Lagnaippe Foundation Trust in Kilmarnock, Virginia (VA)
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 Virginia
| Lagnaippe Foundation Trust | |
| Employer Identification Number (EIN) | 546241001 |
| Name of Organization | Lagnaippe Foundation Trust |
| In Care of Name | Bay Trust Company |
| Address | PO BOX 1419, Kilmarnock, VA 22482-1419 |
| Subsection | Charitable Organization, Educational Organization |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Association |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 06/2012 |
| Assets | $25,000 to $99,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $60,050 |
| Amount of Income | $42,099 |
| Form 990 Revenue Amount | $6,401 |
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 | $6,401 | $6,401 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $2,073 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $4,328 | |||
| Total expenses and disbursements | $5,247 | $800 | $0 | $4,405 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $1,147 | $800 | $305 | |
| Contributions, gifts, grants paid | $4,100 | |||
| Excess of revenue over expenses and disbursements | $1,154 | |||
| Net investment income | $5,601 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $60,050 | $62,295 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $31,564 | |
| Investments-corporate bonds | $27,697 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $789 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $60,050 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $4,328 |
| 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 | $56 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $56 |
| 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 | $62,975 |
| Net value of noncharitable-use assets | $62,040 |
| Minimum investment return | $3,102 |
| Distributable Amount (for 2012) | |
| Distributable amount | $3,046 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $3,046 |
| 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 |
| Write your review! |
|
|
| Recently Added Reviews |
Young Presidents Organization Inc, Ypo Northern Virginia Chapter Inc in Newport News, VA
  |
| Mountain Tails Animal Rescue in Dublin, VA |
|
The Mcclinton Foundation in Covington, VA
|
|
Cooper Trash Parkout Inc in Mclean, VA
|
|
Virginia Beach Policemens Benevolent Association Inc in Virginia Bch, VA
|
| Charlotte County Farm Bureau in Charlotte C H, VA |
| Carol W Pruner Charitable Remainder Unitrust, Pruner Todd W & Carol W Pruner Ttee in Roanoke, VA |
|
Kempsville Volunteer Rescue Squad in Virginia Bch, VA
|
|
Dulles South Food Pantry in Dulles, VA
|
|
Pomegranate Library Inc in Virginia Beach, VA
|
| Other organizations in Virginia | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Lacy Foundation | PO BOX 3084, Martinsville, VA 24115-3084 | VA | 1981-05 | $2,604,066 |
| 2 | Ladies Auxiliary To The Virginia State Firemens Association Incorpo | 853 Northfield Ct, Harrisonburg, VA 22802 | VA | 1964-07 | $7,043 |
| 3 | Ladies Oriental Shrine Of North America Inc, 35 Zulekia Court | 2928 Adam Keeling Rd, Virginia Bch, VA 23454-1001 | VA | 1940-09 | $82,861 |
| 4 | Ladies Progressive Society Of The Greek Orthodox Church | 100 Perry Dr, Charlottesvle, VA 22902-4340 | VA | 1968-09 | $2,637 |
| 5 | Lady Lancer Booster Club | 12601 Bailey Bridge Rd, Midlothian, VA 23112-1805 | VA | 2008-02 | $5,051 |
| 6 | Ladysmith Rescue Squad Incorporated | PO BOX 186, Ladysmith, VA 22501-0186 | VA | 1995-06 | $887,023 |
| 7 | Ladysmith Volunteer Fire Co Inc | PO BOX 53, Ladysmith, VA 22501-0053 | VA | 1960-02 | $124,174 |
| 8 | Lafayette Gun Club Of Virginia Incorporated | PO BOX 2037, Grafton, VA 23692-2037 | VA | 1973-04 | $497,586 |
| 9 | Lafayette High School Educational Fund Inc | PO BOX 935, Williamsburg, VA 23187-0935 | VA | 1975-07 | $34,680 |
| 10 | Lafayette School Inc, Lafayette School & Treatment Center | 103 Zion Station Rd, Troy, VA 22974-3969 | VA | 1999-12 | $701,524 |
| 11 | Lagnaippe Foundation Trust | PO BOX 1419, Kilmarnock, VA 22482-1419 | VA | $42,099 | |
| 12 | Lagos Family Foundation | 11401 Ivy Home Pl, Richmond, VA 23233-1758 | VA | 2001-02 | $6,650 |
| 13 | Lake Anna Business Partnership | P O Box 536, Mineral, VA 23117 | VA | 2003-11 | $0 |
| 14 | Lake Anna Civic Association Inc | PO BOX 217, Mineral, VA 23117-0217 | VA | 2002-02 | $55,450 |
| 15 | Lake Anna Rescue Inc | PO BOX 101, Bumpass, VA 23024-0101 | VA | 1999-01 | $141,655 |
| 16 | Lake Anne Nursery Kindergarten Inc | 12021 North Shore Dr, Reston, VA 20190-4999 | VA | 1966-10 | $1,147,477 |
| 17 | Lake Barcroft Association | PO BOX 1085, Falls Church, VA 22041-0085 | VA | 1972-05 | $464,257 |
| 18 | Lake Bona Venture Country Club | PO BOX 1251, Saint Paul, VA 24283-1251 | VA | 1964-02 | $146,335 |
| 19 | Lake Braddock Athletic Booster Club Inc | PO BOX 230, Burke, VA 22009-0230 | VA | 1999-12 | $291,382 |
| 20 | Lake Braddock Crew Boosters Club Inc | PO BOX 10458, Burke, VA 22009-0458 | VA | 2001-12 | $241,375 |
Organization representatives - add corrected or new information about Lagnaippe Foundation Trust »
Non-representatives - add comments about Lagnaippe Foundation Trust»