Nihla And Bob Lapidus Foundation Inc in Middletown, 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
- Other organizations in Connecticut
| Nihla And Bob Lapidus Foundation Inc | |
| Employer Identification Number (EIN) | 061454867 |
| Name of Organization | Nihla And Bob Lapidus Foundation Inc |
| In Care of Name | Rober Lapidus |
| Address | 236 Maple Shade Rd, Middletown, CT 06457-5161 |
| Activities | Scholarships (other) |
| Subsection | Charitable Organization |
| Ruling Date | 10/1996 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $500,000 to $999,999 |
| Income | $500,000 to $999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $974,297 |
| Amount of Income | $719,973 |
| Form 990 Revenue Amount | $20,025 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Education (Not Elsewhere Classified) |
Non-representatives - add comments:
Revenue for 2012
Expenses for 2012
Assets for 2012
| Analysis of Revenue and Expenses (for 2012) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
|---|---|---|---|---|
| Total revenue | $39,688 | $39,688 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $24,188 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $15,500 | |||
| Total expenses and disbursements | $47,902 | $4,568 | $0 | $43,334 |
| Compensation of officers, directors, trustees, etc. | $4,500 | |||
| Total operating and administrative expenses | $7,902 | $4,568 | $3,334 | |
| Contributions, gifts, grants paid | $40,000 | |||
| Excess of revenue over expenses and disbursements | $-8,214 | |||
| Net investment income | $35,120 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $846,586 | $846,586 |
| Cash - non-interest-bearing | $5,401 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $806,616 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $34,569 | |
| Total liabilities | $201 | |
| Mortgages and other notes payable | $0 | |
| Other | $201 | |
| Total liabilities and net assets/fund balances | $846,385 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $15,500 |
| Net capital loss | $0 |
| Excise Tax Based on Investment Income (for 2012) | |
| Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income) | No |
| Tax based on investment income | $702 |
| Total credits and payments | $520 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $520 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $0 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $182 |
| Overpayment | $0 |
| Amount to be credited to 2013 estimated tax | $0 |
| Statements Regarding Activities (for 2012) | |
| 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 2012 or the taxable year beginning in 2012? | No |
| Statements Regarding Activities for Which Form 4720 May Be Required (for 2012) | |
| 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 2012, did the foundation have any undistributed income for tax year(s) beginning before 2012? | 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 2012) | |
| Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $871,642 |
| Net value of noncharitable-use assets | $858,560 |
| Minimum investment return | $42,928 |
| Distributable Amount (for 2012) | |
| Distributable amount | $42,226 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $42,226 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $0 |
| Private Operating Foundations (for 2012) | |||||
| 2012 | 2011 | 2010 | 2009 | 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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| Other organizations in Connecticut | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Niantic Fire Department Inc | 8 Grand St, Niantic, CT 06357-3204 | CT | 2003-07 | $98,703 |
| 2 | Niantic Lions Charities Inc | PO BOX 227, Niantic, CT 06357-0227 | CT | 2005-05 | $84,688 |
| 3 | Niblack Foundation | 1 Canterbury Grn, Stamford, CT 06901-2032 | CT | 2004-03 | $12,327 |
| 4 | Nicholas And Anita Mercede Foundation Inc | 1200 High Ridge Road, Stamford, CT 06905-1223 | CT | 2008-07 | $2,506 |
| 5 | Nicholas And Viola Spinelli Foundation Inc | C/O Viola J Spinelli, Milford, CT 06460 | CT | 1996-11 | $388,505 |
| 6 | Nicholas Foundation, Phoenix Charter Oak Tr Co Et Al | 123 Bank St, Waterbury, CT 06702-2205 | CT | 2000-11 | $188,008 |
| 7 | Nicholas J Ditullio Charitable Foundation Inc | PO BOX 1820, New Fairfield, CT 06812-1820 | CT | 1999-01 | $3,495 |
| 8 | Nichols Farms Burial Ground | 53 Evelyn St, Trumbull, CT 06611-2813 | CT | 1942-08 | $45,615 |
| 9 | Nichols Improvement Assoc Inc | 1773 Huntington Tpke, Trumbull, CT 06611-5111 | CT | 1958-12 | $162,458 |
| 10 | Nigerian American Society Incorporated | PO BOX 2627, Hartford, CT 06146-2627 | CT | 1999-05 | $4,960 |
| 11 | Nihla And Bob Lapidus Foundation Inc | 236 Maple Shade Rd, Middletown, CT 06457-5161 | CT | 1996-10 | $719,973 |
| 12 | Nisei Student Relocation Commemorative Fund | 19 Scenic Dr, Portland, CT 06480-1536 | CT | 1980-12 | $1,977,094 |
| 13 | Njf Scholarship Foundation Corp | 57 Lockwood Ln, Norwalk, CT 06851-5807 | CT | 2008-05 | $300 |
| 14 | Njsa Inc | 10 Old Kings Hwy, Norwalk, CT 06850-1129 | CT | 1996-08 | $231,619 |
| 15 | Noah Webster House Foundation & Historical Society Of West Hartfor | 227 S Main St, West Hartford, CT 06107-3453 | CT | 1965-08 | $623,272 |
| 16 | Noahs Ark Early Learning Center Inc | 27 9th St, Derby, CT 06418-1213 | CT | 2001-10 | $210,013 |
| 17 | Noahs Ark Of Hope Inc | 100 Piedmont St, Meriden, CT 06451-5238 | CT | 2006-10 | $7,253 |
| 18 | Noank Community Support Services Inc | 306 Thames St, Groton, CT 06340-3945 | CT | 1972-11 | $1,993,335 |
| 19 | Noank Historical Society Inc | 22 Front Street, Noank, CT 06340 | CT | 1968-04 | $0 |
| 20 | Nobody Left Behind Foundation | 1100 Summer Street 4th Floor, Stamford, CT 06905-5515 | CT | 2008-03 | $10,000 |
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