LINDY FOUNDATION: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
LINDY FOUNDATION (EIN 46-4222159)
Tax period
2021-01-01 to 2021-12-31
Filed
2022-11-15
IRS object ID
202213199349106651
Schema version
2021v4.0
Note
A later return for the same period supersedes this one.
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)
Return2022-11-15T15:38:44-05:00ReturnTs
Tax Period End2021-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN233060583PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1FISCHER CUNNANE & ASSOCIATES LTDBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line111 TURNER LNAddressLine1Txt
CityWEST CHESTERCityNm
State AbbreviationPAStateAbbreviationCd
ZIP193804805ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2021-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN464222159EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1LINDY FOUNDATIONBusinessNameLine1Txt
Business Name Line2ALAN/FRANK/ELAINE LINDY TRUSTEESBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlLINDBusinessNameControlTxt
Phone2158868030PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1309 OLD YORK ROAD SUITE 211AddressLine1Txt
CityJENKINTOWNCityNm
State AbbreviationPAStateAbbreviationCd
ZIP19046ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonELAINE LINDYPersonNm
Person TitleTRUSTEEPersonTitleTxt
Signature2022-11-14SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstELAINEPersonFirstNm
Person LastLINDYPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonROBERT J FEENAN CPAPreparerPersonNm
PTINP00968659PTIN
Phone6104311003PhoneNum
Preparation2022-11-14PreparationDt
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$8,718,006FMVAssetsEOYAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$498,999ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$1,572InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$1,572InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$1,572InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$55,509DividendsRevAndExpnssAmt
Dividends Net Invst Incm$55,509DividendsNetInvstIncmAmt
Dividends Adj Net Incm$55,509DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$106,143NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$601,484GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$106,143CapGainNetIncmNetInvstIncmAmt
Net ST Capital Gain Adj Net Incm$15,520NetSTCapitalGainAdjNetIncmAmt
Other Income Rev And Expnss$181,059OtherIncomeRevAndExpnssAmt
Other Income Adj Net Incm$181,059OtherIncomeAdjNetIncmAmt
Total Rev And Expnss$843,282TotalRevAndExpnssAmt
Total Net Invst Incm$163,224TotalNetInvstIncmAmt
Total Adj Net Incm$253,660TotalAdjNetIncmAmt
Oth Empl Slrs Wgs Rev And Expnss$17,870OthEmplSlrsWgsRevAndExpnssAmt
Other Prof Fees Rev And Expnss$15,386OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$15,386OtherProfFeesNetInvstIncmAmt
Taxes Rev And Expnss$2,140TaxesRevAndExpnssAmt
Taxes Net Invst Incm$412TaxesNetInvstIncmAmt
Printing And Pub Rev And Expnss$65PrintingAndPubRevAndExpnssAmt
Other Expenses Rev And Expnss$515,799OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$515,799OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$551,260TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$15,798TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$515,799TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$100,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$100,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$651,260TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$15,798TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$615,799TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$192,022ExcessRevenueOverExpensesAmt
Net Investment Income$147,426NetInvestmentIncomeAmt
Adjusted Net Income$253,660AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$846,907CashBOYAmt
Cash EOY$670,840CashEOYAmt
Cash EOYFMV$670,840CashEOYFMVAmt
Sav And Temp Cash Invst BOY$1,689,714SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$1,844,321SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$2,091,878SavAndTempCashInvstEOYFMVAmt
Other Investments EOYFMV$5,955,288OtherInvestmentsEOYFMVAmt
Total Assets BOY$2,536,621TotalAssetsBOYAmt
Total Assets EOY$2,515,161TotalAssetsEOYAmt
Total Assets EOYFMV$8,718,006TotalAssetsEOYFMVAmt
Accounts Payable BOY$41,263AccountsPayableBOYAmt
Accounts Payable EOY$2,436AccountsPayableEOYAmt
Other Liabilities BOY$2,312,153OtherLiabilitiesBOYAmt
Other Liabilities EOY$2,137,498OtherLiabilitiesEOYAmt
Total Liabilities BOY$2,353,416TotalLiabilitiesBOYAmt
Total Liabilities EOY$2,139,934TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$183,205RetainedEarningBOYAmt
Retained Earning EOY$375,227RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$183,205TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$375,227TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$2,536,621TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$2,515,161TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$183,205TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$192,022ExcessRevenueOverExpensesAmt
Subtotal$375,227SubtotalAmt
Tot Net Ast Or Fund Balances EOY$375,227TotNetAstOrFundBalancesEOYAmt

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
WELLS FARGO STATEMENTP2021-01-202021-10-01$188,965$173,445$15,520$15,520
WELLS FERGO STATEMENTP2018-06-262021-11-10$412,519$321,896$90,623$90,623
FieldValueIRS element (for citing)
Capital Gain Net Income$106,143CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss$15,520NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$2,049InvestmentIncomeExciseTaxAmt
Subtotal$2,049SubtotalAmt
Tax Based On Investment Income$2,049TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$663EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$663TotalPaymentsAndCreditsAmt
Tax Due$1,386TaxDueAmt

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 LimitYes (true)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (true)Form990TFiledInd
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
Individual With BooksELAINE LINDYIndividualWithBooksNm
Phone2158868030PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1914 SPRUCE STREET 9AddressLine1Txt
CityPHILADELPHIACityNm
State AbbreviationPAStateAbbreviationCd
ZIP19107ZIPCd
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 (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
ELAINE LINDY
914 SPRUCE STREET 9PHILADELPHIAPA19107TRUSTEE4.00$0$0$0
ALAN LINDY
117 CHESTON LANEAMBLERPA19002TRUSTEE2.00$0$0$0
FRANK LINDY
8364 FISHER ROADELKINSPA19027TRUSTEE2.00$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$2,091,878AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$670,840AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$5,955,288FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$8,718,006TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$8,718,006AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$130,770CashDeemedCharitableAmt
Net Vl Noncharitable Assets$8,587,236NetVlNoncharitableAssetsAmt
Minimum Investment Return$429,362MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$429,362MinimumInvestmentReturnAmt
Tax Based On Investment Income$2,049TaxBasedOnInvestmentIncomeAmt
Total Tax$2,049TotalTaxAmt
Distributable Before Adj$427,313DistributableBeforeAdjAmt
Distributable Before Ded$427,313DistributableBeforeDedAmt
Distributable As Adjusted$427,313DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$615,799ExpensesAndContributionsAmt
Qualifying Distributions$615,799QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$427,313DistributableAsAdjustedAmt
Undistributed Income PY$429,147UndistributedIncomePYAmt
Qualifying Distributions$615,799QualifyingDistributionsAmt
Applied To Year1$429,147AppliedToYear1Amt
Applied To Current Year$186,652AppliedToCurrentYearAmt
Undistributed Income CY$240,661UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerFRANK LINDYContributingManagerNm
Contributing ManagerELAINE LINDYContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1DREXEL UNIVERSITYBusinessNameLine1Txt

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line13141 CHESTNUT STREETAddressLine1Txt
CityPHILADELPHIACityNm
State AbbreviationPAStateAbbreviationCd
ZIP19104ZIPCd
FieldValueIRS element (for citing)
Grant Or Contribution PurposeEDUCATIONAL CONTRIBUTIONGrantOrContributionPurposeTxt
Amt$100,000Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$100,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$1,572RelatedOrExemptFunctionIncmAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$55,509RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion25ExclusionCd
Exclusion$106,143ExclusionAmt

Other Revenue Described OtherRevenueDescribedGrp (3 entries)

DescDescExclusionExclusionCdExclusionExclusionAmtBusinessBusinessCdUnrelated Business Taxbl IncmUnrelatedBusinessTaxblIncmAmt
Z BRISTOL LLC34$40,039
LINDY-ZELL POCOMOKE LLC531120$119,211
LINDY POCCOMOKE LLC34$21,809

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$119,211UnrelatedBusinessTaxblIncmAmt
Exclusion$167,991ExclusionAmt
Related Or Exempt Function Incm$57,081RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$344,283TotalIncomeProducingActyAmt

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/AddressLine1TxtAddress Line2ContributorUSAddress/AddressLine2TxtCityContributorUSAddress/CityNmState AbbreviationContributorUSAddress/StateAbbreviationCdZIPContributorUSAddress/ZIPCdTotal ContributionsTotalContributionsAmtPerson ContributionPersonContributionInd
ELAINE LINDY
1810 LOCUST STREETUNIT 203PHILADELPHIAPA19017$198,000Yes (X)
FRANK LINDY
28364 FISHER ROADELKINS PARKPA19027$229,387Yes (X)

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (2 entries)

Category Or ItemCategoryOrItemTxtListed At Cost Or FMVListedAtCostOrFMVCdEOYFMVEOYFMVAmt
LINDY- ZELL POCOMOKE LLCFMV$5,705,288
Z BRISTOL LLCFMV$250,000

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (6 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
EXPENSES
SCHOOLYARD PROJECTS$513,791$513,791
AUTO EXPENSE$275$275
BUILDING INSURANCE$1,250$1,250
BANK CHARGES$426$426
OFFICE SUPPLIES$57$57

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail (3 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtAdjusted Net IncomeAdjustedNetIncomeAmt
Z BRISTOL LLC$40,039$40,039
LINDY-ZELL POCOMOKE LLC$119,211$119,211
LINDY POCCOMOKE LLC$21,809$21,809

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities Detail OtherLiabilitiesDetail (3 entries)

DescDescBOY Book ValueBOYBookValueAmtEOY Book ValueEOYBookValueAmt
LINDY POCOMOKE$2,234,041$2,091,970
INVEST IN CVS$74,659$34,620
DUE TO LPM$3,453$10,908

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryADVISORY FEESCategoryTxt
Amt$15,386Amt
Net Investment Income$15,386NetInvestmentIncomeAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmt
TAXES AND LICENSES$1,728
FOREIGN TAXES$412$412

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