LOOKOUT FOUNDATION INC: Form 990PF, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
LOOKOUT FOUNDATION INC (EIN 22-3745074)
Tax period
2022-01-01 to 2022-12-31
Filed
2023-09-12
IRS object ID
202312559349100206
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)
Return2023-09-12T10:56:03-04:00ReturnTs
Tax Period End2022-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN352018670PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1HEYDE & ASSOCIATES PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11822 E CENTER STAddressLine1Txt
CityWARSAWCityNm
State AbbreviationINStateAbbreviationCd
ZIP465803604ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2022-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN223745074EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1LOOKOUT FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlLOOKBusinessNameControlTxt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1934 FLAGSHIP DRAddressLine1Txt
CitySUMMERLAND KEYCityNm
State AbbreviationFLStateAbbreviationCd
ZIP33042ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonNILES L NOBLITTPersonNm
Person TitleTREAS. / DIRPersonTitleTxt
Signature2023-05-12SignatureDt

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstNILESPersonFirstNm
Person LastNOBLITTPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrfalseIRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonLEE L HEYDEPreparerPersonNm
PTINP00024387PTIN
Phone5742694351PhoneNum
Preparation2023-09-12PreparationDt
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$16,654,043FMVAssetsEOYAmt
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$3,145InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$3,145InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$200,562DividendsRevAndExpnssAmt
Dividends Net Invst Incm$200,562DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$367,009NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$988,385GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$367,009CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss$3,632OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm$3,632OtherIncomeNetInvstIncmAmt
Total Rev And Expnss$574,348TotalRevAndExpnssAmt
Total Net Invst Incm$574,348TotalNetInvstIncmAmt
Taxes Rev And Expnss$3,841TaxesRevAndExpnssAmt
Taxes Net Invst Incm$3,841TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss$357OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$357OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$4,198TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$4,198TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$805,030ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$805,030ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$809,228TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$4,198TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$805,030TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$234,880ExcessRevenueOverExpensesAmt
Net Investment Income$570,150NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$418,534SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$113,404SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$443,404SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$9,672,735CorporateStockBOYAmt
Corporate Stock EOY$9,641,828CorporateStockEOYAmt
Corporate Stock EOYFMV$12,463,443CorporateStockEOYFMVAmt
Corporate Bonds BOY$2,294,591CorporateBondsBOYAmt
Corporate Bonds EOY$2,346,899CorporateBondsEOYAmt
Corporate Bonds EOYFMV$2,121,907CorporateBondsEOYFMVAmt
Other Investments BOY$757,812OtherInvestmentsBOYAmt
Other Investments EOY$790,196OtherInvestmentsEOYAmt
Other Investments EOYFMV$1,625,289OtherInvestmentsEOYFMVAmt
Other Assets BOY$4,981OtherAssetsBOYAmt
Other Assets EOY$4,981OtherAssetsEOYAmt
Total Assets BOY$13,148,653TotalAssetsBOYAmt
Total Assets EOY$12,897,308TotalAssetsEOYAmt
Total Assets EOYFMV$16,654,043TotalAssetsEOYFMVAmt
Other Liabilities EOY$11,083OtherLiabilitiesEOYAmt
Total Liabilities EOY$11,083TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$13,148,653NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$12,886,225NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$13,148,653TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$12,886,225TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$13,148,653TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$12,897,308TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$13,148,653TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$234,880ExcessRevenueOverExpensesAmt
Subtotal$12,913,773SubtotalAmt
Other Decreases$27,548OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$12,886,225TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (4 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmtAcquiredAcquiredDt
FAIRHOLME:FAIRXP2022-12-08$348,784$380,956-$32,172-$32,172
VANGUARD GROWTH INDEX ADMIRAL:VIGAXP2022-12-08$150,000$40,420$109,580$109,5802007-08-23
WELLS FARGO & CO CD MATUREDP2022-07-19$200,000$200,0002017-06-30
SHORT TERM CAPITAL GAINS-SCHWABP$2,583$2,583$2,583
FieldValueIRS element (for citing)
Capital Gain Net Income$367,009CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss$2,583NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$7,925InvestmentIncomeExciseTaxAmt
Subtotal$7,925SubtotalAmt
Tax Based On Investment Income$7,925TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$20,000EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$20,000TotalPaymentsAndCreditsAmt
Overpayment$12,075OverpaymentAmt
Applied To ES Tax$12,075AppliedToESTaxAmt

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
Org Report Or Register StateNJOrgReportOrRegisterStateCd
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
Individual With BooksNILES L NOBLITTIndividualWithBooksNm
Phone3057451899PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1934 FLAGSHIP DRIVEAddressLine1Txt
CitySUMMERLAND KEYCityNm
State AbbreviationFLStateAbbreviationCd
ZIP33042ZIPCd
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
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 (5 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
NANCY Z NOBLITT
934 FLAGSHIP DRIVESUMMERLAND KEYFL33042PRES./DIR.0.10$0$0$0
NILES L NOBLITT
934 FLAGSHIP DRIVESUMMERLAND KEYFL33042TREAS. / DIR1.00$0$0$0
CATHERINE N KEATING
10113 RADFORD AVE NWSEATTLEWA98177DIR.0.10$0$0$0
SARAH E ERLANDSON
2620 NW 98TH STSEATTLEWA98117DIR.0.10$0$0$0
JOSEPH F NOBLITT
9455 LAKE WASHINGTON BLVD NEBELLEVUEWA98004DIR.0.10$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$17,941,391AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$268,781AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$18,210,172TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$18,210,172AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$273,153CashDeemedCharitableAmt
Net Vl Noncharitable Assets$17,937,019NetVlNoncharitableAssetsAmt
Minimum Investment Return$896,851MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$896,851MinimumInvestmentReturnAmt
Tax Based On Investment Income$7,925TaxBasedOnInvestmentIncomeAmt
Total Tax$7,925TotalTaxAmt
Distributable Before Adj$888,926DistributableBeforeAdjAmt
Distributable Before Ded$888,926DistributableBeforeDedAmt
Distributable As Adjusted$888,926DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$805,030ExpensesAndContributionsAmt
Qualifying Distributions$805,030QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$888,926DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$122,851ExcessDistributionCyovYr5Amt
Total Excess Distribution Cyov$122,851TotalExcessDistributionCyovAmt
Qualifying Distributions$805,030QualifyingDistributionsAmt
Applied To Current Year$805,030AppliedToCurrentYearAmt
Excess Distri Cyov App CY Corpus$83,896ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$83,896ExcessDistributionCyovAppCYAmt
Total Corpus$38,955TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$38,955ExcessDistriCyovFromYr5Amt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1PER ATTACHED SCHEDULEBusinessNameLine1Txt

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1PER ATTACHED SCHEDULEAddressLine1Txt
CityPER ATTACHED SCHEDULECityNm
State AbbreviationFLStateAbbreviationCd
ZIP33042ZIPCd
FieldValueIRS element (for citing)
Recipient RelationshipN/ARecipientRelationshipTxt
Recipient Foundation StatusPCRecipientFoundationStatusTxt
Grant Or Contribution PurposeUNRESTRICTED CHARITABLE GRANTSGrantOrContributionPurposeTxt
Amt$805,030Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$805,030TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$3,145ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$200,562ExclusionAmt

Other Investment Income OtherInvestmentIncomeGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$3,632RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$367,009ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$570,716ExclusionAmt
Related Or Exempt Function Incm$3,632RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$574,348TotalIncomeProducingActyAmt

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

Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule

Investments Corporate Bonds InvestmentsCorporateBondsGrp

FieldValueIRS element (for citing)
BondCHARLES SCHWAB BOND FUNDBondNm
EOY Book Value$2,346,899EOYBookValueAmt
EOYFMV$2,121,907EOYFMVAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockCHARLES SCHWAB STOCK FUNDStockNm
EOY Book Value$9,641,828EOYBookValueAmt
EOYFMV$12,463,443EOYFMVAmt

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp

FieldValueIRS element (for citing)
Category Or ItemOTHER ASSETSCategoryOrItemTxt
Listed At Cost Or FMVAT COSTListedAtCostOrFMVCd
Book Value$790,196BookValueAmt
EOYFMV$1,625,289EOYFMVAmt

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp

FieldValueIRS element (for citing)
DescORGANIZATIONAL EXPENSEDesc
BOY Book Value$4,981BOYBookValueAmt
EOY Book Value$4,981EOYBookValueAmt

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail (2 entries)

DescDescAmtAmt
ITEMS PAID IN 2023 FOR 2022$5
EXCISE TAX PAID$27,543

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
EXPENSES
POSTAGE$60$60
DUES & FEES$297$297

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
DescOTHER INVESTMENT INCOMEDesc
Revenue And Expenses Per Books$3,632RevenueAndExpensesPerBooksAmt
Net Investment Income$3,632NetInvestmentIncomeAmt

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities Detail OtherLiabilitiesDetail

FieldValueIRS element (for citing)
DescAM EX CREDIT CARDDesc
EOY Book Value$11,083EOYBookValueAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (3 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmt
FOREIGN TAXES PAID$3,813$3,813
ANNUAL REPORT EXPENSE$26$26
ROUNDING$2$2

Comments

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