Los Luceros Foundation Inc in Cold Spring, New York (NY)

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Los Luceros Foundation Inc
Employer Identification Number (EIN)134035272
Name of OrganizationLos Luceros Foundation Inc
In Care of NameOconnor Murphy Ryan & Seitz
AddressPO BOX 222, Cold Spring, NY 10516-0222
SubsectionEducational Organization
Ruling Date04/1999
DeductibilityContributions are deductible
FoundationOrganizations operated solely for the benefit of and in conjunction with organizations described in 10 through 16 above
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2008
Assets$25,000 to $99,999
Income$1,000,000 to $4,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$66,093
Amount of Income$3,303,985
Form 990 Revenue Amount$-3,297,571
National Taxonomy of Exempt Entities (NTEE)Arts, Culture and Humanities: Historical Societies, Related Historical Activities


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Amount of income in 2008: $3,303,985
Los Luceros Foundation Inc: 

 $3,303,985
Other organizations performing similar types of work: 

 $218,607

Assets in 2008: $66,093
This organization: 

 $66,093
Other organizations performing similar types of work: 

 $961,312

Expenses in 2007: $438,754
This organization: 

 $438,754
Other organizations performing similar types of work: 

 $159,230

Income to expenses ratio in 2007: 1.0
Los Luceros Foundation Inc: 

 1.0
Other organizations performing similar types of work: 

 1.3

Expenses allocated to program services in 2007: 100.0%
This organization: 

 100.0%
Other organizations performing similar types of work: 

 74.7%

Number of employees in 2007: 6
This organization: 

 6
Other organizations performing similar types of work: 

 4

Grants share in income in 2007: 61.6%
This organization: 

 61.6%
Other organizations performing similar types of work: 

 29.9%

Financial snapshot ($)

Revenue for 2007

Assets at end of 2007

Functional Expenses for 2007 ($)

Income-Producing Activities for 2007

Revenue, Expenses, and Changes in Net Assets or Fund Balances
20002001200220032004200520062007
Total revenue$1,417,426$2,192,801$2,079,458$529,847$2,151,079$3,976,058$486,314$446,565
Contributions, gifts, grants, and similar amounts received$1,424,317$2,169,189$2,039,125$477,463$2,092,678$3,700,145$325,000$275,000
Contributions to donor advised funds$0$0
Direct public support$1,424,317$2,168,389$2,024,663$472,725$2,092,678$3,700,145$325,000$275,000
Indirect public support$0$0$0$0$0$0$0$0
Government contributions (grants)$0$800$14,462$4,738$0$0$0$0
Program service revenue including government fees and contracts$0$0$0$0$0$0$1,291$3,640
Membership dues and assessments$0$0$0$0$0$0$0$0
Interest on savings and temporary cash investments$0$85$52$36$27$0$0$0
Dividends and interest from securities$5,250$18,888$34,425$47,113$53,945$71,694$84,503$111,404
Net rental income or (loss)$2,950$4,239$4,545$3,425$1,234$16,441$21,359$7,450
Gross rents$2,950$4,239$4,545$3,425$1,234$16,441$21,359$7,450
Less: rental expenses$0$0$0$0$0$0$0$0
Other investment income$0$0$0$0$0$0$51,851$45,893
Gain or (loss) from sales of assets other than inventory$-15,531$0$0$0$6,085$186,058$0$0
Gross amount from sales of assets other than inventory$16,125$0$0$0$131,876$250,804$0$0
Less: cost or other basis and sales expenses$31,656$0$0$0$125,791$64,746$0$0
Net income or (loss) from special events and activities$0$0$0$0$0$0$0$0
Gross revenue$0$0$0$0$0$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0$0$0$0$0$0
Gross profit or (loss) from sales of inventory$0$0$0$0$-7,072$-16,155$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0$23,453$9,701$0$0
Less: cost of goods sold$0$0$0$0$30,525$25,856$0$0
Other revenue$440$400$1,311$1,810$4,182$17,875$2,310$3,178
Total expenses$625,762$611,336$687,361$829,314$1,051,704$596,976$495,645$438,754
Program services$353,562$537,087$611,742$754,824$954,193$523,945$495,645$438,754
Management and general$272,200$74,249$75,619$74,490$97,511$73,031$0$0
Fundraising$0$0$0$0$0$0$0$0
Payments to affiliates$0$0$0$0$0$0$0$0
Net assets or fund balances at end of year$1,923,359$3,504,824$4,905,294$4,605,827$5,705,201$9,084,283$9,074,952$9,082,763
Excess or (deficit) for the year$791,664$1,581,465$1,392,097$-299,467$1,099,375$3,379,082$-9,331$7,811
Net assets or fund balances at beginning of year$1,131,695$1,923,359$3,504,824$4,905,294$4,605,827$5,705,201$9,084,283$9,074,952
Other changes in net assets or fund balances$0$0$8,373$0$-1$0$0$0
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$438,754$438,754$0$0
Grants paid from donor advised funds$0
Other grants and allocations$10,000
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$30,775$30,775$0$0
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$118,124$118,124$0$0
Pension plan contributions not included above$0$0$0$0
Employee benefits not included above$17,512$17,512$0$0
Payroll taxes$13,494$13,494$0$0
Professional fundraising fees$0$0$0$0
Accounting fees$13,092$13,092$0$0
Legal fees$16,733$16,733$0$0
Supplies$0$0$0$0
Telephone$3,652$3,652$0$0
Postage and shipping$159$159$0$0
Occupancy$12,179$12,179$0$0
Equipment rental and maintenance$9,995$9,995$0$0
Printing and publications$427$427$0$0
Travel$6,105$6,105$0$0
Conferences, conventions, and meetings$0$0$0$0
Interest$0$0$0$0
Depreciation, depletion, etc.$124,260$124,260$0$0
Other expenses not covered above$62,247$62,247$0$0
Balance Sheets
20002001200220032004200520062007
Total assets$4,884,685$6,500,910$7,622,521$8,588,668$9,663,806$9,084,310$9,079,829$9,089,429
Cash - non-interest-bearing$969,307$49,482$35,773$19,561$35,814$37,717$27,372$8,829
Savings and temporary cash investments$0$0$486,520$103,875$484,850$95,422$160,756$226,372
Accounts receivable less allowance for doubtful accounts$0$0$0$0$0$5,285$6,885$6,885
Pledges receivable less allowance for doubtful accounts$0$0$0$0$0$0$0$0
Grants receivable$0$0$0$0$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$2,400$0$0$0$0$0$0$0
Inventories for sale or use$0$0$0$0$0$0$0$0
Prepaid expenses and deferred charges$0$0$0$40,000$30,000$20,000$10,000$0
Investments - publicly-traded securities$2,225,441$2,225,441
Investments - other securities$500,016$1,870,345$2,351,233$2,351,232$2,725,374$2,740,466$593,475$690,647
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0$0$0$0$0
Investments - other$0$0$0$0$0$0$0$0
Land, buildings, and equipment less accumulated depreciation$3,412,962$4,581,083$4,748,995$6,074,000$6,387,767$6,185,099$6,055,515$5,931,255
Other assets, including program-related investments$0$0$0$0$0$321$385$0
Total liabilities$2,961,326$2,996,086$2,717,227$3,982,841$3,958,605$27$4,877$6,666
Accounts payable and accrued expenses$1,157$3,665$1,128$1,255$347$27$4,877$6,666
Grants payable$0$0$0$0$0$0$0$0
Deferred revenue$0$0$0$0$0$0$0$0
Loans from officers, directors, trustees, and key employees$1,380,000$1,360,939$1,195,939$3,917,586$3,958,258$0$0$0
Tax-exempt bond liabilities$0$0$0$0$0$0$0$0
Mortgages and other notes payable$1,580,169$1,631,482$1,520,160$64,000$0$0$0$0
Other liabilities$0$0$0$0$0$0$0$0
Total liabilities and net assets/fund balances$4,884,685$6,500,910$7,622,521$8,588,668$9,663,806$9,084,310$9,079,829$9,089,429
Total net assets or fund balances$1,923,359$3,504,824$4,905,294$4,605,827$5,705,201$9,084,283$9,074,952$9,082,763
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20002001200220032004200520062007
Total revenue$0$0$0$0$0$0$0$0
Total revenue, gains, and other support per audited financial statements$0$0$0$0$0$0$0$0
Other expenses$0$0$0$0$0$0$0$0
Net unrealized gains on investments$0$0$0$0$0$0$0$0
Donated services and use of facilities$0$0$0$0$0$0$0$0
Recoveries of prior year grants$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Other revenue$0$0$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
20002001200220032004200520062007
Total expenses$0$0$0$0$0$0$0$0
Total expenses and losses per audited financial statements$0$0$0$0$0$0$0$0
Other revenue$0$0$0$0$0$0$0$0
Donated services and use of facilities$0$0$0$0$0$0$0$0
Prior year adjustments$0$0$0$0$0$0$0$0
Losses$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Other expenses$0$0$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Average hours per week devoted to positionCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
30$30,775$0$0
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings5
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?No
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?No
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 20066
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$167,925$3,640
Program service revenue
Program service revenue 1000000$000$0$3,640
Program service revenue 2000000$000$0$0
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$000$0$0
Dividends and interest from securities000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$111,404$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$0Real property rental income that does not depend on the income or profits derived by the person leasing the property and is excluded by section 512(b)(3)$7,450$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$45,893$0
Gain or (loss) from sales of assets other than inventory000000$000$0$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$099$3,178$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
The total number of donor advised funds owned at the end of the tax year$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isNot controlled by disqualified persons/supports non private foundation
Type of supporting organizationType III
Information about the supported organizations
Employer identification number (EIN)Name of organizationType of organizationIs the supported organization listed in the supporting organization's governing documents?Amount of support
850433410New Mexico Heritage Preservation AllianceOrganization that receives a substantial part of its support from a governmental unit or from the general publicNo$0
Total$0
Support Schedule
19992000200120022003200420052006
Total$0$0$0$0$0$0$0$0
Gifts, grants, and contributions received$0$0$0$0$0$0$0$0
Membership fees received$0$0$0$0$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0$0$0$0$0$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$0$0$0$0$0$0$0
Net income from unrelated business activities not included above$0$0$0$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0$0$0$0
Other income$0$0$0$0$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1New York Historical Society170 Central Park W, New York, NY 10024-5152NY1938-04$45,612,917
2Historic Hudson Valley639 Bedford Rd, Sleepy Hollow, NY 10591-1203NY1992-07$26,683,884
3World Monuments Fund Inc350 5th Ave Ste 2412, New York, NY 10118-2494NY1965-05$22,571,628
4American Society For Yad Vashem Inc500 5th Ave Fl 42, New York, NY 10110-4299NY1982-11$18,579,714
5Statue Of Liberty Ellis Island Foundation Inc17 Battery Pl Ste 210, New York, NY 10004-1189NY1982-09$15,501,398
6Yamhill County Historical SocietyPO BOX 484, Lafayette, OR 97127-0484OR1971-01$153,941
7Washington County Historical And Fine Arts Tr Inc135 W Washington St, Hagerstown, MD 21740-4709MD1977-05$122,791
8Ward Melville Heritage Organization LtdPO BOX 572, Stony Brook, NY 11790-0572NY1998-09$565,144
9Theodore Roosevelt AssnPO BOX 719, Oyster Bay, NY 11771-0719NY2000-02$399,794
10Schuhplattler Gebirgstrachten Verein Edelweiss Incorporated79 Brunck Rd, Lancaster, NY 14086-9653NY2002-03$51,600
11Long Island North Shore Heritage Area363 Cold Spring Rd, Syosset, NY 11791NY2009-06$49,504
12Lackawanna Historical Association69 South Dr, Lackawanna, NY 14218NY2004-02$108
13City Island Architectural Heritage Preservation Foundation19 Schofield Street, Bronx, NY 10464-1531NY2007-09$0
14Eno Law Office Preservation Elop403 Lake Road, Pine Plains, NY 12567NY1998-03$0
15Friends Of The Dorothy Day Cottages Inc54 E Buchanan St, Staten Island, NY 10301-1352NY2000-02$0
16National Society Of The Sons Of The American Revolution302 E Upland Rd, Ithaca, NY 14850NY1944-08$0
17Pennies For PoniesPO BOX 4017, Wantagh, NY 11793-0899NY2008-02$0
18Remember Stonewall Inc799 Broadway Ste 541, New York, NY 10003-6815NY2005-09$0
19Save The Regina Maris Ltd8 Stillman Rd, Glen Cove, NY 11542-4031NY1993-07$0
20Solvay Geddes Historical Society1000 Woods Road, Solvay, NY 13209NY2009-08$0
Number of organizations performing similar types of work
Alaska3
Alabama6
Arkansas5
Arizona5
California30
Colorado6
Connecticut17
District of Columbia13
Delaware5
Florida11
Georgia14
Hawaii4
Iowa10
Idaho1
Illinois15
Indiana13
Kansas8
Kentucky11
Louisiana7
Massachusetts20
Maryland12
Maine11
Michigan9
Minnesota7
Missouri13
Mississippi7
Montana3
North Carolina14
North Dakota1
Nebraska2
New Hampshire4
New Jersey10
New Mexico2
New York53
Ohio24
Oklahoma5
Oregon10
Pennsylvania33
Rhode Island8
South Carolina7
South Dakota3
Tennessee9
Texas30
Utah3
Virginia26
Vermont7
Washington11
Wisconsin12
West Virginia8
Total548

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