Lucien B & Katherine E Price Foundation Inc in Manchester, 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
| Lucien B & Katherine E Price Foundation Inc | |
| Employer Identification Number (EIN) | 066068868 |
| Name of Organization | Lucien B & Katherine E Price Foundation Inc |
| Address | PO BOX 790, Manchester, CT 06045-0790 |
| Activities | Other school related activities, Gifts, grants, or loans to other organizations, Gifts or grants to individuals (other than scholarships) |
| Subsection | Charitable Organization, Educational Organization, Literary Organization |
| Ruling Date | 02/1940 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $1,000,000 to $4,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $4,183,782 |
| Amount of Income | $1,533,651 |
| Form 990 Revenue Amount | $289,928 |
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 | $343,901 | $341,901 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $2 | |||
| Dividends and interest from securities | $132,787 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $2,000 | |||
| Other | $209,112 | |||
| Total expenses and disbursements | $303,377 | $37,652 | $0 | $263,462 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $73,377 | $37,652 | $33,462 | |
| Contributions, gifts, grants paid | $230,000 | |||
| Excess of revenue over expenses and disbursements | $40,524 | |||
| Net investment income | $304,249 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $3,956,703 | $4,637,879 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $537,625 | |
| Investments-corporate stock | $2,629,476 | |
| Investments-corporate bonds | $364,626 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $383,799 | |
| Other | $41,177 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $3,956,703 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $209,112 |
| 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 | $3,042 |
| Total credits and payments | $4,000 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $4,000 |
| 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 | $0 |
| Tax due | $0 |
| Overpayment | $958 |
| Amount to be credited to 2013 estimated tax | $958 |
| 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 | $4,536,216 |
| Net value of noncharitable-use assets | $4,468,180 |
| Minimum investment return | $223,409 |
| Distributable Amount (for 2012) | |
| Distributable amount | $220,367 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $220,367 |
| 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 | Liz Milwe Inc | Po Box 2237, Westport, CT 06880 | CT | 1980-12 | $0 |
| 2 | Louis J And June E Kay Foundation | C/O Salomon 85 Old Long Ridge Rd A4, Stamford, CT 06903 | CT | 2008-07 | $1,288,858 |
| 3 | Lon A Smith Family Foundation, Lowndes A Smith Ttee | 62 Little Stannard Beach Rd, Westbrook, CT 06498-2082 | CT | 2001-10 | $3,800 |
| 4 | Laura Eldridge Hospital Association | PO BOX 810, Wilton, CT 06897-0810 | CT | 1945-01 | $264,192 |
| 5 | Lka I, Lettonia | 12 Bailey Ct, Farmington, CT 06032-4411 | CT | 1986-06 | $11,001 |
| 6 | Malibu Mirage Owners & Pilots Association Inc, Caauwe Russ | 315 Elm St, New Canaan, CT 06840-5317 | CT | 1995-12 | $482,022 |
| 7 | Low Road Foundation | PO BOX 642, Sharon, CT 06069-0642 | CT | 2004-12 | $377,782 |
| 8 | Lower Naugatuck Valley Parent Child Resource Center Inc | 30 Elizabeth St, Derby, CT 06418-1802 | CT | 1975-12 | $2,430,489 |
| 9 | Loyola Development Corporation | 515 S Main St, Waterbury, CT 06706-1019 | CT | 2009-05 | $305,537 |
| 10 | Lt Jon C Ladda Memorial Foundation Inc, Ladda Shawn M Pres | 7 Gillette Way, Farmington, CT 06032-1054 | CT | 2000-03 | $9 |
| 11 | Lucien B & Katherine E Price Foundation Inc | PO BOX 790, Manchester, CT 06045-0790 | CT | 1940-02 | $1,533,651 |
| 12 | Lucinda Foundation Ltd | 209 W Lyon Farm Dr, Greenwich, CT 06831-4353 | CT | 2007-01 | $381,043 |
| 13 | Lucy Pang Yoa Chang Foundation | 134 East Ave, Norwalk, CT 06851-5714 | CT | 1987-06 | $12 |
| 14 | Lucy Robbins Welles Library Inc | 95 Cedar St, Newington, CT 06111-2603 | CT | 1960-04 | $47,903 |
| 15 | Lukaj Foundation Inc | Four Landmark Square, Stamford, CT 06901-2502 | CT | 2002-08 | $40,450 |
| 16 | Lulac Head Start Inc | 250 Cedar St, New Haven, CT 06519-1632 | CT | 1988-07 | $5,559,039 |
| 17 | Lurito Family Foundation | 15 Stoney Wylde Ln, Greenwich, CT 06830-3408 | CT | 2000-03 | $55,524 |
| 18 | Ascentria Care Alliance Inc, Lutheran Home Of Southbury Inc | 990 Main St N, Southbury, CT 06488-1267 | CT | 1983-09 | $10,845,455 |
| 19 | Ascentria Care Alliance Inc | 624 Congdon Street West, Middletown, CT 06457-1967 | CT | 1983-09 | $689,150 |
| 20 | Ascentria Care Alliance Inc, Lutheran Assisted Living At Middlet | 628 Congdon Street West, Middletown, CT 06457-7939 | CT | 1983-09 | $1,006,427 |
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