Lgt Foundation in Lake Success, New York (NY)
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 New York
| Lgt Foundation | |
| Employer Identification Number (EIN) | 061281494 |
| Name of Organization | Lgt Foundation |
| In Care of Name | Sosin Kriegel |
| Address | 3000 Marcus Ave Ste 2e4, Lake Success, NY 11042-1005 |
| Activities | Art exhibit |
| Subsection | Charitable Organization |
| Ruling Date | 06/1991 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 07/2014 |
| Assets | $5,000,000 to $9,999,999 |
| Income | $1,000,000 to $4,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $8,479,235 |
| Amount of Income | $1,576,355 |
| Form 990 Revenue Amount | $5,134,978 |
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 | $133,237 | $133,098 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $42,351 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $139 | |||
| Other | $90,747 | |||
| Total expenses and disbursements | $270,658 | $4,933 | $0 | $180,307 |
| Compensation of officers, directors, trustees, etc. | $65,000 | |||
| Total operating and administrative expenses | $244,548 | $4,933 | $154,197 | |
| Contributions, gifts, grants paid | $26,110 | |||
| Excess of revenue over expenses and disbursements | $-137,421 | |||
| Net investment income | $128,165 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $5,427,741 | $5,702,894 |
| Cash - non-interest-bearing | $21,133 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $2,188,246 | |
| Investments-corporate bonds | $178,939 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $3,039,423 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $5,427,741 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $90,747 |
| 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 | $1,282 |
| Total credits and payments | $8,249 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $8,249 |
| 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 | $6,967 |
| Amount to be credited to 2013 estimated tax | $6,967 |
| 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 | $2,726,311 |
| Net value of noncharitable-use assets | $2,685,420 |
| Minimum investment return | $134,271 |
| Distributable Amount (for 2012) | |
| Distributable amount | $132,989 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $132,989 |
| 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 New York | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Lexington Foundation Inc | 465 N Perry St, Johnstown, NY 12095-1014 | NY | 1995-02 | $3,093,656 |
| 2 | Lexington Hearing And Speech Center Inc | 2626 75th St, East Elmhurst, NY 11370-1427 | NY | 1987-04 | $1,141,139 |
| 3 | Lexington School For The Deaf | 30th Avenue And 75th Street, Jackson Heights, NY 11370 | NY | 1971-11 | $2,658,669 |
| 4 | Lexington Vocational Services Center Inc | 30th Avenue And 75th Street, Jackson Heights, NY 11370 | NY | 1997-04 | $1,649,445 |
| 5 | Lexy Foundation Inc | 63 Putnam St Ste 103, Saratoga Spgs, NY 12866-7156 | NY | 2003-06 | $505 |
| 6 | Leyli Foundation | 93 Mercer St Apt 2e, New York, NY 10012-4452 | NY | 2007-05 | $306,153 |
| 7 | Lf Charitable Foundation | 1295 E 10th St, Brooklyn, NY 11230-4718 | NY | 2001-01 | $555 |
| 8 | Lg-Mep Family Foundation | C/O Darren Berger 1350 Avenue Of, New York, NY 10019 | NY | 2002-02 | $112 |
| 9 | Lgbt Youth Out Loud, Live Out Loud | 570 7th Avenue 9th Floor, New York, NY 10018-1614 | NY | 2004-02 | $477,561 |
| 10 | Lgfsm Corp | 1318 Avenue J, Brooklyn, NY 11230-3635 | NY | 2005-04 | $1 |
| 11 | Lgt Foundation | 3000 Marcus Ave Ste 2e4, Lake Success, NY 11042-1005 | NY | 1991-06 | $1,576,355 |
| 12 | Lhhn Medical P C | 215 E 95th St, New York, NY 10128-4077 | NY | 2002-08 | $18,400,481 |
| 13 | Li Foundation Inc | 57 Glen St Ste 1, Glen Cove, NY 11542-2785 | NY | 1946-03 | $2,281,878 |
| 14 | Li Ladies Soccer League Inc | 1425 Old Country Rd, Plainview, NY 11803-5010 | NY | 2009-07 | $98,016 |
| 15 | Li Zoological Society Inc The Anima L Farm | 296 Wading River Rd, Manorville, NY 11949-3433 | NY | 1985-07 | $261,004 |
| 16 | Lia Foundation, Long Island Association M T Crosson | 300 Broadhollow Road, Melville, NY 11747-4824 | NY | 2000-07 | $38,425 |
| 17 | Liafo Foundation | 434 Park Lane, Massapequa Park, NY 11762 | NY | 2003-08 | $36,312 |
| 18 | Libby Holman Foundation Inc | 121 E 61st St, New York, NY 10065-8143 | NY | 1962-06 | $913,308 |
| 19 | Liberal Do-Gooder Foundation | 12 Clinton Ave Apt A, Dobbs Ferry, NY 10522-2204 | NY | 2004-04 | $201,545 |
| 20 | Liberian Cultural Association Inc | 488 Van Duzer Street, Staten Island, NY 10304 | NY | 2003-10 | $20,000 |
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