Karen George Milazzo Foundation in Lutcher, Louisiana (LA)
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
| Karen George Milazzo Foundation | |
| Employer Identification Number (EIN) | 270101645 |
| Name of Organization | Karen George Milazzo Foundation |
| In Care of Name | Tony D Millazzo |
| Address | PO BOX 526, Lutcher, LA 70071-0526 |
| Subsection | Charitable Organization |
| Ruling Date | 07/2005 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Tax Period | 07/2011 |
| Assets | $10,000 to $24,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $18,087 |
| Amount of Income | $8,884 |
| Form 990 Revenue Amount | $8,884 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Corporate Foundations |
Non-representatives - add comments:
Amount of income in 2011: $8,884 (it was $8,034 in 2010)
| Karen George Milazzo Foundation: | $8,884 |
| Other organizations performing similar types of work: | $107,502 |
Assets in 2011: $18,087 (it was $25,378 in 2010)
| This organization: | $18,087 |
| Other organizations performing similar types of work: | $322,766 |
Expenses in 2011: $1,600
| Karen George Milazzo Foundation: | $1,600 |
| Other organizations performing similar types of work: | $58,249 |
Income to expenses ratio in 2011: 5.6
| This organization: | 5.6 |
| Other organizations performing similar types of work: | 2.0 |
Grants share in income in 2011: 86.5%
| Karen George Milazzo Foundation: | 86.5% |
| Other organizations performing similar types of work: | 98.7% |
Revenue 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 | $8,884 | $1,200 | $1,200 | |
| Contributions, gifts, grants, etc., received | $7,684 | |||
| Interest on savings and temporary cash investments | $1,200 | |||
| Dividends and interest from securities | $0 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $1,600 | $0 | $0 | $1,600 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $0 | $0 | $0 | |
| Contributions, gifts, grants paid | $1,600 | |||
| Excess of revenue over expenses and disbursements | $7,284 | |||
| Net investment income | $1,200 | |||
| Adjusted net income | $1,200 | |||
| Balance Sheets (for 2011) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $18,087 | $18,087 |
| Cash - non-interest-bearing | $5,587 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $12,500 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $18,087 | |
| Capital Gains and Losses for Tax on Investment Income (for 2011) | |
| Capital gain net income | $0 |
| 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 | $24 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $24 |
| Amount to be credited to 2012 estimated tax | $0 |
| 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 | $0 |
| Net value of noncharitable-use assets | $0 |
| Minimum investment return | $0 |
| Distributable Amount (for 2011) | |
| Distributable amount | $-24 |
| Undistributed Income (for 2011) | |
| Distributable amount for 2011 | $-24 |
| Undistributed income for 2011. This amount must be distributed in 2012 | $0 |
| 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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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Entergy Charitable Foundation | 639 Loyola Ave Ste L Ent 8a, New Orleans, LA 70113-3125 | LA | 2001-07 | $5,387,742 |
| 2 | Zuschlag Family Foundation | 108 Astoria Loop, Lafayette, LA 70508-7302 | LA | 2002-08 | $597,091 |
| 3 | A-Kids-Choice Foundation Tr, Denise M Bankston Ttee | 401 Market St Ste 800, Shreveport, LA 71101-3274 | LA | 2012-06 | $391,025 |
| 4 | Petkauskas Foundation | 3700 Orleans Ave Apt 5448, New Orleans, LA 70119-4872 | LA | 2014-12 | $70,000 |
| 5 | Robert A Katz Memorial Foundation | 1671 Robert St, New Orleans, LA 70115-4974 | LA | 2003-01 | $13,694 |
| 6 | Karen George Milazzo Foundation | PO BOX 526, Lutcher, LA 70071-0526 | LA | 2005-07 | $8,884 |
| 7 | Elizabeth And Ernest Estes Foundation | 1515 River Oaks Rd E, Harahan, LA 70123-2167 | LA | 2009-03 | $607 |
| 8 | Henry And Pamela Bonura Foundation | 1907 Octavia St, New Orleans, LA 70115-5651 | LA | 2000-11 | $4 |
| 9 | Mckernan Foundation | 8710 Jefferson Hwy, Baton Rouge, LA 70809-2233 | LA | 2001-08 | $1 |
| 10 | Saretha Hommel Foundation | 17508 Highway 102, Jennings, LA 70546-8212 | LA | 2008-09 | $1 |
| 11 | Thomas J Moran Family Foundation | 737 Highlandia Dr, Baton Rouge, LA 70810-5913 | LA | 2011-09 | $1 |
| 12 | Citadel Foundation Inc | 3516 Hessmer, Metairie, LA 70002 | LA | 2011-01 | $0 |
| 13 | Deep South Equipment Company | PO BOX 29365, New Orleans, LA 70189-0365 | LA | 2007-05 | $0 |
| 14 | Deep South Equipment Company Fund For Katrina Victims | 6861 Greenwood Rd, Shreveport, LA 71119-8310 | LA | 2007-05 | $0 |
| 15 | Dr Theodore P Robinson Educational Foundation, Teddy Rehabilitation Services | 11908 Kingston Dr, Baton Rouge, LA 70807-2075 | LA | 1995-03 | $0 |
| 16 | Kirkpatrick Community Opportunity Foundation Inc | 1946 Mason Dr, Haynesville, LA 71038-6012 | LA | 2003-03 | $0 |
| 17 | Louisiana Policy Foundation Inc | 1720 Nicholson Drive Unit 26, Baton Rouge, LA 70802 | LA | 2008-12 | $0 |
| 18 | Million Dollar Rose | PO BOX 829, Leesville, LA 71496-0829 | LA | 2001-06 | $0 |
| 19 | New Orleans Youth All-Star Saints | 1515 Pratt Street, Gretna, LA 70053 | LA | 2004-12 | $0 |
| 20 | South East Louisiana Buckmasters | 2113 Cherie Drd, Hammond, LA 70401 | LA | 1999-03 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 3,013 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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