? | No |
| Was there a liquidation, termination, dissolution, or substantial contraction during the year? | No |
| Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar year 2011 or the taxable year beginning in 2011? | No |
| Statements Regarding Activities for Which Form 4720 May Be Required (for 2011) | |
| During the year did the foundation (either directly or indirectly): | |
| Engage in the sale or exchange, or leasing of property with a disqualified person? | No |
| Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person? | No |
| Furnish goods, services, or facilities to (or accept them from) a disqualified person? | No |
| Pay compensation to, or pay or reimburse the expenses of, a disqualified person? | No |
| Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)? | No |
| Agree to pay money or property to a government official? | No |
| At the end of tax year 2011, did the foundation have any undistributed income for tax year(s) beginning before 2011? | No |
| Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year? | No |
| Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes? | No |
| During the year did the foundation pay or incur any amount to: | |
| Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? | No |
| Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive? | No |
| Provide a grant to an individual for travel, study, or other similar purposes? | No |
| Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)? | No |
| Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals? | No |
| Minimum Investment Return (for 2011) | |
| Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $118,592 |
| Net value of noncharitable-use assets | $116,820 |
| Minimum investment return | $5,841 |
| Distributable Amount (for 2011) | |
| Distributable amount | $5,834 |
| Undistributed Income (for 2011) | |
| Distributable amount for 2011 | $5,834 |
| Undistributed income for 2011. This amount must be distributed in 2012 | $0 |
| Private Operating Foundations (for 2011) | |||||
| 2011 | 2010 | 2009 | 2008 | Total | |
|---|---|---|---|---|---|
| The lesser of the adjusted net income or the minimum investment return | $0 | $0 | $0 | $0 | $0 |
| Qualifying distributions made directly for active conduct of exempt activities | $0 | $0 | $0 | $0 | $0 |
| Value of all assets | $0 | $0 | $0 | $0 | $0 |
| Value of assets qualifying under section 4942(j)(3)(B)(i) | $0 | $0 | $0 | $0 | $0 |
| 2/3 of minimum investment return | $0 | $0 | $0 | $0 | $0 |
| Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) | $0 | $0 | $0 | $0 | $0 |
| Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii) | $0 | $0 | $0 | $0 | $0 |
| Gross investment income | $0 | $0 | $0 | $0 | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Steven A And Alexandra M Cohen Foundation Inc | PO BOX 142, Greenwich, CT 06836-0142 | CT | 2001-10 | $276,350,188 |
| 2 | Seedlings Foundation | 984 Main St, Branford, CT 06405-3730 | CT | 2002-07 | $39,447,906 |
| 3 | Wright Foundation Inc | 4 Greenwich Office Park, Greenwich, CT 06831-5153 | CT | 2001-06 | $14,203,335 |
| 4 | Werth Family Foundation Inc | 85 Rimmon Rd, Woodbridge, CT 06525-2003 | CT | 2002-12 | $11,335,303 |
| 5 | The Zac Foundation For Childrens Safety | Co Foundation Source, Fairfield, CT 06824 | CT | 2009-06 | $11,161,280 |
| 6 | Sbm Charitable Foundation Inc | 935 Main Street Lev C Ste B101, Manchester, CT 06040 | CT | 2001-06 | $9,723,663 |
| 7 | Zide Family Foundation | 77 Havemeyer Ln Unit 417, Stamford, CT 06902-2177 | CT | 2013-11 | $6,572,266 |
| 8 | Hackett Family Fund | 112 Pear Tree Point Rd, Darien, CT 06820-5818 | CT | 2014-10 | $5,807,720 |
| 9 | Nancy E Barton Foundation, Edward F Rodenbach Ttee | PO BOX 2505, Greenwich, CT 06836-2505 | CT | 2012-04 | $5,357,909 |
| 10 | Selander Foundation | 15 E Putnam Ave Ste 244, Greenwich, CT 06830-5424 | CT | 2005-03 | $4,873,746 |
| 11 | Tauck Family Foundation Inc | PO BOX 5020, Norwalk, CT 06856-5020 | CT | 2009-10 | $4,805,923 |
| 12 | The Betsy And Jesse Fink Foundation, Fink Jesse Et Al Ttee | 20 Marshall St Ste 300, Norwalk, CT 06854-2281 | CT | 2001-02 | $4,732,662 |
| 13 | Tricoastal Foundation | PO BOX 311, Monroe, CT 06468-0311 | CT | 2011-08 | $4,565,700 |
| 14 | Yvette & Arthur Eder Charitable Foundation Trust, Bershtein Raymond Ttee | 105 Court St 3rd Floor, New Haven, CT 06511-6957 | CT | 2002-05 | $2,963,008 |
| 15 | William J And Frances E Deutsch Charitable Foundation | 113 Round Hill Rd, Greenwich, CT 06831-3722 | CT | 2004-07 | $2,834,034 |
| 16 | Shoemate Foundation 10-29-01, Shoemate Charles R Ttee | PO BOX 271820, W Hartford, CT 06127-1820 | CT | 2003-01 | $2,231,585 |
| 17 | Wadsworth Family Foundation | 879 Church St-Rt 68, Wallingford, CT 06492 | CT | 2005-03 | $2,221,242 |
| 18 | The Per And Astrid Heidenreich Family Foundation | 1010 Washington Blvd 9th Floor, Stamford, CT 06901-2202 | CT | 2005-03 | $2,127,108 |
| 19 | Sca Charitable Foundation Inc | 326 Round Hill Rd, Greenwich, CT 06831-3343 | CT | 2009-07 | $2,123,078 |
| 20 | Swordspoint Foundation Inc | 107 Cherry St Fl 2, New Canaan, CT 06840-5521 | CT | 2007-12 | $2,032,278 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 20,448 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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