L HEART FOUNDATION INC: Form 990PF, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
L HEART FOUNDATION INC (EIN 81-0522506)
Tax period
2022-01-01 to 2022-12-31
Filed
2023-08-14
IRS object ID
202312269349100706
Schema version
2022v5.0
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 ReturnHeader

FieldValueIRS element (for citing)
Return2023-08-14T07:49:33-07:00ReturnTs
Tax Period End2022-12-31TaxPeriodEndDt

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 Begin2022-01-01TaxPeriodBeginDt

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)
PersonLINN W KRIEGPersonNm
Person TitleDirectorPersonTitleTxt
Signature2023-08-14SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstLINN WPersonFirstNm
Person LastKRIEGPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonLaura ThomasPreparerPersonNm
PTINP00516147PTIN
Phone4065874265PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
Federated Assurance LevelFAL1FederatedAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

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)
Contri Rcvd Rev And Expnss$3,000,000ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$429InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$429InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$429InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$83,344DividendsRevAndExpnssAmt
Dividends Net Invst Incm$83,344DividendsNetInvstIncmAmt
Dividends Adj Net Incm$83,344DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss-$25,923NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$863,521GrossSalesPriceAmt
Other Income Rev And Expnss$52,347OtherIncomeRevAndExpnssAmt
Total Rev And Expnss$3,110,197TotalRevAndExpnssAmt
Total Net Invst Incm$83,773TotalNetInvstIncmAmt
Total Adj Net Incm$83,773TotalAdjNetIncmAmt
Legal Fees Rev And Expnss$271LegalFeesRevAndExpnssAmt
Legal Fees Net Invst Incm$271LegalFeesNetInvstIncmAmt
Legal Fees Dsbrs Chrtbl$271LegalFeesDsbrsChrtblAmt
Accounting Fees Rev And Expnss$1,800AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$1,800AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps$1,800AccountingFeesChrtblPrpsAmt
Other Prof Fees Rev And Expnss$50,647OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$50,647OtherProfFeesNetInvstIncmAmt
Other Prof Fees Dsbrs Chrtbl$50,647OtherProfFeesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$52,718TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$52,718TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$52,718TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$138,500ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$138,500ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$191,218TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$52,718TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$191,218TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$2,918,979ExcessRevenueOverExpensesAmt
Net Investment Income$31,055NetInvestmentIncomeAmt
Adjusted Net Income$83,773AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$26,015SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$278,337SavAndTempCashInvstEOYAmt
Corporate Stock BOY$1,220,721CorporateStockBOYAmt
Corporate Stock EOY$3,887,380CorporateStockEOYAmt
Other Assets BOY$2OtherAssetsBOYAmt
Total Assets BOY$1,246,738TotalAssetsBOYAmt
Total Assets EOY$4,165,717TotalAssetsEOYAmt
Total Assets EOYFMV$0TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$1,246,738NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$4,165,717NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$1,246,738TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$4,165,717TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,246,738TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$4,165,717TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,246,738TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$2,918,979ExcessRevenueOverExpensesAmt
Subtotal$4,165,717SubtotalAmt
Tot Net Ast Or Fund Balances EOY$4,165,717TotNetAstOrFundBalancesEOYAmt

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 - 0306P2022-01-012022-01-02$731,939$771,974-$40,035-$40,035
SN - 0306P2010-01-012022-01-01$131,582$117,470$14,112$14,112
FieldValueIRS element (for citing)
Capital Gain Net Income-$25,923CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss-$40,035NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$432InvestmentIncomeExciseTaxAmt
Subtotal$432SubtotalAmt
Tax Based On Investment Income$432TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$1,325EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$1,325TotalPaymentsAndCreditsAmt
Overpayment$893OverpaymentAmt
Applied To ES Tax$893AppliedToESTaxAmt

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 ContributorsYes (true)NewSubstantialContributorsInd
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$5,237,888AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$310,247AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$5,548,135TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$5,548,135AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$83,222CashDeemedCharitableAmt
Net Vl Noncharitable Assets$5,464,913NetVlNoncharitableAssetsAmt
Minimum Investment Return$273,246MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$273,246MinimumInvestmentReturnAmt
Tax Based On Investment Income$432TaxBasedOnInvestmentIncomeAmt
Total Tax$432TotalTaxAmt
Distributable Before Adj$272,814DistributableBeforeAdjAmt
Distributable Before Ded$272,814DistributableBeforeDedAmt
Distributable As Adjusted$272,814DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$191,218ExpensesAndContributionsAmt
Qualifying Distributions$191,218QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$272,814DistributableAsAdjustedAmt
Undistributed Income PY$122,957UndistributedIncomePYAmt
Qualifying Distributions$191,218QualifyingDistributionsAmt
Applied To Year1$122,957AppliedToYear1Amt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$68,261AppliedToCurrentYearAmt
Undistributed Income CY$204,553UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (14 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
American Indian College Fund
8333 Greenwood BlvdDENVERCO80221NONEPCFURTHER TAX EXEMPT PURPOSE$5,000
SALVATION ARMY
32 S Rouse AveBozemanMT59715NONEPCFURTHER TAX EXEMPT PURPOSE$10,000
HABITAT FOR HUMANITY
230 Arden DrBelgradeMT59714NONEPCFURTHER TAX EXEMPT PURPOSE$10,000
The Nature Conservancy
40 E Main St 200BozemanMT59715NONEPCFURTHER TAX EXEMPT PURPOSE$15,000
Heart of the Valley
1549 East Cameron Bridge RBelgradeMT59714NONEPCFURTHER TAX EXEMPT PURPOSE$2,500
Tools for Tomorrow
42-600 Cook Street 203Palm DesertCA92211NONEPCFURTHER TAX EXEMPT PURPOSE$10,000
National Park Foundation
1110 Vermont Ave NW Suite 200WashingtonDC20005NONEPCFURTHER TAX EXEMPT PURPOSE$5,000
National Audubon Society
225 Varick StreetNew YorkNY10014NONEPCFURTHER TAX EXEMPT PURPOSE$1,500
Madison Valley Ranchlands Group
PO Box 330EnnisMT59729NONEPCFurther tax exempt purpose.$5,000
Whale Trust
PO Box 243MakawaoHI96768PCFurther tax exempt purpose.$10,000
MC Nursing Home Foundation
PO Box 997Virginia CityMT59755PCFurther tax exempt purpose.$55,000
Glynwood Farm - Sustainable Farming
362 glynwood rdcold springNY10516PCFurther tax exempt purpose.$5,000
Susan G Komen Foundation
13770 Noel Road Suite 801889dallasTX75380PCFurther tax exempt purpose.$2,500
MONTANA POLICE PROTECTIVE ASSOCIATI
PO Box 2911Great FallsMT59403PCFurther tax exempt purpose.$2,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$138,500TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$429ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$83,344ExclusionAmt

Other Investment Income OtherInvestmentIncomeGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$52,347ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm-$25,923RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$136,120ExclusionAmt
Related Or Exempt Function Incm-$25,923RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$110,197TotalIncomeProducingActyAmt

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

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
Amt$1,800Amt
Net Investment Income$1,800NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$1,800DisbursementsCharitablePrpsAmt

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

FieldValueIRS element (for citing)
Legal Fees$271LegalFeesAmt
Net Investment Income$271NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$271DisbursementsCharitablePrpsAmt

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
DescOther Investment IncomeDesc
Revenue And Expenses Per Books$52,347RevenueAndExpensesPerBooksAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
Amt$50,647Amt
Net Investment Income$50,647NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$50,647DisbursementsCharitablePrpsAmt

Substantial Contributors Sch SubstantialContributorsSch

Substantial Contributor Detail SubstantialContributorDetail

FieldValueIRS element (for citing)
PersonPenelope P Wilson EstatePersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line11 logan square suite 2000AddressLine1Txt
CityphilidelpiaCityNm
State AbbreviationPAStateAbbreviationCd
ZIP19103ZIPCd

Comments

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