The Katherine Kenyon Lippitt Foundation in Cleveland, Ohio (OH)
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 Ohio
| The Katherine Kenyon Lippitt Foundation | |
| Employer Identification Number (EIN) | 341571383 |
| Name of Organization | The Katherine Kenyon Lippitt Foundation |
| In Care of Name | National City Bank Trust Dept |
| Address | PO BOX 94651, Cleveland, OH 44101-4651 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 04/1988 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Tax Period | 12/2012 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $1,000,000 to $4,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $2,811,837 |
| Amount of Income | $2,330,010 |
| Form 990 Revenue Amount | $417,074 |
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 | $316,199 | $316,199 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $80,674 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $298 | |||
| Other | $235,227 | |||
| Total expenses and disbursements | $378,410 | $16,557 | $0 | $353,214 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $46,410 | $16,557 | $21,214 | |
| Contributions, gifts, grants paid | $332,000 | |||
| Excess of revenue over expenses and disbursements | $-62,211 | |||
| Net investment income | $299,642 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $2,811,837 | $2,944,378 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $2,002,934 | |
| Investments-corporate bonds | $727,875 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $50,000 | |
| Other | $31,028 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $2,811,837 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $235,227 |
| 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 | $2,996 |
| Total credits and payments | $5,000 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $5,000 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $0 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Overpayment | $2,004 |
| Amount to be credited to 2013 estimated tax | $2,004 |
| 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? | Yes |
| 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 | $3,176,214 |
| Net value of noncharitable-use assets | $3,128,580 |
| Minimum investment return | $156,429 |
| Distributable Amount (for 2012) | |
| Distributable amount | $156,433 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $156,433 |
| 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 Ohio | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | The Greater Cleveland Beepball League | 5175 Evergreen Drive, North Olmsted, OH 44070 | OH | 1993-09 | $4,891 |
| 2 | The Gujarati Mandal Of Central Ohio | 7640 Creekbend Dr, Pickerington, OH 43147 | OH | 1994-08 | $185,924 |
| 3 | The Historical Society Of The Brunswick Area | 4613 Laurel Road, Brunswick, OH 44212 | OH | 1992-03 | $0 |
| 4 | The Home Builders Association Of Portage And Summit Counties | 799 White Pond Dr, Akron, OH 44320-1189 | OH | 1979-03 | $734,425 |
| 5 | The Hudson Economic Education Foundtion | PO BOX 573, Hudson, OH 44236-0573 | OH | 1993-07 | $1,684 |
| 6 | The Hungarian Baptist Convention Of North America Inc | 2636 E 124th St, Cleveland, OH 44120-1445 | OH | 1959-12 | $0 |
| 7 | The International Association Of Lorain | PO BOX 287, Lorain, OH 44052-0287 | OH | 1995-08 | $146,334 |
| 8 | The Jewett Volunteer Fire Department Inc | 208 W Main Street Box 15, Jewett, OH 43986 | OH | 1986-09 | $98,129 |
| 9 | The John G And Mary S Sloneker Foundation | 7310 Sanderson Pl, Cincinnati, OH 45243-4045 | OH | 1993-06 | $1 |
| 10 | The John P Parker Historical Society Inc | PO BOX 246, Ripley, OH 45167-0246 | OH | 1997-01 | $25,082 |
| 11 | The Katherine Kenyon Lippitt Foundation | PO BOX 94651, Cleveland, OH 44101-4651 | OH | 1988-04 | $2,330,010 |
| 12 | The Lakewood Music Boosters | PO BOX 770782, Lakewood, OH 44107 | OH | 1972-05 | $0 |
| 13 | The Leblond Foundation Of Makino | 7680 Innovation Way, Mason, OH 45040-9695 | OH | 1953-06 | $180,475 |
| 14 | The Lighthouse Of Hope Mission For All The People | 77 Dudley St, Akron, OH 44305-3259 | OH | 1994-07 | $24,571 |
| 15 | The Maureen And Stanley Moore Family Foundation, Reichard William E Ttee | C/O William E Reichard 1991 Crocker, Westlake, OH 44145 | OH | 2008-03 | $1,452,066 |
| 16 | The Maynard Family Foundation Agreement Of Trust | PO BOX 277, Mogadore, OH 44260-0277 | OH | 1994-03 | $821,100 |
| 17 | The Morse And Betty Johnson Family Foundation | PO BOX 1118, Cincinnati, OH 45201-1118 | OH | 2004-03 | $85,085 |
| 18 | The Mosier Family Foundation | 20220 Center Ridge Rd Ste 236, Rocky River, OH 44116-3501 | OH | 1997-01 | $1 |
| 19 | The Muddy Water Wrangler Company | 10129 Mill Rd, Mt Healthy, OH 45231-1922 | OH | 2007-06 | $104,895 |
| 20 | The National Museum Of Education In Partnership For Americas Future | 1145 Highbrook St Ste 308, Akron, OH 44301-1312 | OH | 1991-04 | $30,557 |
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