Lucille And Bruce Lambert Charitable Foundation Inc in Falls Church, 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
- Organizations performing similar types of work
| Lucille And Bruce Lambert Charitable Foundation Inc | |
| Employer Identification Number (EIN) | 541898273 |
| Name of Organization | Lucille And Bruce Lambert Charitable Foundation Inc |
| In Care of Name | Cynthia Butler |
| Address | 2100 Powhatan St, Falls Church, VA 22043-1940 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 12/1998 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2012 |
| 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) |
| Asset Amount | $17,519,384 |
| Amount of Income | $4,515,339 |
| Form 990 Revenue Amount | $9,863,741 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Private Independent Foundations |
Non-representatives - add comments:
Amount of income in 2012: $4,515,339 (it was $13,298,719 in 2011)
| Lucille And Bruce Lambert Charitable Foundation Inc: | $4,515,339 |
| Other organizations performing similar types of work: | $120,021 |
Assets in 2012: $17,519,384 (it was $17,630,174 in 2011)
| This organization: | $17,519,384 |
| Other organizations performing similar types of work: | $470,342 |
Expenses in 2012: $1,055,212
| Lucille And Bruce Lambert Charitable Foundation Inc: | $1,055,212 |
| Other organizations performing similar types of work: | $61,754 |
Income to expenses ratio in 2012: 4.3
| Lucille And Bruce Lambert Charitable Foundation Inc: | 4.3 |
| Other organizations performing similar types of work: | 2.0 |
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 | $944,422 | $923,188 | $483,852 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $59,891 | |||
| Dividends and interest from securities | $320,187 | |||
| Gross rents | $59,258 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $21,234 | |||
| Other | $483,852 | |||
| Total expenses and disbursements | $1,055,212 | $490,396 | $6,314 | $564,000 |
| Compensation of officers, directors, trustees, etc. | $290,000 | |||
| Total operating and administrative expenses | $555,212 | $490,396 | $64,000 | |
| Contributions, gifts, grants paid | $500,000 | |||
| Excess of revenue over expenses and disbursements | $-110,790 | |||
| Net investment income | $432,792 | |||
| Adjusted net income | $477,538 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $17,519,384 | $19,816,663 |
| Cash - non-interest-bearing | $150,826 | |
| Investments-U.S. and state government obligations | $452,341 | |
| Investments-corporate stock | $9,387,151 | |
| Investments-corporate bonds | $1,513,736 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $3,818,212 | |
| Other | $2,197,118 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $17,519,384 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $483,852 |
| 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 | $8,656 |
| Total credits and payments | $20,000 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $20,000 |
| 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 | $200 |
| Tax due | $0 |
| Overpayment | $11,144 |
| Amount to be credited to 2013 estimated tax | $11,144 |
| 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 | $19,861,892 |
| Net value of noncharitable-use assets | $19,563,960 |
| Minimum investment return | $978,198 |
| Distributable Amount (for 2012) | |
| Distributable amount | $969,542 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $969,542 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $695,850 |
| 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 |
| Greater Love Ministries in Falls Church, VA |
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
|
| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | The Rosser Foundation A Pure Charitable Trust And Public Charit, Rosser Dois I Jr Ttee | 1901 N Armistead Ave, Hampton, VA 23666-4311 | VA | 1993-06 | $13,302,534 |
| 2 | Zeiders Fam Charitable Foundation Tr, Zeider Michael D Ttee | 1532 Duke Of Windsor Rd, Virginia Bch, VA 23454-2504 | VA | 1998-01 | $2,606,675 |
| 3 | The Anne Carter Robins And Walter R Robins Jr Foundation | PO BOX 397, Richmond, VA 23218-0397 | VA | 1995-03 | $2,544,593 |
| 4 | Praxis Foundation | 455 2nd St Se Ste 402, Charlottesvle, VA 22902-5793 | VA | 1997-05 | $1,572,069 |
| 5 | The Howard And Georgeanna Jones Fndtn For Reproductive Medicine | 601 Colley Ave, Norfolk, VA 23507-1627 | VA | 1987-12 | $1,285,723 |
| 6 | Rugaber Family Fund | PO BOX 938, Meadows Dan, VA 24120-0938 | VA | 1996-10 | $402,288 |
| 7 | The@amy Elizabeth Lauth Foundation Inc | 3333 Peters Creek Rd Nw, Roanoke, VA 24019-2719 | VA | 1997-11 | $191,038 |
| 8 | Trost Family Fundation Inc | 11 River Rd, Richmond, VA 23226-3310 | VA | 1997-11 | $162,976 |
| 9 | The Felucca Fund Fka The Elizabeth Ballantine And Paul Leavitt Fdn | 1113 Basil Rd, Mclean, VA 22101-1803 | VA | 1998-10 | $146,565 |
| 10 | William M Camp Foundation | PO BOX 557, Franklin, VA 23851-0557 | VA | 1997-06 | $135,504 |
| 11 | Rotary Club Of Harrisonburg Charitable Foundation | PO BOX 683, Harrisonburg, VA 22803-0683 | VA | 1993-05 | $102,618 |
| 12 | The Dmpe Foundation Inc | 5350 Shawnee Road, Alexandria, VA 22312-2318 | VA | 1996-11 | $85,748 |
| 13 | Village At Woods Edge Endowment Fund | 1401 N High St, Franklin, VA 23851-1244 | VA | 1996-09 | $45,363 |
| 14 | Richard & Mary Dwyer Charitable Foundation Tr, Dwyer Richard Ttee | 2322 Staley Rd, Reston, VA 20191-4619 | VA | 1996-11 | $35,446 |
| 15 | The Helen G Gifford Foundation | 5000 Corp Woods Dr Ste 200, Virginia Bch, VA 23462-4429 | VA | 1997-06 | $20,165 |
| 16 | The Chalfont Foundation Inc | PO BOX 3137, Mclean, VA 22103-3137 | VA | 1997-07 | $15,919 |
| 17 | The Forehand Foundation | 104 Cedar Rd, Chesapeake, VA 23322-5206 | VA | 1994-11 | $13,648 |
| 18 | William T Oxenham Foundation Inc | 3530 Skipjack Rd, Kinsale, VA 22488-2047 | VA | 1998-04 | $10,629 |
| 19 | Teresa And Kathleen Strickland Memorial Fund Inc | 3035 Holmes Run Rd, Falls Church, VA 22042-4305 | VA | 1998-01 | $3,018 |
| 20 | The Sycamore Foundation | PO BOX P7000, Lynchburg, VA 24505 | VA | 1995-12 | $1 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total | 2,744 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Organization representatives - add corrected or new information about Lucille And Bruce Lambert Charitable Foundation Inc »
Non-representatives - add comments about Lucille And Bruce Lambert Charitable Foundation Inc»