L HEART FOUNDATION INC: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
L HEART FOUNDATION INC (EIN 81-0522506)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-08-23
IRS object ID
202402369349100420
Schema version
2023v5.1
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 ReturnHeader

FieldValueIRS element (for citing)
Return2024-08-23T15:00:50-07:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN810347988PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Holmes & TurnerBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11283 N 14th Avenue Ste 201AddressLine1Txt
CityBozemanCityNm
State AbbreviationMTStateAbbreviationCd
ZIP59715ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN810522506EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1L HEART FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlLHEABusinessNameControlTxt
Phone4065814025PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1414 S 9th AvenueAddressLine1Txt
CityBozemanCityNm
State AbbreviationMTStateAbbreviationCd
ZIP59715ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonWilliam B ThompsonPersonNm
Person TitleDirectorPersonTitleTxt
Signature2024-08-23SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonLaura ThomasPreparerPersonNm
PTINP00516147PTIN
Phone4065874265PhoneNum
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2024-08-08 14:25:15ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$0FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$902InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$902InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$902InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$107,473DividendsRevAndExpnssAmt
Dividends Net Invst Incm$107,473DividendsNetInvstIncmAmt
Dividends Adj Net Incm$107,473DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$540,888NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$1,763,499GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$540,888CapGainNetIncmNetInvstIncmAmt
Net ST Capital Gain Adj Net Incm$205,937NetSTCapitalGainAdjNetIncmAmt
Other Income Rev And Expnss-$41,413OtherIncomeRevAndExpnssAmt
Total Rev And Expnss$607,850TotalRevAndExpnssAmt
Total Net Invst Incm$649,263TotalNetInvstIncmAmt
Total Adj Net Incm$314,312TotalAdjNetIncmAmt
Other Prof Fees Rev And Expnss$63,083OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$63,083OtherProfFeesNetInvstIncmAmt
Other Prof Fees Dsbrs Chrtbl$63,083OtherProfFeesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$63,083TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$63,083TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$63,083TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$196,552ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$196,552ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$259,635TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$63,083TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$259,635TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$348,215ExcessRevenueOverExpensesAmt
Net Investment Income$586,180NetInvestmentIncomeAmt
Adjusted Net Income$314,312AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$278,337SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$226,807SavAndTempCashInvstEOYAmt
Corporate Stock BOY$3,887,380CorporateStockBOYAmt
Corporate Stock EOY$4,287,125CorporateStockEOYAmt
Total Assets BOY$4,165,717TotalAssetsBOYAmt
Total Assets EOY$4,513,932TotalAssetsEOYAmt
Total Assets EOYFMV$0TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$4,165,717NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$4,513,932NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$4,165,717TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$4,513,932TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$4,165,717TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$4,513,932TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$4,165,717TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$348,215ExcessRevenueOverExpensesAmt
Subtotal$4,513,932SubtotalAmt
Tot Net Ast Or Fund Balances EOY$4,513,932TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
SN - 0306P2023-01-012023-01-02$763,487$557,550$205,937$205,937
SN - 0306P2010-01-012023-01-01$1,000,012$665,061$334,951$334,951
FieldValueIRS element (for citing)
Capital Gain Net Income$540,888CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss$205,937NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$8,148InvestmentIncomeExciseTaxAmt
Subtotal$8,148SubtotalAmt
Tax Based On Investment Income$8,148TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$893EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$893TotalPaymentsAndCreditsAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Tax Due$7,255TaxDueAmt
Applied To ES Tax$0AppliedToESTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1Willy ThompsonBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone4066824424PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1414 S 9th AvenueAddressLine1Txt
CityBozemanCityNm
State AbbreviationMTStateAbbreviationCd
ZIP59715ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Acts Fail To Qlfy As ExceptionsfalseActsFailToQlfyAsExceptionsInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
Theodore A Thompson
29 Kean DriveBozemanMT59718Director0.00$0
William B Thompson
414 S 9th AveBozemanMT59715Director0.00$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$6,255,199AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$226,529AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$6,481,728TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$6,481,728AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$97,226CashDeemedCharitableAmt
Net Vl Noncharitable Assets$6,384,502NetVlNoncharitableAssetsAmt
Minimum Investment Return$319,225MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$319,225MinimumInvestmentReturnAmt
Tax Based On Investment Income$8,148TaxBasedOnInvestmentIncomeAmt
Total Tax$8,148TotalTaxAmt
Distributable Before Adj$311,077DistributableBeforeAdjAmt
Distributable Before Ded$311,077DistributableBeforeDedAmt
Distributable As Adjusted$311,077DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$259,635ExpensesAndContributionsAmt
Qualifying Distributions$259,635QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$311,077DistributableAsAdjustedAmt
Undistributed Income PY$204,553UndistributedIncomePYAmt
Qualifying Distributions$259,635QualifyingDistributionsAmt
Applied To Year1$204,553AppliedToYear1Amt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$55,082AppliedToCurrentYearAmt
Undistributed Income CY$255,995UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (17 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
DUCKS UNLIMITED
One Waterfowl WayMemphisTN38120NONEPCFURTHER TAX EXEMPT PURPOSE$30,000
Heifer International
1 World AvenueLittle RockAR72202NONEPCFURTHER TAX EXEMPT PURPOSE$10,000
The Nature Conservancy
40 E Main St 200BozemanMT59715NONEPCFURTHER TAX EXEMPT PURPOSE$2,034
Madison Valley Medical Center
305 N MainEnnisMT59729NONEPCFURTHER TAX EXEMPT PURPOSE$25,000
Montana Friends of MT PBS
PO Box 10715BozemanMT59719NONEPCFURTHER TAX EXEMPT PURPOSE$2,500
Bozeman Film Society
17 W Main StBozemanMT59715PCFurther tax exempt purpose.$10,000
West Maui Improvement Foundation
181 Lahainaluna RDLahainaHI96761PCFurther tax exempt purpose.$10,000
Yellowstone Public Radio
406 MarbaraBillingsMT59101PCFurther tax exempt purpose.$5,000
Weaver Hill
PO Box 26040GreensboroNC27420PCFurther tax exempt purpose.$25,000
Hazelden Betty Ford
1901 N Esther StNewbergOR97132PCFurther tax exempt purpose.$10,000
World Central Kitchen
200 Massachusetts aveWashington DCDC20001PCFurther tax exempt purpose.$10,000
The Ellen
17 W Main StBozemanMT59715PCFurther tax exempt purpose.$6,000
TB Coching
1600 Clifton RdAtlantaGA30333NONEPCFurther tax exempt purpose.$10,000
WLI - MT
111 S Grand Ave Suite 202BozemanMT59715PCFurther tax exempt purpose.$1,000
Pacific Whale Foundations
300 Maalaea Rd Suite 211WailukuHI96793PCFurther tax exempt purpose.$25,000
Fellowship Hall
2165 Durston RdBozemanMT59715PCFurther tax exempt purpose.$10,000
Montana State Alumni Foundation
1501 S 11th AveBozemanMT59715NONEPCFurther tax exempt purpose.$5,018
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$196,552TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$902ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$107,473ExclusionAmt

Other Investment Income OtherInvestmentIncomeGrp

FieldValueIRS element (for citing)
Exclusion$41,413ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$540,888RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$66,962ExclusionAmt
Related Or Exempt Function Incm$540,888RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$607,850TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
DescOther Investment IncomeDesc
Revenue And Expenses Per Books-$41,413RevenueAndExpensesPerBooksAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
Amt$63,083Amt
Net Investment Income$63,083NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$63,083DisbursementsCharitablePrpsAmt

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.