The Laurel Foundation in Austin, Texas (TX)
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 Texas
| The Laurel Foundation | |
| Employer Identification Number (EIN) | 742448353 |
| Name of Organization | The Laurel Foundation |
| Address | 401 Brady Ln, Austin, TX 78746-5501 |
| Activities | Community Chest, United Way, etc. |
| Subsection | Charitable Organization |
| Ruling Date | 03/1988 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2010 |
| Assets | $25,000 to $99,999 |
| Income | $10,000 to $24,999 |
| Filing Requirement | 990 - Not required to file (all other) (990-PF required) |
| Asset Amount | $60,792 |
| Amount of Income | $22,429 |
| Form 990 Revenue Amount | $5,411 |
Non-representatives - add comments:
Revenue for 2011
Expenses 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 | $5,411 | $5,411 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $2 | |||
| Dividends and interest from securities | $1,282 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $4,127 | |||
| Total expenses and disbursements | $6,356 | $3,356 | $0 | $3,000 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $3,356 | $3,356 | $0 | |
| Contributions, gifts, grants paid | $3,000 | |||
| Excess of revenue over expenses and disbursements | $-945 | |||
| Net investment income | $2,055 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2011) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $59,847 | $60,789 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $14,414 | |
| Investments-corporate stock | $43,767 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $1,666 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $59,847 | |
| Capital Gains and Losses for Tax on Investment Income (for 2011) | |
| Capital gain net income | $4,127 |
| 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 | $41 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $41 |
| 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 | $66,556 |
| Net value of noncharitable-use assets | $65,560 |
| Minimum investment return | $3,278 |
| Distributable Amount (for 2011) | |
| Distributable amount | $3,237 |
| Undistributed Income (for 2011) | |
| Distributable amount for 2011 | $3,237 |
| Undistributed income for 2011. This amount must be distributed in 2012 | $112 |
| 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 Texas | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | The Justice Foundation | 7210 Louis Pasteur Dr, San Antonio, TX 78229-4536 | TX | 1994-10 | $397,153 |
| 2 | The Khabele School | 801 Rio Grande St, Austin, TX 78701-2219 | TX | 2002-04 | $3,676,232 |
| 3 | The Kids Ark | 104 Banyan Ct, Victoria, TX 77901-3702 | TX | 2007-04 | $51,443 |
| 4 | The Kings House | PO BOX 131782, Tyler, TX 75713-1782 | TX | 1987-04 | $422,666 |
| 5 | The Kudla Family Charitable Foundation | 9901 Ih-10 West No 800, San Antonio, TX 78230-2292 | TX | 2009-10 | $418,915 |
| 6 | The Lanoe & Paul Scherer Family Foundation Inc | 3129 Honey Tree Ln, Austin, TX 78746-6744 | TX | 2009-03 | $22,078 |
| 7 | The Laredo Animal Protective Society | 2500 Gonzalez St, Laredo, TX 78040-4740 | TX | 1956-02 | $405,851 |
| 8 | The Laredo Area Community Foundation | PO BOX 450223, Laredo, TX 78045-0005 | TX | 2001-02 | $3,851,696 |
| 9 | The Larry And Pat Mcneil Foundation | PO BOX 779, Corp Christi, TX 78403-0779 | TX | 1981-04 | $1,091,249 |
| 10 | The Laura B And Daniel D Boeckman Foundation | 2911 Turtle Creek Blvd Ste 1240, Dallas, TX 75219-6277 | TX | 2001-08 | $-6,997 |
| 11 | The Laurel Foundation | 401 Brady Ln, Austin, TX 78746-5501 | TX | 1988-03 | $22,429 |
| 12 | The Lawyer Referral Service Of Central Texas Inc | Central Texas 816 Congress Avenue S, Austin, TX 78701 | TX | 1979-09 | $420,536 |
| 13 | The Lee And Carolyn Goodman Foundation | 121 Ne Loop 820 Ste 300, Hurst, TX 76053-7351 | TX | 1986-07 | $9,300 |
| 14 | The Lehrfeld Foundation | 3202 Midlane St, Houston, TX 77027-5612 | TX | 2002-01 | $7,629 |
| 15 | The Lester And Lucille Phillips Family Foundation | PO BOX 920800, Houston, TX 77292-0800 | TX | 2000-10 | $89,368 |
| 16 | The Lester And Sue Smith Foundation | 1001 Fannin St Ste 3850, Houston, TX 77002-6799 | TX | 2003-11 | $1,555,660 |
| 17 | The Lester Foundation, Pendergraft Harold Ttee | PO BOX 13898, Arlington, TX 76094-0898 | TX | 1994-10 | $1,471 |
| 18 | The Light Of God Ministries Of Texas Inc | 606 Canton, San Antonio, TX 78202-3105 | TX | 2003-07 | $12,412 |
| 19 | The Little Light House Denton Inc | 37 Oak Forrest Circle, Denton, TX 76210 | TX | 2008-04 | $47,800 |
| 20 | The Lon And Susan Smith Family Foundation, Smith Lon S Md Ttee | 143 Park Hill Dr, San Antonio, TX 78212-2558 | TX | 1997-07 | $252,579 |
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