Lane Family Foundation Inc in Palm Beach, Florida (FL)
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 Florida
| Lane Family Foundation Inc | |
| Employer Identification Number (EIN) | 060996843 |
| Name of Organization | Lane Family Foundation Inc |
| Address | 232 Everglade Ave, Palm Beach, FL 33480-3730 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 06/1979 |
| 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 | $716,295 |
| Amount of Income | $582,939 |
| Form 990 Revenue Amount | $28,763 |
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 | $87,349 | $87,349 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $151 | |||
| Dividends and interest from securities | $27,840 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $4,035 | |||
| Other | $55,323 | |||
| Total expenses and disbursements | $45,760 | $4,793 | $0 | $40,100 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $5,660 | $4,793 | $0 | |
| Contributions, gifts, grants paid | $40,100 | |||
| Excess of revenue over expenses and disbursements | $41,589 | |||
| Net investment income | $82,556 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $724,265 | $872,563 |
| Cash - non-interest-bearing | $40,767 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $606,790 | |
| Investments-corporate bonds | $7,500 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $69,208 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $724,265 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $55,323 |
| 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 | $1,651 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $13 |
| Tax due | $1,664 |
| 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 | $854,264 |
| Net value of noncharitable-use assets | $841,460 |
| Minimum investment return | $42,073 |
| Distributable Amount (for 2012) | |
| Distributable amount | $40,422 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $40,422 |
| 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 Florida | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Land O Lakes Lodge No 1903 Loyal Order Of Moose, 1903 | PO BOX 1536, Land O Lakes, FL 34639-1536 | FL | 1940-05 | $360,776 |
| 2 | Land O Lakes Pal Inc | Po Box 1072, Land O Lakes, FL 34639 | FL | 2003-06 | $35,864 |
| 3 | Land O Sunshine Camp Cedarbrook Inc | 1048 Hope St, Venice, FL 34285-7121 | FL | 1984-07 | $52,265 |
| 4 | Landes Fam Foundation Tr Ua 110498, Landes Martin Jr & Sondra R Ttee | 4114 W Palm Aire Dr Apt 142b, Pompano Beach, FL 33069-4143 | FL | 1999-03 | $223,863 |
| 5 | Landings Racquet Club Inc | 5350 Landings Blvd, Sarasota, FL 34231-9112 | FL | 1996-10 | $634,006 |
| 6 | Landmark Charitable Foundation Inc | 900 S Us Hwy 1 Ste 205, Jupiter, FL 33477-6469 | FL | 1991-04 | $158,753 |
| 7 | Landmesser Fam Tr Foundation, Landmesser Robert Et Al Ttee | Johns Island 400 Ocean Road Apt 176, Vero Beach, FL 32963 | FL | 1997-08 | $88,519 |
| 8 | Landrum Family Foundation Inc | 4050 Bedevere Dr, Pensacola, FL 32514-6401 | FL | 2006-03 | $285,748 |
| 9 | Landscape Maintenance Association Inc | 658 Gates Creek Rd, Bradenton, FL 34212-9169 | FL | 1994-06 | $61,272 |
| 10 | Landstar Scholarship Fund, Harvey Michael L Ttee | PO BOX 19135, Jacksonville, FL 32245-9135 | FL | 1995-07 | $29,674 |
| 11 | Lane Family Foundation Inc | 232 Everglade Ave, Palm Beach, FL 33480-3730 | FL | 1979-06 | $582,939 |
| 12 | Langford Family Foundation Tr Ua 022699, Langford Robert E Ttee | PO BOX 970, Winter Park, FL 32790-0970 | FL | 2000-01 | $52,004 |
| 13 | Katherine John Murphy Foundation Dtd 11-16-54 % Trust Co Of Ga Ttee | PO BOX 1908, Orlando, FL 32802-1908 | FL | 1960-02 | $4,306,778 |
| 14 | Kindlewood Inc | PO BOX 366, Anthony, FL 32617-0366 | FL | 2008-02 | $19,142 |
| 15 | Kazma Family Foundation | 1 N Federal Hwy Ste 400, Boca Raton, FL 33432-3930 | FL | 1998-06 | $1,645,509 |
| 16 | Ken And Susan Meyer Family | 27341 Oak Knoll Dr, Bonita Spgs, FL 34134-8740 | FL | 2005-04 | $20,892 |
| 17 | Kirkland S And Rena B Lamb Foundation Inc | 3102 Lakestone Dr, Tampa, FL 33618-1119 | FL | 1964-02 | $5 |
| 18 | Lahey Foundation | 7076 Verde Way, Naples, FL 34108-6514 | FL | 1987-01 | $431 |
| 19 | Kappa Sigma Fraternity, Chi Chapter | 618 Sw 22nd St, Cape Coral, FL 33991-7740 | FL | 1940-12 | $778,195 |
| 20 | Kamal Foundation Inc, Rahul Dixit | 215 David Walker Dr, Tavares, FL 32778-5749 | FL | 2007-02 | $63 |
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