Leonard And Cecelia Polster Family Foundation in Beachwood, Ohio (OH)
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 Ohio
| Leonard And Cecelia Polster Family Foundation | |
| Employer Identification Number (EIN) | 341864680 |
| Name of Organization | Leonard And Cecelia Polster Family Foundation |
| In Care of Name | Leonard Polster |
| Address | 11 Hyde Park, Beachwood, OH 44122-7520 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 06/1998 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2010 |
| Assets | $1 to $9,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) (990-PF required) |
| Asset Amount | $3,705 |
| Amount of Income | $130,628 |
| Form 990 Revenue Amount | $53,103 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Named Trusts/Foundations (Not Elsewhere Classified) |
Non-representatives - add comments:
Revenue for 2011
Expenses 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 | $53,103 | $25,522 | $0 | |
| Contributions, gifts, grants, etc., received | $27,403 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $345 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $178 | |||
| Other | $25,177 | |||
| Total expenses and disbursements | $30,676 | $164 | $0 | $30,155 |
| Compensation of officers, directors, trustees, etc. | $218 | |||
| Total operating and administrative expenses | $1,076 | $164 | $555 | |
| Contributions, gifts, grants paid | $29,600 | |||
| Excess of revenue over expenses and disbursements | $22,427 | |||
| Net investment income | $25,358 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2011) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $7,379 | $32,955 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $7,379 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $7,379 | |
| Capital Gains and Losses for Tax on Investment Income (for 2011) | |
| Capital gain net income | $25,177 |
| 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 | $507 |
| Total credits and payments | $180 |
| 2011 estimated tax payments and 2010 overpayment credited to 2011 | $180 |
| 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 | $327 |
| 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? | Yes |
| 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 | $48,381 |
| Net value of noncharitable-use assets | $47,660 |
| Minimum investment return | $2,383 |
| Distributable Amount (for 2011) | |
| Distributable amount | $1,876 |
| Undistributed Income (for 2011) | |
| Distributable amount for 2011 | $1,876 |
| 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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| Other organizations in Ohio | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Lenadre A Du Mouchel, Key Trust Company | 4900 Tiedeman Rd, Brooklyn, OH 44144-2338 | OH | $15,776 | |
| 2 | Lenore And Norman Berke Charitable Foundation Inc | 1444 W 10th St Apt 406, Cleveland, OH 44113-1263 | OH | 1994-12 | $62,991 |
| 3 | Lenox Historical Society | PO BOX 58, Jefferson, OH 44047-0058 | OH | 1985-04 | $2,773 |
| 4 | Leo And Katherine Gallagher 1-1896 Char Tr | 4900 Tiedeman Rd, Brooklyn, OH 44144-2338 | OH | 1971-10 | $358,570 |
| 5 | Leo J Linberger Student Fund | PO BOX 1558, Columbus, OH 43216-1558 | OH | 1983-08 | $35 |
| 6 | Leo W Dunlap Testamentary Trust, Johnston Ross & Linda K Weiler Ttee | 1630 Stonewall Dr, Newark, OH 43055-1725 | OH | 1993-09 | $739,103 |
| 7 | Leo Yassenoff Foundation | 1484 Glenn Ave, Columbus, OH 43212-6702 | OH | 1949-10 | $763 |
| 8 | Leon A Mcdermott Charitable Tr 27m003003 | 4900 Tiedeman Rd Oh 01 49 0150, Brooklyn, OH 44144 | OH | $201,086 | |
| 9 | Leon-Latino Empowerment Outreach Network | Po Box 16215, Columbus, OH 43216 | OH | 2005-09 | $0 |
| 10 | Leona Higginbotham Charitable Tr | PO BOX 630858, Cincinnati, OH 45263-0001 | OH | 1999-11 | $865,357 |
| 11 | Leonard And Cecelia Polster Family Foundation | 11 Hyde Park, Beachwood, OH 44122-7520 | OH | 1998-06 | $130,628 |
| 12 | Leonard And Joan Horvitz Foundation | 6095 Parkland Blvd Ste 300, Mayfield Hts, OH 44124-6140 | OH | 1999-07 | $7 |
| 13 | Leonard And Susan Fuchs Mizrachi School | 26600 Shaker Blvd, Beachwood, OH 44122-7118 | OH | 1984-01 | $11,634,956 |
| 14 | Leonard C & Mildred F Ferguson Foundation | 7 Easton Oval Ea4e86, Columbus, OH 43219-6010 | OH | 1999-10 | $3,439,855 |
| 15 | Leonard C Hanna Jr Cleveland Mall Beautification Fund | PO BOX 94651, Cleveland, OH 44101-4651 | OH | 1964-11 | $677,213 |
| 16 | Leonard C Hanna Jr Findal Fund | PO BOX 94651, Cleveland, OH 44101-4651 | OH | 1966-07 | $83,960 |
| 17 | Leonard J & Barbara A Cyterski Memorial Scholarship Fund | 4933 Waldamere Ave, Willoughby, OH 44094-5748 | OH | 2005-01 | $8 |
| 18 | Leonora Ford Bland And W Jennings Bland Scholarship Trust, Blanchard Van & L B Philabaum Ttees | PO BOX 1621, Coshocton, OH 43812-6621 | OH | 1993-02 | $305,241 |
| 19 | Leonora H Knowles Trust A | 4900 Tiedeman Rd, Brooklyn, OH 44144-2338 | OH | 1987-06 | $105,516 |
| 20 | Leonora Knowles Trust B 10-10-20-0605180 | 4900 Tiedeman Rd, Brooklyn, OH 44144-2338 | OH | 1987-06 | $1,657,952 |
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