LSF FOUNDATION: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization: LSF FOUNDATION (EIN 76-0506645)
Tax period: 2023-01-01 to 2023-12-31
Filed: 2024-04-05
IRS object ID: 202400969349100340
Schema version: 2023v5.0
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990-PF
Accounting Fees Schedule
Other Increases Schedule
Other Professional Fees Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2024-04-05T16:03:03-07:00	ReturnTs
Tax Period End	2023-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	452406032	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	Cantrell & Cantrell PLLC	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	3700 Buffalo Speedway Suite 1000	AddressLine1Txt
City	Houston	CityNm
State Abbreviation	TX	StateAbbreviationCd
ZIP	77098	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnTypeCd
Tax Period Begin	2023-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	760506645	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	LSF Foundation	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	LSFF	BusinessNameControlTxt
Phone	7134646441	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	11303 Williamsburg Dr	AddressLine1Txt
City	Houston	CityNm
State Abbreviation	TX	StateAbbreviationCd
ZIP	77024	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	Lisa M Frantz	PersonNm
Person Title	President	PersonTitleTxt
Signature	2024-04-05	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Field	Value	IRS element (for citing)
Person First	Lisa M	PersonFirstNm
Person Last	Frantz	PersonLastNm

Field	Value	IRS element (for citing)
SSN	999009999	SSN

Field	Value	IRS element (for citing)
IRS Responsible Prty Info Curr	Yes (true)	IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	Carol Cantrell CPA JD	PreparerPersonNm
PTIN	P00047256	PTIN
Phone	7133330555	PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

Field	Value	IRS element (for citing)
Trusted Customer	0	TrustedCustomerCd
Authentication Assurance Level	AAL1	AuthenticationAssuranceLevelCd
Identity Assurance Level	IAL1	IdentityAssuranceLevelCd
Federated Assurance Level	FAL1	FederatedAssuranceLevelCd

Field	Value	IRS element (for citing)
Tax	2023	TaxYr
Build TS	2023-04-26 12:10:37Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
FMV Assets EOY	$21,652,165	FMVAssetsEOYAmt
Method Of Accounting Cash	Yes (X)	MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Schedule B Not Required	Yes (X)	ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss	$94,851	InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm	$94,851	InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm	$94,851	InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss	$419,378	DividendsRevAndExpnssAmt
Dividends Net Invst Incm	$419,378	DividendsNetInvstIncmAmt
Dividends Adj Net Incm	$419,378	DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss	-$653,614	NetGainSaleAstRevAndExpnssAmt
Total Rev And Expnss	-$139,385	TotalRevAndExpnssAmt
Total Net Invst Incm	$514,229	TotalNetInvstIncmAmt
Total Adj Net Incm	$514,229	TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss	$16,567	AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm	$16,567	AccountingFeesNetInvstIncmAmt
Accounting Fees Adj Net Incm	$16,567	AccountingFeesAdjNetIncmAmt
Accounting Fees Chrtbl Prps	$16,567	AccountingFeesChrtblPrpsAmt
Other Prof Fees Rev And Expnss	$111,111	OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm	$111,111	OtherProfFeesNetInvstIncmAmt
Other Prof Fees Adj Net Incm	$111,111	OtherProfFeesAdjNetIncmAmt
Other Prof Fees Dsbrs Chrtbl	$111,111	OtherProfFeesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss	$127,678	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$127,678	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm	$127,678	TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$127,678	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$0	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$0	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$127,678	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$127,678	TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm	$127,678	TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl	$127,678	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	-$267,063	ExcessRevenueOverExpensesAmt
Net Investment Income	$386,551	NetInvestmentIncomeAmt
Adjusted Net Income	$386,551	AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Cash BOY	$97,622	CashBOYAmt
Cash EOY	$4,933,816	CashEOYAmt
Cash EOYFMV	$4,933,817	CashEOYFMVAmt
Corporate Stock BOY	$1,658,149	CorporateStockBOYAmt
Corporate Stock EOY	$9,290,736	CorporateStockEOYAmt
Corporate Stock EOYFMV	$11,608,387	CorporateStockEOYFMVAmt
Corporate Bonds BOY	$289,447	CorporateBondsBOYAmt
Corporate Bonds EOY	$5,518,443	CorporateBondsEOYAmt
Corporate Bonds EOYFMV	$5,109,961	CorporateBondsEOYFMVAmt
Total Assets BOY	$2,045,218	TotalAssetsBOYAmt
Total Assets EOY	$19,742,995	TotalAssetsEOYAmt
Total Assets EOYFMV	$21,652,165	TotalAssetsEOYFMVAmt
Total Liabilities EOY	$0	TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117	Yes (X)	OrgDoesNotFollowFASB117Ind
Capital Stock BOY	$2,045,218	CapitalStockBOYAmt
Capital Stock EOY	$19,742,995	CapitalStockEOYAmt
Tot Net Ast Or Fund Balances BOY	$2,045,218	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$19,742,995	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$2,045,218	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$19,742,995	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$2,045,218	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	-$267,063	ExcessRevenueOverExpensesAmt
Other Increases	$17,964,840	OtherIncreasesAmt
Subtotal	$19,742,995	SubtotalAmt
Tot Net Ast Or Fund Balances EOY	$19,742,995	TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Investment Income Excise Tax	$5,373	InvestmentIncomeExciseTaxAmt
Subtotal	$5,373	SubtotalAmt
Tax Based On Investment Income	$5,373	TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx	$844	EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits	$844	TotalPaymentsAndCreditsAmt
Tax Due	$4,529	TaxDueAmt
Applied To ES Tax	$0	AppliedToESTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

Field	Value	IRS element (for citing)
Legislative Political Acty	false	LegislativePoliticalActyInd
More Than100 Spent	false	MoreThan100SpentInd
Form1120 POL Filed	false	Form1120POLFiledInd
Activities Not Previously Rpt	false	ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws	false	ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit	false	UnrelatedBusIncmOverLimitInd
Organization Dissolved Etc	false	OrganizationDissolvedEtcInd
Section508e Rqr Satisfied	false	Section508eRqrSatisfiedInd
At Least5000 In Assets	Yes (true)	AtLeast5000InAssetsInd
Org Report Or Register State	TX	OrgReportOrRegisterStateCd
Form990 PF Filed With Atty Gen	Yes (true)	Form990PFFiledWithAttyGenInd
Private Operating Foundation	false	PrivateOperatingFoundationInd
New Substantial Contributors	false	NewSubstantialContributorsInd
Own Controlled Entity	false	OwnControlledEntityInd
Donor Advised Fund	false	DonorAdvisedFundInd
Comply With Public Insp Rqr	Yes (true)	ComplyWithPublicInspRqrInd
Website Address	N/A	WebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

Field	Value	IRS element (for citing)
Business Name Line1	Lisa M Frantz	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	7134646441	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	11303 Williamsburg Dr	AddressLine1Txt
City	Houston	CityNm
State Abbreviation	TX	StateAbbreviationCd
ZIP	77024	ZIPCd

Field	Value	IRS element (for citing)
Foreign Accounts Question	false	ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Field	Value	IRS element (for citing)
Sale Or Exch Disqualified Prsn	false	SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn	false	BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified Prsn	false	FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified Prsn	false	PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn	false	TransferAstDisqualifiedPrsnInd
Payment To Government Official	false	PaymentToGovernmentOfficialInd
Acts Fail To Qlfy As Exceptions	false	ActsFailToQlfyAsExceptionsInd
Uncorrected Prior Acts	false	UncorrectedPriorActsInd
Undistributed Income PY	false	UndistributedIncomePYInd
Business Holdings	false	BusinessHoldingsInd
Jeopardy Investments	false	JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst	false	UncorrectedPYJeopardyInvstInd
Influence Legislation	false	InfluenceLegislationInd
Influence Election	false	InfluenceElectionInd
Grants To Individuals	false	GrantsToIndividualsInd
Grants To Organizations	false	GrantsToOrganizationsInd
Noncharitable Purpose	false	NoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	false	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	false	PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht Pymt	false	SubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	TitleTitleTxt	Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt	CompensationCompensationAmt
Lisa M Frantz
11303 Williamsburg Dr	Houston	TX	77024	President	2.00	$0
Carol A Cantrell
3700 Buffalo Speedway 1000	Houston	TX	77098	Treasurer	1.00	$0
Rachael Frantz
11303 Williamsburg Dr	Houston	TX	77024	Director	1.00	$0

Field	Value	IRS element (for citing)
Comp Of Hghst Pd Empl Or NONE	NONE	CompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONE	NONE	CompOfHghstPdCntrctOrNONETxt

Minimum Investment Return MinimumInvestmentReturnGrp

Field	Value	IRS element (for citing)
Average Monthly FMV Of Sec	$16,718,348	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$4,933,816	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$0	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$21,652,164	TotalFMVOfUnusedAssetsAmt
Reduction Claimed	$0	ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast	$21,652,164	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$324,782	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$21,327,382	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$1,066,369	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$1,066,369	MinimumInvestmentReturnAmt
Tax Based On Investment Income	$5,373	TaxBasedOnInvestmentIncomeAmt
Total Tax	$5,373	TotalTaxAmt
Distributable Before Adj	$1,060,996	DistributableBeforeAdjAmt
Distributable Before Ded	$1,060,996	DistributableBeforeDedAmt
Distributable As Adjusted	$1,060,996	DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$127,678	ExpensesAndContributionsAmt
Qualifying Distributions	$127,678	QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$1,060,996	DistributableAsAdjustedAmt
Qualifying Distributions	$127,678	QualifyingDistributionsAmt
Treated As Distri From Corpus	$0	TreatedAsDistriFromCorpusAmt
Applied To Current Year	$127,678	AppliedToCurrentYearAmt
Undistributed Income CY	$933,318	UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

Field	Value	IRS element (for citing)
Contributing Manager	Lisa M Frantz	ContributingManagerNm
Only Contri To Preselected	Yes (X)	OnlyContriToPreselectedInd

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$94,851	ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$419,378	ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

Field	Value	IRS element (for citing)
Exclusion	18	ExclusionCd
Exclusion	-$653,614	ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Field	Value	IRS element (for citing)
Exclusion	-$139,385	ExclusionAmt

Field	Value	IRS element (for citing)
Total Income Producing Acty	-$139,385	TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Field	Value	IRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO	false	TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO	false	TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets	false	SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO	false	PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets	false	RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements	false	ReimbursementArrangementsInd
Loans Or Loan Guarantees	false	LoansOrLoanGuaranteesInd
Performance Of Services Etc	false	PerformanceOfServicesEtcInd
Sharing Of Facilities Etc	false	SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO	false	RelationshipsNonchrtblEOInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

Field	Value	IRS element (for citing)
Category	Tax Preparation	CategoryTxt
Amt	$16,567	Amt
Net Investment Income	$16,567	NetInvestmentIncomeAmt
Adjusted Net Income	$16,567	AdjustedNetIncomeAmt
Disbursements Charitable Prps	$16,567	DisbursementsCharitablePrpsAmt

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

Field	Value	IRS element (for citing)
Desc	Capital Received from Swalm Foundation	Desc
Amt	$17,964,840	Amt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)

CategoryCategoryTxt	AmtAmt	Net Investment IncomeNetInvestmentIncomeAmt	Adjusted Net IncomeAdjustedNetIncomeAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt
Investment Mgmt Fees	$110,002	$110,002	$110,002	$110,002
Other fees	$1,109	$1,109	$1,109	$1,109

LSF FOUNDATION: Form 990PF, tax year 2023

Return header ReturnHeader

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

Preparer US Address PreparerUSAddress

Filer Filer

Business Name BusinessName

US Address USAddress

Business Officer BusinessOfficerGrp

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Preparer Person PreparerPersonGrp

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

Form 990-PF IRS990PF

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Statements Regarding Acty StatementsRegardingActyGrp

Persons With Books Name PersonsWithBooksName

Location Of Books US Address LocationOfBooksUSAddress

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)

Minimum Investment Return MinimumInvestmentReturnGrp

Distributable Amount DistributableAmountGrp

PF Qualifying Distributions PFQualifyingDistributionsGrp

Undistributed Income UndistributedIncomeGrp

Supplementary Information SupplementaryInformationGrp

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)

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