LILLIAN AND ALBERT NOREN FOUNDATIONINC: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization: LILLIAN AND ALBERT NOREN FOUNDATIONINC (EIN 20-8766178)
Tax period: 2021-01-01 to 2021-12-31
Filed: 2023-11-06
IRS object ID: 202343109349100414
Schema version: 2021v4.0
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
Expln Of Non Filing With AG Stmt
Investments Corp Stock Schedule
Other Expenses Schedule
Taxes Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2023-11-06T11:21:14-05:00	ReturnTs
Tax Period End	2021-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	591949459	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	HINKLE RICHTER & RHINE LLP	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	525 NE 3RD AVENUE SUITE 102	AddressLine1Txt
City	DELRAY BEACH	CityNm
State Abbreviation	FL	StateAbbreviationCd
ZIP	33444	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnTypeCd
Tax Period Begin	2021-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	208766178	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	LILLIAN & ALBERT NOREN FOUNDATION	BusinessNameLine1Txt
Business Name Line2	KOTLER	BusinessNameLine2Txt

Field	Value	IRS element (for citing)
Business Name Control	LILL	BusinessNameControlTxt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	LILLIAN ALBERT NOREN FOUNDATION	AddressLine1Txt
City	BOCA RATON	CityNm
State Abbreviation	FL	StateAbbreviationCd
ZIP	33432	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	MICHAEL KOTLER	PersonNm
Person Title	TRUSTEE	PersonTitleTxt
Phone	5613619600	PhoneNum
Signature	2023-11-02	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Field	Value	IRS element (for citing)
Person First	MICHAEL	PersonFirstNm
Person Last	KOTLER	PersonLastNm

Field	Value	IRS element (for citing)
SSN	999009999	SSN

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	SCOTT T RHINE	PreparerPersonNm
PTIN	P00035886	PTIN
Phone	5613142201	PhoneNum
Preparation	2023-11-06	PreparationDt

Field	Value	IRS element (for citing)
Tax	2021	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	$56,737	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
Dividends Rev And Expnss	$601	DividendsRevAndExpnssAmt
Dividends Net Invst Incm	$601	DividendsNetInvstIncmAmt
Dividends Adj Net Incm	$601	DividendsAdjNetIncmAmt
Total Rev And Expnss	$601	TotalRevAndExpnssAmt
Total Net Invst Incm	$601	TotalNetInvstIncmAmt
Total Adj Net Incm	$601	TotalAdjNetIncmAmt
Comp Ofcr Dir Trst Rev And Expnss	$1,215	CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm	$1,215	CompOfcrDirTrstNetInvstIncmAmt
Comp Ofcr Dir Trst Adj Net Incm	$1,215	CompOfcrDirTrstAdjNetIncmAmt
Taxes Rev And Expnss	$19	TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss	$1,899	OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm	$1,899	OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss	$3,133	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$3,114	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm	$1,215	TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$0	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$5,000	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$5,000	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$8,133	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$3,114	TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm	$1,215	TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl	$5,000	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	-$7,532	ExcessRevenueOverExpensesAmt
Net Investment Income	$0	NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Cash BOY	$18,629	CashBOYAmt
Cash EOY	$4,386	CashEOYAmt
Cash EOYFMV	$4,386	CashEOYFMVAmt
Corporate Stock BOY	$31,567	CorporateStockBOYAmt
Corporate Stock EOY	$38,278	CorporateStockEOYAmt
Corporate Stock EOYFMV	$52,351	CorporateStockEOYFMVAmt
Total Assets BOY	$50,196	TotalAssetsBOYAmt
Total Assets EOY	$42,664	TotalAssetsEOYAmt
Total Assets EOYFMV	$56,737	TotalAssetsEOYFMVAmt
Total Liabilities EOY	$0	TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117	Yes (X)	OrgDoesNotFollowFASB117Ind
Retained Earning BOY	$50,196	RetainedEarningBOYAmt
Retained Earning EOY	$42,664	RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY	$50,196	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$42,664	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$50,196	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$42,664	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$50,196	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	-$7,532	ExcessRevenueOverExpensesAmt
Subtotal	$42,664	SubtotalAmt
Tot Net Ast Or Fund Balances EOY	$42,664	TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Investment Income Excise Tax	$0	InvestmentIncomeExciseTaxAmt

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	Yes (true)	Section508eRqrSatisfiedInd
At Least5000 In Assets	Yes (true)	AtLeast5000InAssetsInd
Form990 PF Filed With Atty Gen	false	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
Individual With Books	MICHAEL KOTLER TRUSTEE	IndividualWithBooksNm
Phone	5613619600	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	54 SW BOCA RATON BLVD	AddressLine1Txt
City	BOCA RATON	CityNm
State Abbreviation	FL	StateAbbreviationCd
ZIP	33432	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
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 (2 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	TitleTitleTxt	Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt	CompensationCompensationAmt	Employee Benefit ProgramEmployeeBenefitProgramAmt	Expense Account Other AllwncExpenseAccountOtherAllwncAmt
MICHAEL KOTLER
54 SW BOCA RATON BLVD	BOCA RATON	FL	33432	TRUSTEE	2.00	$405	$0	$0
BARRY AND BARBARA KOTLER
67 LAKE EDEN DRIVE	BOYNTON BEACH	FL	33432	TRUSTEE	2.00	$810	$0	$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

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

Field	Value	IRS element (for citing)
Description1	N/A	Description1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

Field	Value	IRS element (for citing)
Average Monthly FMV Of Sec	$51,346	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$7,122	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$0	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$58,468	TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast	$58,468	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$877	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$57,591	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$2,880	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$2,880	MinimumInvestmentReturnAmt
Distributable Before Adj	$2,880	DistributableBeforeAdjAmt
Distributable Before Ded	$2,880	DistributableBeforeDedAmt
Distributable As Adjusted	$2,880	DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$5,000	ExpensesAndContributionsAmt
Qualifying Distributions	$5,000	QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$2,880	DistributableAsAdjustedAmt
Excess Distribution Cyov Yr4	$15,734	ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3	$6,182	ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2	$6,933	ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1	$1,622	ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov	$30,471	TotalExcessDistributionCyovAmt
Qualifying Distributions	$5,000	QualifyingDistributionsAmt
Applied To Current Year	$2,880	AppliedToCurrentYearAmt
Remaining Distri From Corpus	$2,120	RemainingDistriFromCorpusAmt
Total Corpus	$32,591	TotalCorpusAmt
Undistributed Income CY	$0	UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr	$32,591	ExcessDistriCyovToNextYrAmt
Excess From Year4	$15,734	ExcessFromYear4Amt
Excess From Year3	$6,182	ExcessFromYear3Amt
Excess From Year2	$6,933	ExcessFromYear2Amt
Excess From Year1	$1,622	ExcessFromYear1Amt
Excess From Current Year	$2,120	ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

Field	Value	IRS element (for citing)
Only Contri To Preselected	Yes (X)	OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

Recipient Business Name RecipientBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	THE UNIVERSITY OF THE ARTS	BusinessNameLine1Txt

Recipient US Address RecipientUSAddress

Field	Value	IRS element (for citing)
Address Line1	320 SOUTH ROAD STREET	AddressLine1Txt
City	PHILADELPHIA	CityNm
State Abbreviation	PA	StateAbbreviationCd
ZIP	19102	ZIPCd

Field	Value	IRS element (for citing)
Recipient Relationship	NONE	RecipientRelationshipTxt
Grant Or Contribution Purpose	CHARITABLE / GENERAL PURPOSE	GrantOrContributionPurposeTxt
Amt	$5,000	Amt

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$5,000	TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$601	ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Field	Value	IRS element (for citing)
Exclusion	$601	ExclusionAmt

Field	Value	IRS element (for citing)
Total Income Producing Acty	$601	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

Expln Of Non Filing With AG Stmt ExplnOfNonFilingWithAGStmt

Field	Value	IRS element (for citing)
Explanation	FOUNDATION DOES NOT SOLICIT DONATIONS FROM THE PUBLIC.	ExplanationTxt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (5 entries)

StockStockNm	EOY Book ValueEOYBookValueAmt	EOYFMVEOYFMVAmt
ISHARES US PREFERRED STOCK PPF
SELECT SECTOR SPDR UTILITIES
WISDOM DIVIDENT ET EX-FINANCIALS
VANGUARD INDEX FUND S&P 500	$31,567	$43,657
SELECT SECTOR SPDR TRUST TECHNOLOGY	$6,711	$8,694

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDesc	Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt	Net Investment IncomeNetInvestmentIncomeAmt
EXPENSES
BOOK TAX ADJUSTMENT	$1,899	$1,899

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

Field	Value	IRS element (for citing)
Category	IRS CP220	CategoryTxt
Amt	$19	Amt

LILLIAN AND ALBERT NOREN FOUNDATIONINC: Form 990PF, tax year 2021

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

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

Location Of Books US Address LocationOfBooksUSAddress

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (2 entries)

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

Minimum Investment Return MinimumInvestmentReturnGrp

Distributable Amount DistributableAmountGrp

PF Qualifying Distributions PFQualifyingDistributionsGrp

Undistributed Income UndistributedIncomeGrp

Supplementary Information SupplementaryInformationGrp

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

Recipient Business Name RecipientBusinessName

Recipient US Address RecipientUSAddress

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

Expln Of Non Filing With AG Stmt ExplnOfNonFilingWithAGStmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (5 entries)

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

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