Lorease & Ed Priesmeyer Foundation Inc in Huntsville, Texas (TX)
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 Texas
| Lorease & Ed Priesmeyer Foundation Inc | |
| Employer Identification Number (EIN) | 760307944 |
| Name of Organization | Lorease & Ed Priesmeyer Foundation Inc |
| In Care of Name | Candyce F Dixon |
| Address | 1106 Avenue O, Huntsville, TX 77340-4444 |
| Activities | Non-exempt charitable trust described in section 4947(a)(1) of the Code |
| Subsection | 4947(a)(1) - Private Foundation (Form 990PF Filer) |
| Foundation | All organizations except 501(c)(3) |
| Exempt Organization Status | Trust described in section 4947(a)(2) of the IR Code |
| Tax Period | 12/2012 |
| 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 | $1,385,127 |
| Amount of Income | $125,150 |
| Form 990 Revenue Amount | $125,150 |
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 | $125,150 | $168,053 | $125,150 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $137 | |||
| Dividends and interest from securities | $46,651 | |||
| Gross rents | $51,185 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $27,177 | |||
| Total expenses and disbursements | $130,813 | $26,654 | $26,654 | $93,382 |
| Compensation of officers, directors, trustees, etc. | $35,200 | |||
| Total operating and administrative expenses | $53,812 | $26,654 | $16,381 | |
| Contributions, gifts, grants paid | $77,001 | |||
| Excess of revenue over expenses and disbursements | $-5,663 | |||
| Net investment income | $141,399 | |||
| Adjusted net income | $98,496 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $1,385,127 | $3,423,253 |
| Cash - non-interest-bearing | $4,723 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $760,263 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $620,141 | |
| Total liabilities | $1,742 | |
| Mortgages and other notes payable | $0 | |
| Other | $1,742 | |
| Total liabilities and net assets/fund balances | $1,383,385 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| 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 | $1,414 |
| Total credits and payments | $1,360 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $0 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $1,360 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $32 |
| Tax due | $86 |
| Overpayment | $0 |
| Amount to be credited to 2013 estimated tax | $0 |
| 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? | 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 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 | $3,768,264 |
| Net value of noncharitable-use assets | $3,711,740 |
| Minimum investment return | $185,587 |
| Distributable Amount (for 2012) | |
| Distributable amount | $184,173 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $184,173 |
| 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 Texas | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Longwoods Home Association Inc | 415 Fall River Rd, Houston, TX 77024-5629 | TX | 1956-01 | $137,879 |
| 2 | Looney-Montgomery Foundation | PO BOX 118, Edinburg, TX 78540-0118 | TX | 1948-10 | $65,892 |
| 3 | Loop 360 Water Supply Corporation | 500 Capital Of Texas Hwy N 125, Austin, TX 78746-3359 | TX | 2002-02 | $1,097,336 |
| 4 | Loop Methuen Associates Inc | 500 Three Galleria Tower, Dallas, TX 75240 | TX | 2003-03 | $7,858,635 |
| 5 | Loop Water Supply Corporation | PO BOX N, Loop, TX 79342-0375 | TX | 1972-09 | $60,946 |
| 6 | Loops Inc, Lovedones Of Prisoners | PO BOX 14953, Odessa, TX 79768-4953 | TX | 1991-01 | $86,230 |
| 7 | Lord Will Provide Ministries Inc | 11388 Parkdale, Temple, TX 76502-6403 | TX | 2004-10 | $56,049 |
| 8 | Lords Helping Hand | PO BOX 2761, Waxahachie, TX 75168-8761 | TX | 2008-10 | $973 |
| 9 | Lords Little Angels Inc | 605 S Highway 77a, Yoakum, TX 77995 | TX | 1994-03 | $241,766 |
| 10 | Lords Pantry Of Leon County Inc | PO BOX 707, Buffalo, TX 75831-0707 | TX | 2000-11 | $55,350 |
| 11 | Lorease & Ed Priesmeyer Foundation Inc | 1106 Avenue O, Huntsville, TX 77340-4444 | TX | $125,150 | |
| 12 | Loren B Jordan Sunflower Hope Foundation Inc | 29 S Cheska Ln, Houston, TX 77024-6504 | TX | 2007-06 | $1 |
| 13 | Loren Davis Ministries International Inc | PO BOX 238, Livingston, TX 77351-0004 | TX | 1987-08 | $305,774 |
| 14 | Loren E Easley Foundation Inc | PO BOX 1239, Sealy, TX 77474-1239 | TX | 1988-06 | $82,542 |
| 15 | Lorena Education Foundation Inc | PO BOX 39, Lorena, TX 76655-0039 | TX | 2005-02 | $43,153 |
| 16 | Lorena Independent School District Athletic Assc | PO BOX 161, Lorena, TX 76655-0161 | TX | 1976-01 | $85,164 |
| 17 | Lorenzo Family Foundation | 121 N Post Oak Ln Apt 2506, Houston, TX 77024-7714 | TX | 1998-08 | $335,522 |
| 18 | Lorenzo Farm Housing Association Inc, Cottonwood Square | PO BOX 387, Lorenzo, TX 79343-0387 | TX | 2009-12 | $279,358 |
| 19 | Lorenzo Senior Citizens Association | PO BOX 571, Lorenzo, TX 79343-0571 | TX | 1989-11 | $73,026 |
| 20 | Loreto House | PO BOX 2533, Denton, TX 76202-2533 | TX | 2008-03 | $152,445 |
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