Laura Fields Trust in Lawton, Oklahoma (OK)

Laura Fields Trust
Employer Identification Number (EIN)	736095854
Name of Organization	Laura Fields Trust
Address	PO BOX 2394, Lawton, OK 73502-2394
Activities	Other school related activities, Aid to the handicapped (see also 031), Other religious activities
Subsection	Charitable Organization, Educational Organization
Ruling Date	11/1954
Deductibility	Contributions are deductible
Foundation	Private non-operating foundation
Organization	Trust
Exempt Organization Status	Unconditional Exemption
Tax Period	06/2014
Assets	$1,000,000 to $4,999,999
Income	$100,000 to $499,999
Filing Requirement	990 - Not required to file (all other)
Asset Amount	$2,184,929
Amount of Income	$442,500
Form 990 Revenue Amount	$100,699

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	$77,770	$56,366	$56,366
Contributions, gifts, grants, etc., received	$31,963
Interest on savings and temporary cash investments	$9,667
Dividends and interest from securities	$45,907
Gross rents	$0
Gross sales price for all assets	$354,171
Gross profit from sales of goods	$0
Other income	$792
Total expenses and disbursements	$189,932	$27,117	$0	$162,584
Compensation of officers, directors, trustees, etc.	$11,400
Pension plans, employee benefits	$0
Legal fees	$0
Accounting fees	$8,350
Interest	$0
Depreciation	$373
Occupancy	$7,000
Travel, conferences, and meetings	$0
Printing and publications	$0
Total operating and administrative expenses	$45,984	$27,117		$18,576
Contributions, gifts, grants paid	$143,948
Excess of revenue over expenses and disbursements	$-112,162
Net investment income		$29,249
Adjusted net income			$56,366

	2012		2013		2014
Balance Sheets
	Book Value	Fair Market Value	Book Value	Fair Market Value	Book Value	Fair Market Value
Total assets	$2,252,225	$2,325,076	$2,234,475	$2,372,824	$2,184,929	$2,479,934
Cash - non-interest-bearing	$0		$0		$0
Investments-U.S. and state government obligations	$0		$628,492		$390,336
Investments-corporate stock	$0		$1,172,515		$1,403,810
Investments-corporate bonds	$0		$0		$0
Investments-mortgage loans	$0		$0		$0
Investments-other	$1,898,119		$0		$0
Other assets			$0		$0
Total liabilities	$19,412		$20,035		$19,615
Mortgages and other notes payable	$0		$0		$0
Other liabilities			$360		$0
Total liabilities and net assets/fund balances	$2,232,813		$2,214,440		$2,165,314

	2012	2013	2014
Capital Gains and Losses for Tax on Investment Income
Capital gain net income	$22,515	$4,212	$0
Net capital loss	$0	$0	$-10,559

	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	$1,242	$355	$292
Total credits and payments	$1,248	$711	$356
Current year estimated tax payments and previous year's overpayment credited to current year	$1,248	$711	$356
Exempt foreign organizations-tax withheld at source	$0	$0	$0
Tax paid with application for extension of time to file (Form 8868)	$0	$0	$0
Backup withholding erroneously withheld	$0	$0	$0
Any penalty for underpayment of estimated tax	$0	$0	$0
Tax due		$0	$0
Overpayment		$356	$64
Amount to be credited to next year's estimated tax	$0	$356	$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?		No	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	$2,330,158	$2,336,699	$2,429,991
Net value of noncharitable-use assets		$2,301,649	$2,393,541
Minimum investment return	$114,760	$115,082	$119,677

	2012	2013	2014
Distributable Amount
Distributable amount	$113,518	$114,727	$119,385

	2012	2013	2014
Undistributed Income
Distributable amount for this year	$113,518	$114,727	$119,385
Undistributed income for this year. This amount must be distributed in the next year	$0	$0	$0

	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	$19,615

	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	$9,667
Dividends and interest from securities	$0	$45,907

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

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Id	Name	Address	State	Established	Total Income
Other organizations in Oklahoma
1	Larry Hutton Ministries Inc	PO BOX 822, Broken Arrow, OK 74013-0822	OK	1987-04	$282,207
2	Larry Johnson Fund For Musically Gifted Children	2312 N W 112th, Oklahoma City, OK 73120	OK	2007-08	$0
3	Larry K And Judith A Jackson Family Foundation	59406 E 288 Pl, Grove, OK 74344-7761	OK	2004-05	$1,556
4	Larry Mosley International Ministries Inc	13517 S Poplar Ct, Glenpool, OK 74033	OK	1998-07	$56,698
5	Latchkey Child Services Inc	1141 N Robinson Ave Ste 404, Oklahoma City, OK 73103-4919	OK	1993-03	$2,040,963
6	Latimer County Hospital Authority	806 Highway 2 N, Wilburton, OK 74578-3625	OK	1997-04	$7,138,488
7	Latimer County Housing Authority	PO BOX 432, Stigler, OK 74462-0432	OK	1982-05	$152,042
8	Latino Community Development Agency Inc	420 Sw 10th St, Oklahoma City, OK 73109-5610	OK	1993-08	$3,761,294
9	Lauer And Hazel Hieronymus Student Loan Trust Fund	PO BOX 357, Buffalo, OK 73834-0357	OK	1999-10	$82,489
10	Laura And Scott Mitchell Charitable Foundation	14201 Rouen Ct, Oklahoma City, OK 73142-1815	OK	2003-07	$40,398
11	Laura Fields Trust	PO BOX 2394, Lawton, OK 73502-2394	OK	1954-11	$442,500
12	Laureate Building Corporation	PO BOX 470372, Tulsa, OK 74147-0372	OK	1995-09	$1,167,784
13	Laureate Mental Health Corporation 6585 S Yale Ste 900	PO BOX 470372, Tulsa, OK 74147-0372	OK	1989-05	$1,165,437
14	Laureate Institute For Brain Research Inc	6655 S Yale Ave, Tulsa, OK 74136-3326	OK	1989-05	$35,764,651
15	Laurence S Youngblood Foundation Inc	PO BOX 552, Oklahoma City, OK 73101-0552	OK	1968-03	$7,215
16	Laverne E Horner Charitable Tr Foundation	PO BOX 1151, Ponca City, OK 74602-1151	OK	2001-01	$43,661
17	Law Enforcement Thermographers Association	PO BOX 6485, Edmond, OK 73083-6485	OK	1999-11	$52,891
18	Lawton Beautiful Inc	4202 Sw Lee Blvd Bldg A, Lawton, OK 73505	OK	2005-01	$6,146
19	Lawton Chamber Of Commerce	PO BOX 1376, Lawton, OK 73502-1376	OK	1971-03	$1,523,512
20	Lawton Community Foundation Affilated Fund Of The Okc City Com	PO BOX 1146, Oklahoma City, OK 73101-1146	OK	2000-12	$4,580,885

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