Lasko Charitable Fund in Philadelphia, Pennsylvania (PA)
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 Pennsylvania
| Lasko Charitable Fund | |
| Employer Identification Number (EIN) | 232856376 |
| Name of Organization | Lasko Charitable Fund |
| In Care of Name | Bernard Eizen |
| Address | 2001 Market St Two Commerce Sq, Philadelphia, PA 19103 |
| Activities | Church, synagogue, etc |
| Subsection | Charitable Organization |
| Ruling Date | 11/1999 |
| Deductibility | Contributions are deductible |
| Foundation | Private operating foundation (other) |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 06/2010 |
| Assets | $10,000,000 to $49,999,999 |
| Income | $1,000,000 to $4,999,999 |
| Filing Requirement | 990 - Not required to file (all other) (990-PF required) |
| Asset Amount | $16,310,311 |
| Amount of Income | $1,319,324 |
| Form 990 Revenue Amount | $-133,459 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Education (Not Elsewhere Classified) |
Non-representatives - add comments:
Expenses for 2011
Assets for 2011
| Analysis of Revenue and Expenses (for 2011) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
|---|---|---|---|---|
| Total revenue | $-133,459 | $426,726 | $423,551 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $426,741 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $-3,190 | |||
| Total expenses and disbursements | $851,227 | $131,952 | $131,952 | $661,891 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $189,336 | $131,952 | $0 | |
| Contributions, gifts, grants paid | $661,891 | |||
| Excess of revenue over expenses and disbursements | $-984,686 | |||
| Net investment income | $294,774 | |||
| Adjusted net income | $291,599 | |||
| Balance Sheets (for 2011) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $15,330,634 | $17,384,985 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $15,307,704 | |
| Other | $22,930 | |
| Total liabilities | $51,759 | |
| Mortgages and other notes payable | $0 | |
| Other | $51,759 | |
| Total liabilities and net assets/fund balances | $15,278,875 | |
| Capital Gains and Losses for Tax on Investment Income (for 2011) | |
| Capital gain net income | $0 |
| Net capital loss | $-557,010 |
| Excise Tax Based on Investment Income (for 2011) | |
| Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income) | No |
| Tax based on investment income | $5,895 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $6,001 |
| Amount to be credited to 2012 estimated tax | $0 |
| Statements Regarding Activities (for 2011) | |
| 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 2011 or the taxable year beginning in 2011? | Yes |
| Statements Regarding Activities for Which Form 4720 May Be Required (for 2011) | |
| 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? | 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 |
| Agree to pay money or property to a government official? | No |
| At the end of tax year 2011, did the foundation have any undistributed income for tax year(s) beginning before 2011? | 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 2011) | |
| Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $17,362,055 |
| Net value of noncharitable-use assets | $17,101,620 |
| Minimum investment return | $855,081 |
| Distributable Amount (for 2011) | |
| Distributable amount | $0 |
| Undistributed Income (for 2011) | |
| Distributable amount for 2011 | $0 |
| Undistributed income for 2011. This amount must be distributed in 2012 | $0 |
| Private Operating Foundations (for 2011) | |||||
| 2011 | 2010 | 2009 | 2008 | Total | |
|---|---|---|---|---|---|
| The lesser of the adjusted net income or the minimum investment return | $291,599 | $375,616 | $305,223 | $380,892 | $1,353,330 |
| Qualifying distributions made directly for active conduct of exempt activities | $661,891 | $711,599 | $818,843 | $688,875 | $2,881,208 |
| 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 | $570,054 | $482,072 | $340,109 | $524,271 | $1,916,506 |
| 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 Pennsylvania | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Lappawinzo Fish & Game Protective Assoc | 25 Lappawinzo Rd, Northampton, PA 18067-9403 | PA | 2002-10 | $243,102 |
| 2 | Larche Erie Inc | 3745 W 12th St, Erie, PA 16505-3504 | PA | 1973-02 | $3,408,854 |
| 3 | Large Animal Protection Society Inc | PO BOX 243, West Grove, PA 19390-0243 | PA | 1989-02 | $188,571 |
| 4 | Lark Enterprises Inc | 315 Green Ridge Rd Ste A1, New Castle, PA 16105-6145 | PA | 1967-08 | $3,514,837 |
| 5 | Larking Hill Foundation Trust | 330 Thornbrook Ave, Rosemont, PA 19010-1637 | PA | 1999-02 | $469,467 |
| 6 | Larkspur Healthcare Network | 4641 Roosevelt Blvd, Philadelphia, PA 19124-2343 | PA | 2000-04 | $2,167,696 |
| 7 | Larksville Community Ambulance | 480 E State St, Larksville, PA 18651-1407 | PA | 2000-11 | $230,055 |
| 8 | Larrys Creek Fish And Game Club | 9587 State Road 287, Salladasburg, PA 17740 | PA | 1945-01 | $1,229,532 |
| 9 | Larue H Hoffman Tr Uw, Bank Of Hanover & Trust Co | C/O Pnc Bank Na 620 Liberty Ave No, Pittsburgh, PA 15222 | PA | 2005-08 | $132,583 |
| 10 | Las Geriatric Care Services Inc | 1323 Freedom Rd, Cranberry Twp, PA 16066-5001 | PA | 1996-12 | $4,057,254 |
| 11 | Lasko Charitable Fund | 2001 Market St Two Commerce Sq, Philadelphia, PA 19103 | PA | 1999-11 | $1,319,324 |
| 12 | Lasko Family Foundation | 4 Penn Center, Philadelphia, PA 19103-2808 | PA | 1985-08 | $5,835,687 |
| 13 | Lassin Philanthropic Foundation Irrv Tr Ua 121996, Lassin Gary D & Robin Ttees | 425 Stump Rd, Montgomeryvle, PA 18936-9631 | PA | 1997-03 | $202,434 |
| 14 | Last Chance Ranch | 9 Beck Rd, Quakertown, PA 18951-4725 | PA | 2001-01 | $589,958 |
| 15 | Last Generation Ministries | 1339 Piedmont Rd, Somerset, PA 15501-4623 | PA | 1992-06 | $38,989 |
| 16 | Lasting Legacy For Pottsville | 216 South Centre Street, Pottsville, PA 17901 | PA | 2003-06 | $0 |
| 17 | Latcom | 4133 Ellwood Rd, New Castle, PA 16101-6403 | PA | 1990-04 | $582,578 |
| 18 | Latin American Childrens Fund Inc | Po Box 302, Sewickley, PA 15143 | PA | 1989-10 | $25,855 |
| 19 | Latin American Cultural Union | Po Box 19403, Pittsburgh, PA 15213 | PA | 1989-10 | $137 |
| 20 | Latin American Literary Review Press | PO BOX 7530, Pittsburgh, PA 15213-0530 | PA | 1980-08 | $51,727 |
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