THE LADANE FOUNDATION: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
THE LADANE FOUNDATION (EIN 13-4105176)
Tax period
2021-01-01 to 2021-12-31
Filed
2022-11-14
IRS object ID
202243189349102724
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)
Return2022-11-14T08:42:47-08:00ReturnTs
Tax Period End2021-12-31TaxPeriodEndDt

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 Begin2021-01-01TaxPeriodBeginDt

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 Line111 Causeway DriveAddressLine1Txt
CityOcean Isle BeachCityNm
State AbbreviationNCStateAbbreviationCd
ZIP28469ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonLaDane WilliamsonPersonNm
Person TitlePresidentPersonTitleTxt
Signature2022-11-14SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstLaDanePersonFirstNm
Person LastWilliamsonPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonAndrew SchwarzPreparerPersonNm
PTINP01711446PTIN
Phone7043768415PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer0TrustedCustomerCd
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$3,456,644FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$37,949ContriRcvdRevAndExpnssAmt
Total Rev And Expnss$37,949TotalRevAndExpnssAmt
Total Net Invst Incm$0TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$4,150AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$4,150AccountingFeesNetInvstIncmAmt
Taxes Rev And Expnss$31,350TaxesRevAndExpnssAmt
Taxes Net Invst Incm$31,350TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss$7,899OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$7,899OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$43,399TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$43,399TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$0ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$0ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$43,399TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$43,399TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$0TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$5,450ExcessRevenueOverExpensesAmt
Net Investment Income$0NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$12,095CashBOYAmt
Cash EOY$6,643CashEOYAmt
Cash EOYFMV$6,644CashEOYFMVAmt
Invst Land Cost Or Other Basis$8,320,000InvstLandCostOrOtherBasisAmt
Land Bldg Investments BOY$8,320,000LandBldgInvestmentsBOYAmt
Land Bldg Investments EOY$8,320,000LandBldgInvestmentsEOYAmt
Land Bldg Investments EOYFMV$3,450,000LandBldgInvestmentsEOYFMVAmt
Total Assets BOY$8,332,095TotalAssetsBOYAmt
Total Assets EOY$8,326,645TotalAssetsEOYAmt
Total Assets EOYFMV$3,456,644TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$8,332,095NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$8,326,645NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$8,332,095TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$8,326,645TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$8,332,095TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$8,326,645TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$8,332,095TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$5,450ExcessRevenueOverExpensesAmt
Subtotal$8,326,645SubtotalAmt
Tot Net Ast Or Fund Balances EOY$8,326,645TotNetAstOrFundBalancesEOYAmt

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 Line111 Causeway DriveAddressLine1Txt
CityOcean Isle BeachCityNm
State AbbreviationNCStateAbbreviationCd
ZIP28469ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionYes (true)ForeignAccountsQuestionInd

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
11 Causeway DriveOcean Isle BeachNC28469President10.00$0
Odell Fraiser Bullington
11 Causeway DriveOcean Isle BeachNC28469Director1.00$0
Kendra LaDane Bullington
11 Causeway DriveOcean Isle BeachNC28469Director1.00$0
Nadia Grace Bullington
11 Causeway DriveOcean Isle BeachNC28469Secretary1.00$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$9,370AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$3,450,000FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$3,459,370TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$3,459,370AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$51,891CashDeemedCharitableAmt
Net Vl Noncharitable Assets$3,407,479NetVlNoncharitableAssetsAmt
Minimum Investment Return$170,374MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$170,374MinimumInvestmentReturnAmt
Distributable Before Adj$170,374DistributableBeforeAdjAmt
Distributable Before Ded$170,374DistributableBeforeDedAmt
Distributable As Adjusted$170,374DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$0ExpensesAndContributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$170,374DistributableAsAdjustedAmt
Excess Distribution Cyov Yr4$47,750ExcessDistributionCyovYr4Amt
Total Excess Distribution Cyov$47,750TotalExcessDistributionCyovAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Excess Distri Cyov App CY Corpus$47,750ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$47,750ExcessDistributionCyovAppCYAmt
Undistributed Income CY$122,624UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

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

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

FieldValueIRS element (for citing)
Contributor1ContributorNum
Contributor PersonLaDane WilliamsonContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line111 Causeway DriveAddressLine1Txt
CityOcean Isle BeachCityNm
State AbbreviationNCStateAbbreviationCd
ZIP28469ZIPCd
FieldValueIRS element (for citing)
Total Contributions$39,366TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryTax PreparationCategoryTxt
Amt$4,150Amt
Net Investment Income$4,150NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Investments Land Schedule2 InvestmentsLandSchedule2

Investment Land InvestmentLandGrp

FieldValueIRS element (for citing)
Category Or ItemLandCategoryOrItemTxt
Cost Or Other Basis$8,320,000CostOrOtherBasisAmt
Book Value$8,320,000BookValueAmt
EOYFMV$3,450,000EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
Bank Charges$14$14
Dues$6,881$6,881
Miscellaneous$1,004$1,004

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryProperty TaxesCategoryTxt
Amt$31,350Amt
Net Investment Income$31,350NetInvestmentIncomeAmt

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