The Sid And Cecclia Lance Family Foundation, Fka Sid & Cecelia Lance Foundation in Northfield, Vermont (VT)
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 Vermont
| The Sid And Cecclia Lance Family Foundation, Fka Sid & Cecelia Lance Foundation | |
| Employer Identification Number (EIN) | 953738539 |
| Name of Organization | The Sid And Cecclia Lance Family Foundation |
| Secondary Name | Fka Sid & Cecelia Lance Foundation |
| Address | PO BOX 305, Northfield, VT 05663-0305 |
| Activities | "Unspecified" |
| Subsection | Charitable Organization |
| Ruling Date | 07/1982 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2011 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $500,000 to $999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $1,265,432 |
| Amount of Income | $984,920 |
| Form 990 Revenue Amount | $111,817 |
Non-representatives - add comments:
Revenue for 2011
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 | $111,817 | $33,817 | $0 | |
| Contributions, gifts, grants, etc., received | $78,000 | |||
| Interest on savings and temporary cash investments | $7,210 | |||
| Dividends and interest from securities | $23,098 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $43 | |||
| Other | $3,466 | |||
| Total expenses and disbursements | $87,240 | $23,321 | $0 | $63,919 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $26,240 | $23,321 | $2,919 | |
| Contributions, gifts, grants paid | $61,000 | |||
| Excess of revenue over expenses and disbursements | $24,577 | |||
| Net investment income | $10,496 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2011) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $1,265,432 | $1,311,324 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $1,148,851 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $116,581 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $1,265,432 | |
| Capital Gains and Losses for Tax on Investment Income (for 2011) | |
| Capital gain net income | $3,466 |
| Net capital loss | $0 |
| 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 | $210 |
| Total credits and payments | $472 |
| 2011 estimated tax payments and 2010 overpayment credited to 2011 | $472 |
| 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 | $0 |
| Tax due | $0 |
| Overpayment | $262 |
| Amount to be credited to 2012 estimated tax | $262 |
| 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? | No |
| 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 | $1,358,721 |
| Net value of noncharitable-use assets | $1,338,340 |
| Minimum investment return | $66,917 |
| Distributable Amount (for 2011) | |
| Distributable amount | $66,707 |
| Undistributed Income (for 2011) | |
| Distributable amount for 2011 | $66,707 |
| Undistributed income for 2011. This amount must be distributed in 2012 | $29,560 |
| Private Operating Foundations (for 2011) | |||||
| 2011 | 2010 | 2009 | 2008 | 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 Vermont | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Synagogue Corporation | Fern Hill Office 214 North Prospect, Burlington, VT 05401 | VT | 1979-05 | $897,483 |
| 2 | Tag Philanthropic Foundation | 73 School St, Stowe, VT 05672-4447 | VT | 2008-08 | $1,266,687 |
| 3 | Terry F Allen Family Charitable Trust, Allen Terry F Ttee | 256 Fuller Mountain Rd, Ferrisburg, VT 05456-9552 | VT | 1998-05 | $615,394 |
| 4 | The Arlington Community Club Inc | PO BOX 525, Arlington, VT 05250-0525 | VT | 1985-06 | $27,195 |
| 5 | The Barton Senior Center | 19 Village Square, Barton, VT 05822 | VT | 2006-12 | $0 |
| 6 | The Champlain Adaptive Mounted Program | 57 E Shore Rd, South Hero, VT 05486-4911 | VT | 1990-07 | $282,969 |
| 7 | The Devoe Foundation | 59 Green Hills Dr, Shelburne, VT 05482-6330 | VT | 1987-07 | $14,970 |
| 8 | The Ethan Allen Homestead Museum Inc | Museum Inc 1 Ethan Allen Homestead, Burlington, VT 05408 | VT | 1991-09 | $39,384 |
| 9 | The Hicks Foundation Inc | 124 St Peter St, Winooski, VT 05404 | VT | 2006-11 | $110,367 |
| 10 | The Orton Family Foundation | 120 Graham Way Ste 126, Shelburne, VT 05482-7217 | VT | 1995-08 | $13,011,706 |
| 11 | The Sid And Cecclia Lance Family Foundation, Fka Sid & Cecelia Lance Foundation | PO BOX 305, Northfield, VT 05663-0305 | VT | 1982-07 | $984,920 |
| 12 | The Woodstock Foundation Inc | PO BOX 489, Woodstock, VT 05091-0489 | VT | 1968-12 | $4,274,545 |
| 13 | The Ywca Of Vermont Inc | 76 Pearl St Ste 205, Essex Jct, VT 05452-3662 | VT | 1976-07 | $679,639 |
| 14 | The@noise Pollution Clearinghouse Inc | PO BOX 1137, Montpelier, VT 05601-1137 | VT | 1998-08 | $62,229 |
| 15 | Three River Valley Regional Busines S Education Partnership Inc, Trvbep | 307 South Street, Springfield, VT 05156 | VT | 2000-12 | $0 |
| 16 | Timmys Kids Inc | 108 Mountain View Drive, Swanton, VT 05488 | VT | 2002-10 | $9,281 |
| 17 | Toward Freedom Inc | 300 Maple St, Burlington, VT 05401-4788 | VT | 1972-05 | $21,592 |
| 18 | Tree Farm Management Group | PO BOX 8436, Essex Junction, VT 05451-8436 | VT | 2003-06 | $196,054 |
| 19 | Triplett Fund Inc | 1430 Camp Rd, Brandon, VT 05733-8569 | VT | 2005-03 | $923 |
| 20 | Trustees Of The Wood Art Gallery | 46 Barre St, Montpelier, VT 05602-3508 | VT | 1946-08 | $430,095 |
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