Lap 4 Life Foundation Inc in Newburgh, New York (NY)
Table of contents:
| Lap 4 Life Foundation Inc | |
| Employer Identification Number (EIN) | 271214938 |
| Name of Organization | Lap 4 Life Foundation Inc |
| In Care of Name | Maddalena Casabianca-Reade |
| Address | 54 N Plank Road, Newburgh, NY 12550 |
| Subsection | Charitable Organization |
| Ruling Date | 01/2014 |
| 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 | 2010 |
| Assets | $10,000 to $24,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $13,251 |
| Amount of Income | $79,082 |
| Form 990 Revenue Amount | $79,082 |
| National Taxonomy of Exempt Entities (NTEE) | Medical Research: Fund Raising and/or Fund Distribution |
Non-representatives - add comments:
Amount of income in 2010: $79,082 (it was $78,945 in 2013)
| This organization: | $79,082 |
| Other organizations performing similar types of work: | $80,091 |
Assets in 2010: $13,251 (it was $10,333 in 2013)
| This organization: | $13,251 |
| Other organizations performing similar types of work: | $35,445 |
Expenses in 2013: $79,924
| Lap 4 Life Foundation Inc: | $79,924 |
| Other organizations performing similar types of work: | $53,537 |
Income to expenses ratio in 2013: 1.0
| Lap 4 Life Foundation Inc: | 1.0 |
| Other organizations performing similar types of work: | 1.3 |
Grants share in income in 2013: 55.2%
| This organization: | 55.2% |
| Other organizations performing similar types of work: | 93.4% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |
| 2013 | |
|---|---|
| Total revenue | $78,945 |
| Contributions, gifts, grants, and similar amounts received | $43,558 |
| Program service revenue including government fees and contracts | $35,387 |
| Membership dues and assessments | $0 |
| Investment income | $0 |
| Gain/Loss from sale of assets other than inventory | $0 |
| Net income/loss from gaming and fundraising events | $0 |
| Gross profit/loss from sales of inventory | $0 |
| Other revenue | $0 |
| Total expenses | $79,924 |
| Total net assets | $10,333 |
| Excess/Deficit for the year | $-979 |
| Net assets or fund balances at beginning of year | $11,312 |
| Other changes in net assets or fund balances | $0 |
| Net assets or fund balances at end of year | $10,333 |
| Balance Sheets | |
| 2013 | |
|---|---|
| Total assets | $10,333 |
| Total liabilities | $0 |
| Net assets or fund balances | $10,333 |
| Other Information | |
| 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 |
| 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 |
| Gross receipts for public use of club facilities | $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 | $246,300 |
| Subtotal | $246,300 |
| Gifts, grants, contributions, and membership fees received | $147,245 |
| 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 | $99,055 |
| 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 | $246,300 |
| Public support | $246,300 |
| Subtotal | $0 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
| 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 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Foster Foundation Inc | 25 Rockaway Ave, Garden City, NY 11530-4300 | NY | 2002-04 | $685,055 |
| 2 | Colon Cancer Challenge Foundation | 21 Park St, Rye, NY 10580-3525 | NY | 2009-06 | $554,179 |
| 3 | Live Love And Laugh Foundation Inc | 45 Sutton Pl S Apt 15b, New York, NY 10022-2448 | NY | 2006-03 | $142,067 |
| 4 | Marisa Fund Inc | 3309 Leeward Drive, Haverstraw, NY 10927 | NY | 2005-12 | $130,209 |
| 5 | The Poetic Foundation Inc | 1275 York Avenue, New York, NY 10065 | NY | 2012-02 | $79,497 |
| 6 | Lap 4 Life Foundation Inc | 54 N Plank Road, Newburgh, NY 12550 | NY | 2014-01 | $79,082 |
| 7 | Ednas Foundation Of Hope | PO BOX 642, Harriman, NY 10926-0642 | NY | 2007-10 | $66,297 |
| 8 | Bruce Cohen Memorial Cancerfoundation | 385 Oser Ave, Hauppauge, NY 11788-3607 | NY | 2009-06 | $51,222 |
| 9 | Candi Alma Memorial Fund Inc | 50 Munson Ct, Melville, NY 11747-1633 | NY | 2010-12 | $37,155 |
| 10 | Running Through Walls Inc | 33 West End Avenue, New York, NY 10023 | NY | 2011-02 | $15,355 |
| 11 | Patient Focus Inc | 8625 77th Ave, Glendale, NY 11385-7710 | NY | 2004-06 | $6,988 |
| 12 | Coins For A Cure Inc | 732 Fillmore Rd, East Meadow, NY 11554-4608 | NY | 2006-01 | $1,634 |
| 13 | Dominick Cannizzaro Foundation | PO BOX 334, Hopewell Jct, NY 12533-0334 | NY | 2010-08 | $3 |
| 14 | Americancer Research Foundation | 111 Drexel Ave, Melville, NY 11747-3025 | NY | 2002-12 | $0 |
| 15 | Cowboys For Kids Inc | PO BOX 512, Rhinebeck, NY 12572-0512 | NY | 2004-08 | $0 |
| 16 | Heathers Hope Foundation Inc | 1335 Carlls Straight Path, Dix Hills, NY 11746 | NY | 2005-03 | $0 |
| 17 | Nancy R Gelman Foundation Inc | 254 W 25th St 5a, New York, NY 10001 | NY | 2001-12 | $0 |
| 18 | One Kidney For Life - Michael Levy Kidney Research Foundation | 12 Pheasants Run, Harrison, NY 10528-1310 | NY | 2010-09 | $0 |
| 19 | Yes We Can Sir | P O Box 2006, Scotia, NY 12302 | NY | 2013-08 | $0 |
| 20 | Yes We Care Inc | PO BOX 3452, Farmingdale, NY 11735 | NY | 2006-08 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 241 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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