James W Lundberg Philanthropic Trust in Washington, District of Columbia (DC)
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
| James W Lundberg Philanthropic Trust | |
| Employer Identification Number (EIN) | 526798969 |
| Name of Organization | James W Lundberg Philanthropic Trust |
| In Care of Name | G T Leighton Trustee |
| Address | 1515 U St Nw Apt 2a, Washington, DC 20009-3948 |
| Activities | Non-exempt charitable trust described in section 4947(a)(1) of the Code |
| Subsection | Charitable Organization, Educational Organization |
| Ruling Date | 07/1998 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2012 |
| Assets | $500,000 to $999,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $735,644 |
| Amount of Income | $58,848 |
| Form 990 Revenue Amount | $20,469 |
| National Taxonomy of Exempt Entities (NTEE) | Religion-Related, Spiritual Development: Christian |
Non-representatives - add comments:
Amount of income in 2012: $58,848 (it was $45,100 in 2011)
| James W Lundberg Philanthropic Trust: | $58,848 |
| Other organizations performing similar types of work: | $266,106 |
Assets in 2012: $735,644 (it was $767,544 in 2011)
| This organization: | $735,644 |
| Other organizations performing similar types of work: | $413,935 |
Expenses in 2012: $52,307
| James W Lundberg Philanthropic Trust: | $52,307 |
| Other organizations performing similar types of work: | $144,402 |
Income to expenses ratio in 2012: 1.1
| This organization: | 1.1 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2012: 0.0%
| James W Lundberg Philanthropic Trust: | 0.0% |
| Other organizations performing similar types of work: | 51.8% |
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 | $22,607 | $21,355 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $40 | |||
| Dividends and interest from securities | $19,868 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $-507 | |||
| Other | $3,206 | |||
| Total expenses and disbursements | $52,307 | $8,580 | $0 | $41,260 |
| Compensation of officers, directors, trustees, etc. | $24,765 | |||
| Total operating and administrative expenses | $27,557 | $8,580 | $16,510 | |
| Contributions, gifts, grants paid | $24,750 | |||
| Excess of revenue over expenses and disbursements | $-29,700 | |||
| Net investment income | $12,775 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $735,644 | $740,353 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $469,338 | |
| Investments-corporate bonds | $249,757 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $15,131 | |
| Other | $1,418 | |
| Total liabilities | $10,000 | |
| Mortgages and other notes payable | $0 | |
| Other | $10,000 | |
| Total liabilities and net assets/fund balances | $725,644 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $3,206 |
| 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 | $256 |
| Total credits and payments | $276 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $276 |
| 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 | $0 |
| Overpayment | $20 |
| Amount to be credited to 2013 estimated tax | $20 |
| 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? | Yes |
| 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 | $745,427 |
| Net value of noncharitable-use assets | $734,240 |
| Minimum investment return | $36,712 |
| Distributable Amount (for 2012) | |
| Distributable amount | $36,456 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $36,456 |
| 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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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Maxco Trust | Rickmansworth Herts Wd3 7pb, United Kingdom | international | 1991-06 | $27,731,435 |
| 2 | Steer Inc | PO BOX 1236, Bismarck, ND 58502-1236 | ND | 1962-09 | $3,031,662 |
| 3 | Tulsa Christian Foundation Inc | PO BOX 4834, Tulsa, OK 74159-0834 | OK | 1969-05 | $348,272 |
| 4 | James W Lundberg Philanthropic Trust | 1515 U St Nw Apt 2a, Washington, DC 20009-3948 | DC | 1998-07 | $58,848 |
| 5 | Religious Ministries Fund, Namaste | Po Box 86442, Portland, OR 97286-0442 | OR | 1987-12 | $34,994 |
| 6 | Korean-American Presbyterian Missions Inc | 21083 Gary Dr, Hayward, CA 94546-6136 | CA | 1995-02 | $10 |
| 7 | Advent Christian Church Building Loan Fund Inc | PO BOX 23152, Charlotte, NC 28227-3152 | NC | 1981-05 | $0 |
| 8 | Androscoggin Valley Bread Of Life Christian Center | PO BOX 555, Berlin, NH 03570-0555 | NH | 1997-09 | $0 |
| 9 | Association Of Christians United In Philanthropy | 10076 Oakwood Dr, El Paso, TX 79924 | TX | 1998-04 | $0 |
| 10 | Christian Missionary Fellowship Of Pennsylvania | 362 Maple Ave, Southampton, PA 18966-3524 | PA | 1973-01 | $0 |
| 11 | Church Fellowship International Inc | 1519 Young St, Henderson, TX 75654-4625 | TX | 1991-03 | $0 |
| 12 | Church Of Scientology Flag Ship Service Organization Inc, Flag Ship Service Org | 118 N Fort Harrison Ave, Clearwater, FL 33755-4019 | FL | 1997-11 | $0 |
| 13 | Friendship Baptist Church | PO BOX 19536, Rochester, NY 14619-0536 | NY | 1996-02 | $0 |
| 14 | Global Vision | 3735 Ridge Line Drive, San Bernardino, CA 92407 | CA | 1977-10 | $0 |
| 15 | Loizeaux Brothers Inc | 100 S Charles St Ste 1401, Baltimore, MD 21201-2703 | MD | 1947-01 | $0 |
| 16 | Nehemiah Foundation | 3000 County Rd 42 W Ste 300, Burnsville, MN 55337-4827 | MN | 1986-12 | $0 |
| 17 | New Vision Full Gospel Baptist Church | 209 4th Ave, East Orange, NJ 07017-4803 | NJ | 1997-02 | $0 |
| 18 | Spirit Of Peace Missionary Baptist Church | 4300 Belrad Dr, Louisville, KY 40218-3604 | KY | 1996-06 | $0 |
| 19 | Word International Fellowship Inc | PO BOX 2816, North Babylon, NY 11703-0816 | NY | 1996-09 | $0 |
| 20 | Zion Evangelical Lutheran Endowment Fund Inc | 508 Mentor Ave, Painesville, OH 44077-2628 | OH | 1996-09 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 39 | ||||||||||||||||||||||||||||||||||||||||||||||||
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