THE LADANE FOUNDATION: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
THE LADANE FOUNDATION (EIN 13-4105176)
Tax period
2023-01-01 to 2023-12-31
Filed
2025-04-28
IRS object ID
202531189349100228
Schema version
2023v6.0
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)
Return2025-04-28T09:25:04-07:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt
Disaster ReliefNC Tropical Storm Helene (DR-4827-NC)DisasterReliefTxt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN832891693PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1MILLER MCNEISH & BREEDLOVE PLLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1309 S LAUREL AVEAddressLine1Txt
CityCHARLOTTECityNm
State AbbreviationNCStateAbbreviationCd
ZIP28207ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN134105176EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1The LaDane FoundationBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlLADABusinessNameControlTxt
Phone9105797300PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line110155 Beach Drive SWAddressLine1Txt
CityCalabashCityNm
State AbbreviationNCStateAbbreviationCd
ZIP28467ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonLaDane WilliamsonPersonNm
Person TitlePresidentPersonTitleTxt
Signature2025-04-28SignatureDt
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 PersonElizabeth FunderburkPreparerPersonNm
PTINP01679706PTIN
Phone7043768415PhoneNum
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Address ChangeYes (X)AddressChangeInd
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$7,052,045FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$1,933,274ContriRcvdRevAndExpnssAmt
Total Rev And Expnss$1,933,274TotalRevAndExpnssAmt
Total Net Invst Incm$0TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$4,480AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$4,480AccountingFeesNetInvstIncmAmt
Trav Conf Meeting Rev And Expnss$5,221TravConfMeetingRevAndExpnssAmt
Trav Conf Meeting Net Invst Incm$5,221TravConfMeetingNetInvstIncmAmt
Other Expenses Rev And Expnss$72OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$72OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$9,773TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$9,773TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$1,876,590ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$1,876,590ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$1,886,363TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$9,773TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$1,876,590TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$46,911ExcessRevenueOverExpensesAmt
Net Investment Income$0NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$5,133CashBOYAmt
Cash EOY$46,045CashEOYAmt
Cash EOYFMV$46,045CashEOYFMVAmt
Invst Land Cost Or Other Basis$8,326,000InvstLandCostOrOtherBasisAmt
Land Bldg Investments BOY$8,320,000LandBldgInvestmentsBOYAmt
Land Bldg Investments EOY$8,326,000LandBldgInvestmentsEOYAmt
Land Bldg Investments EOYFMV$7,006,000LandBldgInvestmentsEOYFMVAmt
Total Assets BOY$8,325,133TotalAssetsBOYAmt
Total Assets EOY$8,372,045TotalAssetsEOYAmt
Total Assets EOYFMV$7,052,045TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$8,325,133NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$8,372,045NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$8,325,133TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$8,372,045TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$8,325,133TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$8,372,045TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$8,325,133TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$46,911ExcessRevenueOverExpensesAmt
Subtotal$8,372,044SubtotalAmt
Tot Net Ast Or Fund Balances EOY$8,372,044TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$0InvestmentIncomeExciseTaxAmt
Estimated Plus Ovpmt Incm Tx$840EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$840TotalPaymentsAndCreditsAmt
Overpayment$840OverpaymentAmt
Applied To ES Tax$840AppliedToESTaxAmt

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 StateDEOrgReportOrRegisterStateCd
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 Line1LaDane WilliamsonBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone9105797300PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line110155 Beach Drive SWAddressLine1Txt
CityCalabashCityNm
State AbbreviationNCStateAbbreviationCd
ZIP28467ZIPCd
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 (4 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
LaDane Williamson
10155 Beach Drive SWCalabashNC28467President10.00$0
Odell Fraiser Bullington
10155 Beach Drive SWCalabashNC28467Director1.00$0
Kendra LaDane Bullington
10155 Beach Drive SWCalabashNC28467Director1.00$0
Nadia Grace Bullington
10155 Beach Drive SWCalabashNC28467Secretary1.00$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$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$25,589AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$7,006,000FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$7,031,589TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$7,031,589AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$105,474CashDeemedCharitableAmt
Net Vl Noncharitable Assets$6,926,115NetVlNoncharitableAssetsAmt
Minimum Investment Return$346,306MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$346,306MinimumInvestmentReturnAmt
Distributable Before Adj$346,306DistributableBeforeAdjAmt
Distributable Before Ded$346,306DistributableBeforeDedAmt
Distributable As Adjusted$346,306DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$1,876,590ExpensesAndContributionsAmt
Qualifying Distributions$1,876,590QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$346,306DistributableAsAdjustedAmt
Undistributed Income PY$170,124UndistributedIncomePYAmt
Qualifying Distributions$1,876,590QualifyingDistributionsAmt
Applied To Year1$170,124AppliedToYear1Amt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$346,306AppliedToCurrentYearAmt
Remaining Distri From Corpus$1,360,160RemainingDistriFromCorpusAmt
Total Corpus$1,360,160TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$1,360,160ExcessDistriCyovToNextYrAmt
Excess From Current Year$1,360,160ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (2 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
Creflo Dollar Ministries
PO Nox 490124College ParkGA30349N/APCFoundation$10,000
Greater Raleigh Area Christian Educ
1101 Buck Jones RoadRaleighNC27606N/APCRecipient DBA is Grace Christian School. Sale of building will provide funds for new campus.$1,866,590
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$1,876,590TotalGrantOrContriPdDurYrAmt

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

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
General RuleYes (X)GeneralRuleInd

Contributor Information ContributorInformationGrp (2 entries)

ContributorContributorNumAddress Line1ContributorUSAddress/AddressLine1TxtCityContributorUSAddress/CityNmState AbbreviationContributorUSAddress/StateAbbreviationCdZIPContributorUSAddress/ZIPCdTotal ContributionsTotalContributionsAmtPerson ContributionPersonContributionIndNoncash ContributionNoncashContributionInd
LaDane Williamson
110155 Beach Drive SWCalabashNC28467$66,684Yes (X)
Ocean Point PH I LLC Single Owner
210155 Beach Drive SWCalabashNC28467$1,866,590Yes (X)

Non Cash Property Contribution NonCashPropertyContributionGrp

FieldValueIRS element (for citing)
Contributor2ContributorNum
Noncash PropertyUnit PH 1 Ocean Pointe63 Ocean Isle West BlvdOcean Isle, NCNoncashPropertyDesc
Fair Market Value$1,866,590FairMarketValueAmt
Received2023-12-21ReceivedDt

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryTax PreparationCategoryTxt
Amt$4,480Amt
Net Investment Income$4,480NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Investments Land Schedule2 InvestmentsLandSchedule2

Investment Land InvestmentLandGrp (2 entries)

Category Or ItemCategoryOrItemTxtCost Or Other BasisCostOrOtherBasisAmtBook ValueBookValueAmtEOYFMVEOYFMVAmt
Improvements$6,000$6,000$6,000
Land$8,320,000$8,320,000$7,000,000

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
Bank Charges$60$60
Miscellaneous$12$12

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