The Larry Gilbert Foundation Inc in Lexington, Kentucky (KY)
Table of contents:
| The Larry Gilbert Foundation Inc | |
| Employer Identification Number (EIN) | 311524605 |
| Name of Organization | The Larry Gilbert Foundation Inc |
| In Care of Name | Linda Serafini |
| Address | 3403 Kearney Rd, Lexington, KY 40511-9083 |
| Activities | Described in section 170(b)1)(a)(vi) of the Code |
| Subsection | Charitable Organization |
| Ruling Date | 07/1998 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $100,000 to $499,999 |
| Income | $10,000 to $24,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $214,837 |
| Amount of Income | $18,051 |
| Form 990 Revenue Amount | $18,051 |
| National Taxonomy of Exempt Entities (NTEE) | Recreation, Sports, Leisure, Athletics: Amateur Sports Competitions |
Non-representatives - add comments:
Amount of income in 2013: $18,051 (it was $100,825 in 2013)
| The Larry Gilbert Foundation Inc: | $18,051 |
| Other organizations performing similar types of work: | $68,822 |
Assets in 2013: $214,837 (it was $223,074 in 2013)
| This organization: | $214,837 |
| Other organizations performing similar types of work: | $29,808 |
Expenses in 2013: $26,288
| This organization: | $26,288 |
| Other organizations performing similar types of work: | $62,550 |
Income to expenses ratio in 2013: 0.7
| This organization: | 0.7 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2013: 23.8%
| This organization: | 23.8% |
| Other organizations performing similar types of work: | 38.2% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||
| 2012 | 2013 | |
|---|---|---|
| Total revenue | $54,757 | $18,051 |
| Contributions, gifts, grants, and similar amounts received | $12,149 | $4,288 |
| Program service revenue including government fees and contracts | $41,663 | $13,498 |
| Membership dues and assessments | $0 | $0 |
| Investment income | $945 | $265 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 |
| Other revenue | $0 | $0 |
| Total expenses | $82,511 | $26,288 |
| Total net assets | $231,848 | $214,837 |
| Excess/Deficit for the year | $-27,754 | $-8,237 |
| Net assets or fund balances at beginning of year | $259,602 | $223,074 |
| Other changes in net assets or fund balances | $0 | $0 |
| Net assets or fund balances at end of year | $214,837 | |
| Balance Sheets | ||
| 2012 | 2013 | |
|---|---|---|
| Total assets | $231,848 | $214,837 |
| Total liabilities | $0 | $0 |
| Net assets or fund balances | $231,848 | $214,837 |
| Other Information | ||
| 2012 | 2013 | |
|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | |
| Were any significant changes made to the organizing or governing documents? | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No |
| Has the organization filed a Form 990-T for the year? | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | |
| Amount of political expenditures, direct or indirect | $0 | |
| Did the organization file Form 1120-POL for this year? | No | |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | |
| Total amount involved | $0 | |
| Initiation fees and capital contributions | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | |
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975 |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public support | $331,756 |
| Subtotal | $331,756 |
| Gifts, grants, contributions, and membership fees received | $112,257 |
| Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | $219,499 |
| Gross receipts from activities that are not an unrelated trade or business under section 513 | $0 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| Less | $0 |
| Amounts received from disqualified persons | $0 |
| Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support | $0 |
| Total support | $349,990 |
| Public support | $331,756 |
| Subtotal | $18,234 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $18,234 |
| Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income | $0 |
| Write your review! |
|
|
| Recently Added Reviews |
Fishhook International Inc in Lexington, KY
 |
|
Jazz Arts Foundation Inc in Lexington, KY
|
|
International Training And Development Center Inc, High Adventure Wilderness School in Lexington, KY
|
Glen Arvin Avenue Church Of Christ in Lexington, KY
 |
|
Isaiah House Inc in Willisburg, KY
|
| Boyle Mercer County Helping Hands Association Inc in Danville, KY |
|
Louisville Poker Society in Louisville, KY
|
| Southwest E-Z-Duz-It Club Inc in Louisville, KY |
|
Campbell County Rural Knothole League Inc in Alexandria, KY
|
|
Boston Union Church Foundation in Butler, KY
|
| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | United States Hunter Jumper Association Inc | 1930 Bishop Ln Ste 111, Louisville, KY 40218-1962 | KY | 2004-05 | $5,619,251 |
| 2 | Rehab Associates Foundation Inc | 220 Berger Road, Paducah, KY 42003 | KY | 2004-10 | $159,932 |
| 3 | Great Louisville Bowling Association | 4400 Bishop Lane, Louisville, KY 40218-4546 | KY | 2004-09 | $104,823 |
| 4 | Kentucky Intercollegiate Athletic Conference Inc, Kiac | 313 Bocote Dr, Berea, KY 40403-9584 | KY | 2010-02 | $100,038 |
| 5 | Derby City Bmx Association Inc | PO BOX 23505, Louisville, KY 40223-0505 | KY | 2014-08 | $89,207 |
| 6 | United States Bowling Congress Inc, 81579 Kentucky State Usbc Ba | 2193 Birkdale Dr, Lexington, KY 40509-8464 | KY | 2004-09 | $66,591 |
| 7 | United State Pony Clubs Inc | 4041 Iron Works Parkway, Lexington, KY 40511 | KY | 2002-09 | $59,515 |
| 8 | Kentucky Christian Athletic Association Inc | Po Box 245, Burlington, KY 41005 | KY | 2012-04 | $20,213 |
| 9 | The Larry Gilbert Foundation Inc | 3403 Kearney Rd, Lexington, KY 40511-9083 | KY | 1998-07 | $18,051 |
| 10 | United States Bowling Congress Inc, Northern Bluegrass Usbc | 980 Winchester Road, Paris, KY 40361 | KY | 2004-09 | $16,862 |
| 11 | Elizabethtown Volleyball Academy | 171 Overall Phillips Road, Elizabethtown, KY 42701 | KY | 2014-07 | $14,475 |
| 12 | United States Bowling Congress Inc, 83971 Danville Usbc Wba | 619 Logan Ave, Danville, KY 40422-2433 | KY | 2004-09 | $3,522 |
| 13 | United States Bowling Congress Inc, Clarksville Ft Campbell Usbc Wba | 615 S Main St, Elkton, KY 42220 | KY | 2004-09 | $2,211 |
| 14 | United States Bowling Congress Inc, Hopkinsville Usbc Wba | 615 S Main St, Elkton, KY 42220 | KY | 2004-09 | $387 |
| 15 | Braves Wrestling Inc | 1305 Rogers Road, Crittenden, KY 41030 | KY | 2014-08 | $0 |
| 16 | Ea Booster Club | Po Box 16423, Louisville, KY 40256 | KY | 2014-08 | $0 |
| 17 | Ehs Cheer Spirit Boosters | 12400 Old Shelbyville Rd, Louisville, KY 40243-1506 | KY | 2014-12 | $0 |
| 18 | Falcon Booster Club Inc | Po Box 138, Clinton, KY 42031 | KY | 2006-05 | $0 |
| 19 | Green River Valley Bowling Association | 746 Solway Meeting Rd, Big Clifty, KY 42712 | KY | 2004-09 | $0 |
| 20 | Kaiha Inc | 6015 Laurel Lane, Prospect, KY 40059 | KY | 2011-05 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total | 6,596 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Organization representatives - add corrected or new information about The Larry Gilbert Foundation Inc »
Non-representatives - add comments about The Larry Gilbert Foundation Inc»