L & M Foundation in Phoenix, Arizona (AZ)
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 Arizona
| L & M Foundation | |
| Employer Identification Number (EIN) | 046029209 |
| Name of Organization | L & M Foundation |
| In Care of Name | Joan Berkowitz |
| Address | 12212 N Paradise Vallage S 233, Phoenix, AZ 85032 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization, Educational Organization, Literary Organization |
| Ruling Date | 05/1963 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $25,000 to $99,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $65,113 |
| Amount of Income | $69,729 |
| Form 990 Revenue Amount | $8,472 |
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 | $12,761 | $12,066 | $10,283 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $2,876 | |||
| Dividends and interest from securities | $777 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $6,630 | |||
| Other | $2,478 | |||
| Total expenses and disbursements | $15,823 | $1,576 | $1,576 | $14,247 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $2,576 | $1,576 | $1,000 | |
| Contributions, gifts, grants paid | $13,247 | |||
| Excess of revenue over expenses and disbursements | $-3,062 | |||
| Net investment income | $10,490 | |||
| Adjusted net income | $8,707 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $71,611 | $176,907 |
| Cash - non-interest-bearing | $10,278 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $66,613 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $-5,280 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $71,611 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $2,478 |
| 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 | $210 |
| Total credits and payments | $400 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $400 |
| 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 | $190 |
| Amount to be credited to 2013 estimated tax | $190 |
| 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 | $112,466 |
| Net value of noncharitable-use assets | $110,780 |
| Minimum investment return | $5,539 |
| Distributable Amount (for 2012) | |
| Distributable amount | $0 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $0 |
| 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 Arizona | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Langerman Foundation | 4506 N 12th St, Phoenix, AZ 85014-4201 | AZ | 1968-02 | $99,318 |
| 2 | Kayser Family Foundation Inc | 8216 E Sands Dr, Scottsdale, AZ 85255-4202 | AZ | 2001-08 | $9,991 |
| 3 | Kullberg Family Foundation | 6444 N 79th St, Scottsdale, AZ 85250-7919 | AZ | 1988-05 | $14,731 |
| 4 | Land Economics Foundation Of Lambda Alpha -All Chapters- | 13835 N Tatum Blvd Room 9-448, Phoenix, AZ 85032-0413 | AZ | 1965-04 | $48,105 |
| 5 | Lambda Alpha International | PO BOX 72720, Phoenix, AZ 85050-1029 | AZ | 1968-11 | $307,457 |
| 6 | Kitties In Need Of Someone Special Inc, Kiss Inc | 766 Four Winds Cir, Sierra Vista, AZ 85635-1660 | AZ | 2006-09 | $17,405 |
| 7 | Knueven Family Foundation Inc | 144 15 North Blazing Canyon Drive, Oro Valley, AZ 85755 | AZ | 1998-03 | $1 |
| 8 | Kanter-Plaut Foundation Inc Herbert C Kantor Esq | 17930 N Catalina Ct, Surprise, AZ 85374-3316 | AZ | 1963-12 | $258,000 |
| 9 | Lambda Chi Alpha Fraternity Inc, Alpha Gamma Zeta House Corp | 2731 E Capricorn Pl, Chandler, AZ 85249-5249 | AZ | 1941-01 | $34,713 |
| 10 | Kearny Alliance Inc | 14901 North Scottsdale Road Room 20, Scottsdale, AZ 85254-2718 | AZ | 2003-03 | $458,609 |
| 11 | L & M Foundation | 12212 N Paradise Vallage S 233, Phoenix, AZ 85032 | AZ | 1963-05 | $69,729 |
| 12 | Kaiser-Frazier Owners Club International Inc | 818 W Laguna Azul Ave, Mesa, AZ 85210-7108 | AZ | 1989-07 | $54,536 |
| 13 | Lapaz Regional Hospital Auxiliary | PO BOX 1606, Parker, AZ 85344-1606 | AZ | $108,392 | |
| 14 | Larcher Family Foundation | 2425 E Camelback Rd Ste 750, Phoenix, AZ 85016-4261 | AZ | 2006-02 | $594,810 |
| 15 | Las Calientes | 2022 S Ellsworth Ave, Thatcher, AZ 85552-5281 | AZ | 2008-10 | $0 |
| 16 | Las Damas Inc | PO BOX 2040, Wickenburg, AZ 85358-2040 | AZ | 1971-06 | $57,416 |
| 17 | Las Fuentes Health Clinic Of Guadalupe | 8625 S Avenida Del Yaqui Bldg2, Guadalupe, AZ 85283-2504 | AZ | 1997-03 | $250,404 |
| 18 | Las Palomas | 7349 N Via Paseo Del Sur 515, Scottsdale, AZ 85258 | AZ | 2009-06 | $0 |
| 19 | Las Salas Inc | 9424 N 7th Ave, Phoenix, AZ 85021-3109 | AZ | 1994-11 | $478,976 |
| 20 | Las School Foundation | 7301 E Baseline Rd, Mesa, AZ 85209-4907 | AZ | 2004-07 | $953,408 |
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