Louis C Lerner Foundation in Boca Raton, Florida (FL)
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 Florida
| Louis C Lerner Foundation | |
| Employer Identification Number (EIN) | 046282473 |
| Name of Organization | Louis C Lerner Foundation |
| In Care of Name | Lerner & Company |
| Address | 315 S E Mizner Blvd, Boca Raton, FL 33432-5008 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 03/1972 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2014 |
| Assets | $100,000 to $499,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $332,495 |
| Amount of Income | $33 |
| Form 990 Revenue Amount | $2,670 |
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 | $4,599 | $4,599 | $4,599 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $4,569 | |||
| Dividends and interest from securities | $30 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $7,984 | $0 | $0 | $7,931 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $6,184 | $0 | $6,131 | |
| Contributions, gifts, grants paid | $1,800 | |||
| Excess of revenue over expenses and disbursements | $-3,385 | |||
| Net investment income | $4,599 | |||
| Adjusted net income | $4,599 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $375,661 | $375,661 |
| Cash - non-interest-bearing | $6,026 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $369,635 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $375,661 | |
| 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 | $92 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $92 |
| 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 | $378,117 |
| Net value of noncharitable-use assets | $372,440 |
| Minimum investment return | $18,622 |
| Distributable Amount (for 2012) | |
| Distributable amount | $18,530 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $18,530 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $16,708 |
| 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 Florida | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Lou Gehrigs Disease Association Of Southwest Florida Inc | 3921 Nelson Ave, Sarasota, FL 34231 | FL | 2000-08 | $0 |
| 2 | Lou Parsell Foundation Inc | PO BOX 413032, Naples, FL 34101-3032 | FL | 2001-04 | $8,639 |
| 3 | Loubess Foundation Inc | 3201 Ne 183rd St Apt 902, Aventura, FL 33160-2530 | FL | 1953-02 | $13,854 |
| 4 | The Louie Bing Athletic Scholarship Fund Inc | 10500 Sw 164th St, Miami, FL 33157-3053 | FL | 1997-08 | $33,166 |
| 5 | Louie R & Gertrude Morgan Foundation Inc | PO BOX 550, Arcadia, FL 34265-0550 | FL | 1962-09 | $204,156 |
| 6 | Louines Louinis Haitian Dance Theater Inc | 9310 Nw 10 Street, Pembroke Pines, FL 33024 | FL | 2007-09 | $1,150 |
| 7 | Louis & Lillian Detkin Foundation Inc % Louis Detkin | 17426 Via Capri E, Boca Raton, FL 33496-1651 | FL | 1957-01 | $87,694 |
| 8 | Louis And Ida Katz Foundation | 1208 Northport Dr, Sarasota, FL 34242-1705 | FL | 1944-10 | $50,493 |
| 9 | Louis B Buck Vocelle Foundation Inc, Indian River Academy | 1849 25th St, Vero Beach, FL 32960-0311 | FL | 2000-04 | $354,739 |
| 10 | Louis C And Virginia M Wymancharitable Foundation, Virginia M Wyman Ttee | 8650 Falcon Green Dr, West Palm Bch, FL 33412-1576 | FL | 2007-11 | $1 |
| 11 | Louis C Lerner Foundation | 315 S E Mizner Blvd, Boca Raton, FL 33432-5008 | FL | 1972-03 | $33 |
| 12 | Louis C Skinner Foundation Inc | PO BOX 145058, Coral Gables, FL 33114-5058 | FL | 1986-02 | $98,951 |
| 13 | Louis D Koeppel Foundation Inc | 400 S Australian Ave Ste 300, West Palm, FL 33401-5040 | FL | 1965-03 | $15 |
| 14 | Louis D Myerley Tes Trust Uw 52 7030036 | PO BOX 1908, Orlando, FL 32802-1908 | FL | $222,468 | |
| 15 | Louis E And Patrice J Wolfson Foundation Inc | 10205 Collins Ave, Bal Harbour, FL 33154-1403 | FL | 1983-11 | $1 |
| 16 | Louis J Appignani Foundation Inc | 1643 Brickell Ave, Miami, FL 33129-1243 | FL | 2001-11 | $591,241 |
| 17 | Louis J Kuriansky Foundation Inc | 1100 E Las Olas Blvd, Fort Lauderdale, FL 33301-2301 | FL | 1993-01 | $1,770,748 |
| 18 | Louis Leibowitz Memorial Charitable Tr, Michael B Goldstein Ttee | 2121 Ponce De Leon Blvd Ste 1100, Coral Gables, FL 33134-5213 | FL | 1987-09 | $542,629 |
| 19 | Louis M Dexter Memorial Foundation Inc | 1514 Wildwood Ln, Naples, FL 34105-3207 | FL | 1998-02 | $214,563 |
| 20 | Louis Portnoy Family Foundation Inc | 2817 Forest Mill Ln, Jacksonville, FL 32257-5758 | FL | 1979-06 | $759,940 |
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