L HEART FOUNDATION INC: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
L HEART FOUNDATION INC (EIN 81-0522506)
Tax period
2021-01-01 to 2021-12-31
Filed
2022-11-03
IRS object ID
202243079349100214
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 ReturnHeader

FieldValueIRS element (for citing)
Return2022-11-03T07:45:00-07:00ReturnTs
Tax Period End2021-12-31TaxPeriodEndDt

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 Begin2021-01-01TaxPeriodBeginDt

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
Phone4066824424PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 339AddressLine1Txt
CityMCALLISTERCityNm
State AbbreviationMTStateAbbreviationCd
ZIP59740ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonLINN W KRIEGPersonNm
Person TitleDirectorPersonTitleTxt
Signature2022-11-03SignatureDt
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

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)
Tax2021TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

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)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$3InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$3InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$3InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$49,245DividendsRevAndExpnssAmt
Dividends Net Invst Incm$49,245DividendsNetInvstIncmAmt
Dividends Adj Net Incm$49,245DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss-$333NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$95,443GrossSalesPriceAmt
Net ST Capital Gain Adj Net Incm$2,969NetSTCapitalGainAdjNetIncmAmt
Other Income Rev And Expnss$326OtherIncomeRevAndExpnssAmt
Total Rev And Expnss$49,241TotalRevAndExpnssAmt
Total Net Invst Incm$49,248TotalNetInvstIncmAmt
Total Adj Net Incm$52,217TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$1,800AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$1,800AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps$1,800AccountingFeesChrtblPrpsAmt
Other Expenses Rev And Expnss$35OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$35OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl$35OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$1,835TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$1,835TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$1,835TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$139,430ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$139,430ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$141,265TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$1,835TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$141,265TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$92,024ExcessRevenueOverExpensesAmt
Net Investment Income$47,413NetInvestmentIncomeAmt
Adjusted Net Income$52,217AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$8,069SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$26,015SavAndTempCashInvstEOYAmt
Corporate Stock BOY$1,330,692CorporateStockBOYAmt
Corporate Stock EOY$1,220,721CorporateStockEOYAmt
Other Assets BOY$1OtherAssetsBOYAmt
Other Assets EOY$2OtherAssetsEOYAmt
Total Assets BOY$1,338,762TotalAssetsBOYAmt
Total Assets EOY$1,246,738TotalAssetsEOYAmt
Total Assets EOYFMV$0TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$1,338,762NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$1,246,738NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$1,338,762TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,246,738TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,338,762TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,246,738TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,338,762TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$92,024ExcessRevenueOverExpensesAmt
Subtotal$1,246,738SubtotalAmt
Tot Net Ast Or Fund Balances EOY$1,246,738TotNetAstOrFundBalancesEOYAmt

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 - 0306P2021-01-012021-01-02$41,279$38,310$2,969$2,969
SN - 0306P2010-01-012021-01-01$54,164$57,466-$3,302-$3,302
FieldValueIRS element (for citing)
Capital Gain Net Income-$333CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss$2,969NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$659InvestmentIncomeExciseTaxAmt
Subtotal$659SubtotalAmt
Tax Based On Investment Income$659TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$1,984EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$1,984TotalPaymentsAndCreditsAmt
Overpayment$1,325OverpaymentAmt
Applied To ES Tax$1,325AppliedToESTaxAmt

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 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 Line1LINN W KRIEGBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone4066824424PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 160AddressLine1Txt
CityMCALLISTERCityNm
State AbbreviationMTStateAbbreviationCd
ZIP59740ZIPCd
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

FieldValueIRS element (for citing)
PersonLINN W KRIEGPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 160AddressLine1Txt
CityMCALLISTERCityNm
State AbbreviationMTStateAbbreviationCd
ZIP59740ZIPCd
FieldValueIRS element (for citing)
TitleDirectorTitleTxt
Average Hrs Per Wk Devoted To Pos0.00AverageHrsPerWkDevotedToPosRt
Compensation$0CompensationAmt
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$3,067,527AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$24,532AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$3,092,059TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$3,092,059AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$46,381CashDeemedCharitableAmt
Net Vl Noncharitable Assets$3,045,678NetVlNoncharitableAssetsAmt
Minimum Investment Return$152,284MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$152,284MinimumInvestmentReturnAmt
Tax Based On Investment Income$659TaxBasedOnInvestmentIncomeAmt
Total Tax$659TotalTaxAmt
Distributable Before Adj$151,625DistributableBeforeAdjAmt
Distributable Before Ded$151,625DistributableBeforeDedAmt
Distributable As Adjusted$151,625DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$141,265ExpensesAndContributionsAmt
Qualifying Distributions$141,265QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$151,625DistributableAsAdjustedAmt
Undistributed Income PY$112,597UndistributedIncomePYAmt
Qualifying Distributions$141,265QualifyingDistributionsAmt
Applied To Year1$112,597AppliedToYear1Amt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$28,668AppliedToCurrentYearAmt
Undistributed Income CY$122,957UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (18 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
DUCKS UNLIMITED
One Waterfowl WayMemphisTN38120NONEPCFURTHER TAX EXEMPT PURPOSE$24,830
SALVATION ARMY
32 S Rouse AveBozemanMT59715NONEPCFURTHER TAX EXEMPT PURPOSE$10,000
MONTANA FOOD BANK
5625 ExpresswayMissoulaMT59808NONEPCFURTHER TAX EXEMPT PURPOSE$1,000
HABITAT FOR HUMANITY
230 Arden DrBelgradeMT59714NONEPCFURTHER TAX EXEMPT PURPOSE$10,000
Heifer International
1 World AvenueLittle RockAR72202NONEPCFURTHER TAX EXEMPT PURPOSE$7,500
National Wildlife Federation
PO Box 1583MerrifieldVA22116NONEPCFURTHER TAX EXEMPT PURPOSE$3,000
The Nature Conservancy
40 E Main St 200BozemanMT59715NONEPCFURTHER TAX EXEMPT PURPOSE$1,500
Tools for Tomorrow
42-600 Cook Street 203Palm DesertCA92211NONEPCFURTHER TAX EXEMPT PURPOSE$10,000
Madison Valley Medical Center
305 N MainEnnisMT59729NONEPCFURTHER TAX EXEMPT PURPOSE$35,000
St Labre Indian School
1000 Tongue River RoadAshlandMT59003NONEPCFURTHER TAX EXEMPT PURPOSE$2,000
National Park Foundation
1110 Vermont Ave NW Suite 200WashingtonDC20005NONEPCFURTHER TAX EXEMPT PURPOSE$1,000
Toys for Tots
18251 Quantico Gateway DriveTriangleVA22172NONEPCFURTHER TAX EXEMPT PURPOSE$1,000
American Indian College Foundation
8333 Greenwood BlvdDenverCO80221NONEPCFURTHER TAX EXEMPT PURPOSE$5,000
National Adubon Society
225 Varick StreetNew YorkNY10014NONEPCFURTHER TAX EXEMPT PURPOSE$6,000
Ocean Conservancy
1300 19th Street NWWashingtonDC20036NONEPCFurther tax exempt purpose.$5,000
Wave Hill Public Garden
4900 Independence Avethe BronxNY10471PCFurther tax exempt purpose.$5,000
Glynwood Farm - Sustainable Farming
362 glynwood rdcold springNY10516PCFurther tax exempt purpose.$10,000
St Mark's Episcopal Church
207 W 4th aveBig TimberMT59011PCFurther tax exempt purpose.$1,600
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$139,430TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Related Or Exempt Function Incm$3RelatedOrExemptFunctionIncmAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Related Or Exempt Function Incm$49,245RelatedOrExemptFunctionIncmAmt

Other Investment Income OtherInvestmentIncomeGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$326RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm-$333RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$49,241RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$49,241TotalIncomeProducingActyAmt

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

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp

FieldValueIRS element (for citing)
DescRoundingDesc
BOY Book Value$1BOYBookValueAmt
EOY Book Value$2EOYBookValueAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescLICENSES & TAXESDesc
Revenue And Expenses Per Books$35RevenueAndExpensesPerBooksAmt
Net Investment Income$35NetInvestmentIncomeAmt
Disbursements Charitable Prps$35DisbursementsCharitablePrpsAmt

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
DescOther Investment IncomeDesc
Revenue And Expenses Per Books$326RevenueAndExpensesPerBooksAmt

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