Gay Noe Mclendon Foundation in Metairie, Louisiana (LA)

Gay Noe Mclendon Foundation
Employer Identification Number (EIN)	721023769
Name of Organization	Gay Noe Mclendon Foundation
In Care of Name	Perez Mcdaniel Faust Llp
Address	321 Veterans Memorial Blvd Ste 107, Metairie, LA 70005-3060
Activities	Other medical research, Gifts, grants, or loans to other organizations
Subsection	Charitable Organization
Ruling Date	12/1985
Deductibility	Contributions are deductible
Foundation	Private non-operating foundation
Organization	Corporation
Exempt Organization Status	Unconditional Exemption
Tax Period	06/2014
Assets	$100,000 to $499,999
Income	$25,000 to $99,999
Filing Requirement	990 - Not required to file (all other)
Asset Amount	$316,509
Amount of Income	$93,697
Form 990 Revenue Amount	$24,193

Non-representatives - add comments:

Financial snapshot ($)

Revenue for 2014

Assets at the end of 2014

Expenses for 2014

	Revenue and expenses per books	Net investment income	Adjusted net income	Disbursements for charitable purposes (cash basis only)
Analysis of Revenue and Expenses (for 2014)
Total revenue	$12,331	$12,331	$0
Contributions, gifts, grants, etc., received	$0
Interest on savings and temporary cash investments	$0
Dividends and interest from securities	$9,047
Gross rents	$0
Gross sales price for all assets	$84,579
Gross profit from sales of goods	$0
Other income	$71
Other	$3,213
Total expenses and disbursements	$38,503	$4,186	$0	$18,160
Compensation of officers, directors, trustees, etc.	$0
Pension plans, employee benefits	$0
Legal fees	$0
Accounting fees	$15,897
Interest	$0
Depreciation	$0
Occupancy	$0
Travel, conferences, and meetings	$0
Printing and publications	$0
Total operating and administrative expenses	$20,343	$4,186		$0
Contributions, gifts, grants paid	$18,160
Excess of revenue over expenses and disbursements	$-26,172
Net investment income		$8,145
Adjusted net income			$0

	2012		2013		2014
Balance Sheets
	Book Value	Fair Market Value	Book Value	Fair Market Value	Book Value	Fair Market Value
Total assets	$354,992	$368,192	$358,314	$342,202	$316,509	$319,195
Cash - non-interest-bearing	$13,916		$5,539		$4,981
Investments-U.S. and state government obligations	$0		$0		$0
Investments-corporate stock	$0		$18,887		$18,887
Investments-corporate bonds	$0		$0		$0
Investments-mortgage loans	$0		$0		$0
Investments-other	$249,348		$315,346		$291,935
Other assets			$0		$0
Total liabilities	$0		$0		$1
Mortgages and other notes payable	$0		$0		$0
Other liabilities			$0		$0
Total liabilities and net assets/fund balances	$354,992		$358,314		$316,509

	2012	2013	2014
Capital Gains and Losses for Tax on Investment Income
Capital gain net income	$12,824	$3,913	$3,213
Net capital loss	$0	$0	$0

	2012	2013	2014
Excise Tax Based on Investment Income
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)	No	No	No
Tax based on investment income	$383	$240	$81
Total credits and payments	$0	$0	$0
Any penalty for underpayment of estimated tax	$0	$0	$0
Tax due		$240	$81
Overpayment		$0	$0
Amount to be credited to next year's estimated tax	$0	$0	$0

	2012	2013	2014
Statements Regarding Activities
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	No	No
Has the foundation engaged in any activities that have not previously been reported to the IRS?		No	No
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles of incorporation, or bylaws, or other similar instruments?		No	No
Has the foundation filed a tax return on Form 990-T for this year?		No	No
Was there a liquidation, termination, dissolution, or substantial contraction during the year?	No	No	No
Has the foundation furnished a copy of Form 990-PF to the Attorney General (or designate) of each state?		Yes	Yes
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for current calendar year or the taxable year beginning in this year?	No	No	No
Did any persons become substantial contributors during the tax year?		No	No
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had advisory privileges?		Yes	No
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?		Yes	Yes
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041		No	No

	2012	2013	2014
Statements Regarding Activities for Which Form 4720 May Be Required
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	No	No
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person?	No	No	No
Furnish goods, services, or facilities to (or accept them from) a disqualified person?	No	No	No
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?	No	No	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	No	No
Agree to pay money or property to a government official?	No	No	No
Did any of the acts fail to qualify under the exceptions described in Regulations section 53.4941(d)-3 or in a current notice regarding disaster assistance?		No	No
Did the foundation engage in a prior year in any of the acts, other than excepted acts, that were not corrected before the first day of the tax year beginning in this year?		No	No
At the end of this tax year, did the foundation have any undistributed income for tax year(s) beginning before this year?	No	No	No
Are there any years listed above for which the foundation is not applying the provisions of section 4942(a)(2) (relating to incorrect valuation of assets) to the year's undistributed income?		No	No
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year?	No	No	No
Did the foundation have excess business holdings in this year as a result of (1) any purchase by the foundation or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3) the lapse of the 10-, 15-, or 20-year first phase holding period?	No	No	No
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?	No	No	No
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in this year?		No	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	No	No
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive?	No	No	No
Provide a grant to an individual for travel, study, or other similar purposes?	No	No	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	No	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	No	No
Did any of the transactions fail to qualify under the exceptions described in Regulations section 53.4945 or in a current notice regarding disaster assistance?		No	No
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?		No	No
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?		No	No

	2012	2013	2014
Minimum Investment Return
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes	$385,594	$373,601	$324,074
Net value of noncharitable-use assets		$367,997	$319,213
Minimum investment return	$18,991	$18,400	$15,961

	2012	2013	2014
Distributable Amount
Distributable amount	$18,608	$18,160	$15,880

	2012	2013	2014
Undistributed Income
Distributable amount for this year	$18,608	$18,160	$15,880
Undistributed income for this year. This amount must be distributed in the next year	$18,608	$18,160	$15,880

	2014	2013	2012	2011	Total
Private Operating Foundations (for 2011 - 2014)
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

Supplementary Information (for 2014)
Grants approved for future payment	$0

	Amount	Related or exempt function income
Analysis of Income-Producing Activities (for 2014)
Program service revenue
Fees and contracts from government agencies	$0	$0
Membership dues and assessments	$0	$0
Interest on savings and temporary cash investments	$0	$0
Dividends and interest from securities	$9,047	$0

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations (for 2014)
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Transfers from the reporting foundation to a noncharitable exempt organization of:
Cash	No
Other assets	No
Other transactions:
Sales of assets to a noncharitable exempt organization	No
Purchases of assets from a noncharitable exempt organization	No
Rental of facilities, equipment, or other assets	No
Reimbursement arrangements	No
Loans or loan guarantees	No
Performance of services or membership or fundraising solicitations	No
Sharing of facilities, equipment, mailing lists, other assets, or paid employees	No

Write your review!

Your Ratings

You can rate this nonprofit in different categories from 1 star (worst) to 5 stars (best) or leave category unrated

Program:
Fundraising:
Expenses:
Transparency:

Your Review

Would you recommend Gay Noe Mclendon Foundation to others? (optional)

Yes

Add photo of Gay Noe Mclendon Foundation (optional)

About You

Your nickname:
I have read, and agree to the Terms of Service

Optional Verification

(additional info to increase the weight and the placement of your review and ratings)

	Log in» \| Register - it's free and very quick!
Real Name:
Email (won't be published):
Date and time of your visit to this nonprofit:
Phone number (won't be published):
	Show my IP address (18.117.94.xxx) to everybody
	Leave your signature» Clear Make my signature public

Recently Added Reviews
Mystic Krewe Of Nyx in New Orleans, LA
Wilson Global Initiative in Baton Rouge, LA
Iglesia De Dios Ministerial De Jesucristo International Inc in Kenner, LA
Decolores Adoptions International in Lake Charles, LA
Cadav Inc in Baton Rouge, LA
Nola Project in New Orleans, LA
Order Of The Eastern Star Of Louisiana in Jonesboro, LA
Ozanam Inn in New Orleans, LA
Voice Of Truth Ministries, Voice Of Truth Ministires Voice Of Truth Fellowship Church in Laplace, LA
We Care Community Economic Development Corp Inc in Slidell, LA

Recently Added Reviews

Mystic Krewe Of Nyx in New Orleans, LA

Wilson Global Initiative in Baton Rouge, LA

Iglesia De Dios Ministerial De Jesucristo International Inc in Kenner, LA

Decolores Adoptions International in Lake Charles, LA

Cadav Inc in Baton Rouge, LA

Nola Project in New Orleans, LA

Order Of The Eastern Star Of Louisiana in Jonesboro, LA

Ozanam Inn in New Orleans, LA

Voice Of Truth Ministries, Voice Of Truth Ministires Voice Of Truth Fellowship Church in Laplace, LA

We Care Community Economic Development Corp Inc in Slidell, LA

Id	Name	Address	State	Established	Total Income
Other organizations in Louisiana
1	Garden Study Club Of New Orleans	1220 2nd St, New Orleans, LA 70130-5723	LA	1980-02	$140,882
2	Gardner Community Water Association Inc	405 Mudge Rd, Boyce, LA 71409-9742	LA	1973-10	$549,955
3	Garig Connell Witter Family Foundation	PO BOX 80259, Baton Rouge, LA 70898-0259	LA	1963-10	$1
4	Garnie W & Zoe H Mcginty Tr	500 E Reynolds Dr, Ruston, LA 71270-2821	LA	1986-01	$397,297
5	Garrett Foundation For Excellence	PO BOX 1410, Ruston, LA 71273-1410	LA		$2,633
6	Garrett Road Apartments Inc	PO BOX 1117, Shreveport, LA 71163-1117	LA	2003-04	$84,518
7	Gatehouse Foundation Inc	206 S Magnolia St, Lafayette, LA 70501-7224	LA	1983-12	$218,742
8	Gateway Foundation	4103 Lac Couture Dr, Harvey, LA 70058-6514	LA	1997-07	$1,503,181
9	Gateway Foundation Of Acadiana	PO BOX 52066, Lafayette, LA 70505-2066	LA	1989-10	$126,295
10	Gateway International	PO BOX 77514, Baton Rouge, LA 70879-7514	LA	1997-06	$201,559
11	Gay Noe Mclendon Foundation	321 Veterans Memorial Blvd Ste 107, Metairie, LA 70005-3060	LA	1985-12	$93,697
12	Gayle K Hamilton Library Trust, Hamilton Gayle K Ttee	4700 Line Ave Ste 109, Shreveport, LA 71106-1533	LA	2007-12	$10,931
13	General Health Foundation	8490 Picardy Ave Ste 300b, Baton Rouge, LA 70809-3733	LA	1977-06	$8,430,966
14	Generations United	PO BOX 364, Walker, LA 70785-0364	LA	2007-12	$1,576
15	Geneva Academy Inc	224 Auburn Ave, Monroe, LA 71201-5257	LA	2002-07	$377,676
16	Geno Munds Ministries	4444 S Fairway Dr, Shreveport, LA 71109-4914	LA	2002-11	$6,962
17	Gentilly Senior Center Inc	PO BOX 6160, New Orleans, LA 70174-6160	LA	2004-11	$124,443
18	Gentle Care Services	PO BOX 40421, Baton Rouge, LA 70835-0421	LA	2006-08	$766,770
19	Athletics & Academics Club Inc	PO BOX 12491, Alexandria, LA 71315-2491	LA	2001-04	$242,410
20	George A Khoury Foundation Inc	PO BOX 5664, Shreveport, LA 71135-5664	LA	1998-02	$23,443

NonProfitFacts.com is not associated with, endorsed by, or sponsored by Gay Noe Mclendon Foundation and has no official or unofficial affiliation with Gay Noe Mclendon Foundation