Lombard Family Foundation in Needham, Massachusetts (MA)
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 Massachusetts
| Lombard Family Foundation | |
| Employer Identification Number (EIN) | 043031796 |
| Name of Organization | Lombard Family Foundation |
| In Care of Name | Rinet Company Inc |
| Address | 14 Bridle Trail Rd, Needham, MA 02492-1412 |
| Subsection | Charitable Organization |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Association |
| Exempt Organization Status | Trust described in section 4947(a)(2) of the IR Code |
| Tax Period | 12/2013 |
| Assets | $500,000 to $999,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $614,969 |
| Amount of Income | $104,201 |
| Form 990 Revenue Amount | $6,892 |
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 | $227,731 | $227,731 | $165,023 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $1 | |||
| Dividends and interest from securities | $164,822 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $200 | |||
| Other | $62,708 | |||
| Total expenses and disbursements | $45,737 | $1,737 | $1,737 | $44,000 |
| Compensation of officers, directors, trustees, etc. | $1,685 | |||
| Total operating and administrative expenses | $1,737 | $1,737 | $0 | |
| Contributions, gifts, grants paid | $44,000 | |||
| Excess of revenue over expenses and disbursements | $181,994 | |||
| Net investment income | $225,994 | |||
| Adjusted net income | $163,286 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $659,116 | $648,327 |
| Cash - non-interest-bearing | $27,049 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $100,000 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $20,127 | |
| Other | $511,940 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $659,116 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $62,708 |
| 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 | $4,520 |
| Total credits and payments | $155 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $155 |
| 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 | $4,365 |
| 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 | $652,766 |
| Net value of noncharitable-use assets | $642,980 |
| Minimum investment return | $32,149 |
| Distributable Amount (for 2012) | |
| Distributable amount | $27,629 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $27,629 |
| 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 Massachusetts | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Little League Baseball Inc, Merrimac Baseball Inc | Po Box 146, Merrimac, MA 01860 | MA | 1967-01 | $0 |
| 2 | Little League Baseball Inc | PO BOX 314, Lunenburg, MA 01462 | MA | 1967-01 | $0 |
| 3 | Little League Baseball Inc, 2210501 Auburn Ll | PO BOX 209, Auburn, MA 01501-0209 | MA | 1967-01 | $99,683 |
| 4 | Little League Baseball Inc, 2211106 Westwood Ll | PO BOX 413, Westwood, MA 02090-0413 | MA | 1981-05 | $119,899 |
| 5 | Little League Baseball Inc, 2211317 Woburn Ll | PO BOX 140, Woburn, MA 01801-0240 | MA | 1967-01 | $168,021 |
| 6 | Little League Baseball Inc, West Lynn Little League | 67 Lowell St, Lynn, MA 01905 | MA | 1967-01 | $0 |
| 7 | Little League Baseball Inc, Byfield-Newbury Little League Inc | 210 Union Wharf, Boston, MA 02109 | MA | 1967-01 | $0 |
| 8 | Littleton Youth Baseball | PO BOX 1195, Littleton, MA 01460-0795 | MA | 2005-08 | $14,176 |
| 9 | Livable Streets Transportation Alliance Of Boston Inc | 70 Pacific St, Cambridge, MA 02139-4204 | MA | 2005-12 | $146,780 |
| 10 | Logistics For Global Good Inc | 92 Montvale Ave, Stoneham, MA 02180-3647 | MA | 2010-07 | $0 |
| 11 | Lombard Family Foundation | 14 Bridle Trail Rd, Needham, MA 02492-1412 | MA | $104,201 | |
| 12 | Lombardi Paris Foundation | 807 Turnpike St, North Andover, MA 01845-6131 | MA | 2010-10 | $46,524 |
| 13 | Lookout Bluff Property Owners Association Inc | PO BOX 419, North Truro, MA 02652-0419 | MA | 2000-10 | $6,450 |
| 14 | Lord & Benoit Charitable Foundation | 1 W Boylston Street, Worcester, MA 01605-1265 | MA | 2009-11 | $1 |
| 15 | Lovin Spoonfuls Inc | 418 Commonwealth Ave, Boston, MA 02215-2801 | MA | 2010-04 | $959,235 |
| 16 | Lower Cape Community Access Television Inc | PO BOX 1661, North Eastham, MA 02651-1661 | MA | 2011-02 | $373,811 |
| 17 | Ludlow Elementary Schools Parent Teacher Organization, East Street Elementary School | 508 East Street, Ludlow, MA 01056 | MA | 1996-05 | $215,201 |
| 18 | Lyme Awareness Of Cape Cod Inc | 20 Wheeler Rd, Mashpee, MA 02649-4336 | MA | 2009-05 | $107,878 |
| 19 | Lynnfield Youth Lacrosse Association Inc | 7 Candlewood Rd, Lynnfield, MA 01940-2401 | MA | 2009-03 | $34,410 |
| 20 | Ma-Aua Education Fund Inc | 900 Cummings Center No 221-U, Beverly, MA 01915 | MA | 2008-09 | $1,406,756 |
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