Lee Family Foundation in Birmingham, Alabama (AL)
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
| Lee Family Foundation | |
| Employer Identification Number (EIN) | 371518781 |
| Name of Organization | Lee Family Foundation |
| In Care of Name | Scott Lee |
| Address | 2309 Country Ridge Dr, Birmingham, AL 35243-4310 |
| Subsection | Charitable Organization |
| Ruling Date | 03/2006 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Tax Period | 12/2012 |
| Assets | $1 to $9,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $1 |
| Amount of Income | $6,730 |
| Form 990 Revenue Amount | $-872 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Corporate Foundations |
Non-representatives - add comments:
Amount of income in 2012: $6,730 (it was $-872 in 2011)
| This organization: | $6,730 |
| Other organizations performing similar types of work: | $107,502 |
Assets in 2012: $1 (it was $2,967 in 2011)
| Lee Family Foundation: | $1 |
| Other organizations performing similar types of work: | $322,766 |
Expenses in 2012: $0
| This organization: | $0 |
| Other organizations performing similar types of work: | $58,249 |
Grants share in income in 2012: 22.5%
| Lee Family Foundation: | 22.5% |
| Other organizations performing similar types of work: | 98.7% |
Revenue 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 | $2,858 | $643 | $0 | |
| Contributions, gifts, grants, etc., received | $643 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $0 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $2,215 | |||
| Gross sales less returns and allowances | $2,215 | |||
| Less: Cost of goods sold | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $0 | $0 | $0 | $113 |
| Excess of revenue over expenses and disbursements | $2,858 | |||
| Net investment income | $643 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $1 | $0 |
| Cash - non-interest-bearing | $643 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $0 | |
| 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 | $0 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| 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 | $2,503 |
| Net value of noncharitable-use assets | $0 |
| Minimum investment return | $0 |
| Distributable Amount (for 2012) | |
| Distributable amount | $123 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $123 |
| 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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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Wiregrass Foundation | 1532 Whatley Dr, Dothan, AL 36303-1984 | AL | 2005-01 | $83,008,074 |
| 2 | Energen Foundation | 605 Richard Arrington Jr Blvd N, Birmingham, AL 35203-2707 | AL | 2009-06 | $1,058,835 |
| 3 | Buckmasters American Deer Foundation Inc | PO BOX 244022, Montgomery, AL 36124-4022 | AL | 1999-03 | $486,180 |
| 4 | Wool Family Foundation | 3147 Thomas Ave, Montgomery, AL 36106-2425 | AL | 2000-08 | $357,435 |
| 5 | Dunn-French Foundation | PO BOX 247, Birmingham, AL 35201-0247 | AL | 2000-06 | $317,081 |
| 6 | First Baptist Church Foundation Of Huntsville Alabama | 600 Governors Dr Sw, Huntsville, AL 35801-5128 | AL | 1998-01 | $270,524 |
| 7 | Sterne Agee & Leach Charitable Foundation Inc | 800 Shades Creek Pkwy Ste 125, Birmingham, AL 35209-4526 | AL | 2000-10 | $265,971 |
| 8 | John Herman Hickman Foundation | PO BOX 1760, Tuscaloosa, AL 35403-1760 | AL | 2011-10 | $257,344 |
| 9 | Cullman Savings Bank Foundation | 316 2nd Ave Sw, Cullman, AL 35055-4117 | AL | 2011-02 | $80,091 |
| 10 | Turner Foundation | 16 Glen Iris Park S, Birmingham, AL 35205-5906 | AL | 2000-03 | $67,453 |
| 11 | Sca Community Service Foundation | 3000 Riverchase Galleria Ste 500, Birmingham, AL 35244-2365 | AL | 2010-04 | $30,000 |
| 12 | Cullman Savings Foundation | 316 2nd Ave Sw, Cullman, AL 35055-4117 | AL | 2002-09 | $8,554 |
| 13 | First Gulf Bank Charitablefoundation | 919 Fairhope Ave, Fairhope, AL 36532 | AL | 2006-05 | $8,385 |
| 14 | Five Loaves Charitable Foundation, Evans G Daniel Ttee | 3619 Bermuda Dr, Birmingham, AL 35210-3005 | AL | 1999-04 | $7,013 |
| 15 | Lee Family Foundation | 2309 Country Ridge Dr, Birmingham, AL 35243-4310 | AL | 2006-03 | $6,730 |
| 16 | Manor House Foundation Inc, Manor House Foundation | 200 Russell St Ste 300, Huntsville, AL 35801-3650 | AL | 2011-01 | $1,460 |
| 17 | Sapp Family Foundation | 528 Adams St Se, Huntsville, AL 35801-3701 | AL | 1999-08 | $1 |
| 18 | The Roberts Foundation | PO BOX 43186, Birmingham, AL 35243-0186 | AL | 2001-01 | $1 |
| 19 | Buckmasters American Deer Foundation Inc, Montgomery One Shot Chapter | 10350 Highway 80 E, Montgomery, AL 36117-6064 | AL | 1999-03 | $0 |
| 20 | Downing Family Foundation | 1510 Mountainbrook Dr Se, Huntsville, AL 35801-2138 | AL | 2008-09 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 3,013 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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