Lipton Foundation Inc in Westport, Connecticut (CT)
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 Connecticut
| Lipton Foundation Inc | |
| Employer Identification Number (EIN) | 136143274 |
| Name of Organization | Lipton Foundation Inc |
| In Care of Name | B Agar |
| Address | 113 Roseville Rd, Westport, CT 06880-2608 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 03/1949 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2012 |
| Assets | $100,000 to $499,999 |
| Income | $10,000 to $24,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $413,413 |
| Amount of Income | $20,203 |
| Form 990 Revenue Amount | $22,840 |
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 | $20,203 | $20,203 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $7,336 | |||
| Dividends and interest from securities | $12,867 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $19,587 | $1,262 | $1,262 | $12,700 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $1,262 | $1,262 | $0 | |
| Contributions, gifts, grants paid | $18,325 | |||
| Excess of revenue over expenses and disbursements | $616 | |||
| Net investment income | $18,941 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $413,413 | $378,174 |
| Cash - non-interest-bearing | $9,505 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $403,908 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $413,413 | |
| 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 | $189 |
| Total credits and payments | $189 |
| 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) | $189 |
| Backup withholding erroneously withheld | $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 | $0 |
| Net value of noncharitable-use assets | $0 |
| Minimum investment return | $0 |
| Distributable Amount (for 2012) | |
| Distributable amount | $0 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $0 |
| 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 Connecticut | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Links Inc, New Haven Chapter | PO BOX 6557, Hamden, CT 06517-0557 | CT | 1961-12 | $54,168 |
| 2 | Linwood Cemetery Assoc Inc | 480 New London Rd, Colchester, CT 06415-1827 | CT | 1950-01 | $109,674 |
| 3 | Lionheart Films | 30 Coe Ave, Portland, CT 06480-1431 | CT | 1991-05 | $1 |
| 4 | International Association Of Lions Clubs, 8969 Darian | PO BOX 144, Darien, CT 06820-0644 | CT | 1993-06 | $65,742 |
| 5 | Lions Club Health Foundation Of Waterbury Inc | P O Box 749, Waterbury, CT 06720 | CT | 1973-08 | $0 |
| 6 | Lions Club Of New-Haven Incorporated Charitable Trust | PO BOX 8012, New Haven, CT 06530-0012 | CT | 1972-12 | $53,452 |
| 7 | Lions Gallery Of Vision Services | 33 Highland Street, New Britain, CT 06052-2022 | CT | 1971-05 | $61,118 |
| 8 | Lions Low Vision Center Of Eastern Connecticut Inc | PO BOX 43, Colchester, CT 06415-0043 | CT | 1994-06 | $63,544 |
| 9 | Lions Low Vision Center Of Fairfield & New Haven Counties Inc | 23 Barnabas Road Suite 212, Hawleyville, CT 06440 | CT | 1993-03 | $0 |
| 10 | International Association Of Lions Clubs, 9033 New Britain | PO BOX 1933, New Britain, CT 06050-1933 | CT | 1940-12 | $86,712 |
| 11 | Lipton Foundation Inc | 113 Roseville Rd, Westport, CT 06880-2608 | CT | 1949-03 | $20,203 |
| 12 | Lisbon Historical Society Inc | 1 Newent Road, Lisbon, CT 06351 | CT | 1976-08 | $0 |
| 13 | Litchfield Cemetery Assoc | PO BOX 578, Litchfield, CT 06759-0578 | CT | 1995-11 | $315,130 |
| 14 | Litchfield Childrens House Inc | 583 Bantam Rd, Litchfield, CT 06759 | CT | 2002-10 | $0 |
| 15 | Litchfield Community Center Inc | 421 Bantam Rd, Litchfield, CT 06759-3200 | CT | 1999-03 | $491,927 |
| 16 | Litchfield Community Services Fund | Po Box 819, Litchfield, CT 06759 | CT | 1967-10 | $26,746 |
| 17 | Litchfield Conservation Trust Inc | PO BOX 712, Litchfield, CT 06759-0712 | CT | 1968-12 | $88,579 |
| 18 | Litchfield Country Club Incorporated | 256 Old South Rd, Litchfield, CT 06759-4021 | CT | 1965-02 | $1,490,889 |
| 19 | The Arc Of Litchfield County Inc | 314 Main St, Torrington, CT 06790-5055 | CT | 1966-09 | $6,571,333 |
| 20 | Litchfield County Bmx Group Inc | PO BOX 961, Torrington, CT 06790 | CT | 2000-06 | $32,630 |
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