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LILLIAN AND ALBERT NOREN FOUNDATIONINC: Form 990PF, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
LILLIAN AND ALBERT NOREN FOUNDATIONINC (EIN 20-8766178)
Tax period
2020-01-01 to 2020-12-31
Filed
2021-11-12
IRS object ID
202133169349100928
Schema version
2020v4.0
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)
Return2021-11-12T09:35:41-06:00ReturnTs
Tax Period End2020-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN591949459PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1HINKLE RICHTER & RHINE LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1525 NE 3RD AVENUE SUITE 102AddressLine1Txt
CityDELRAY BEACHCityNm
State AbbreviationFLStateAbbreviationCd
ZIP33444ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2020-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN208766178EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1LILLIAN & ALBERT NOREN FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlLILLBusinessNameControlTxt

US Address USAddress

FieldValueIRS element (for citing)
Address Line154 SW BOCA RATON BLVDAddressLine1Txt
CityBOCA RATONCityNm
State AbbreviationFLStateAbbreviationCd
ZIP33432ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMICHAEL KOTLERPersonNm
Person TitleTRUSTEEPersonTitleTxt
Signature2021-10-30SignatureDt

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstMICHAELPersonFirstNm
Person LastKOTLERPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonSCOTT T RHINEPreparerPersonNm
PTINP00035886PTIN
Phone5613142201PhoneNum
Preparation2021-11-11PreparationDt
FieldValueIRS element (for citing)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$52,998FMVAssetsEOYAmt
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$659DividendsRevAndExpnssAmt
Dividends Net Invst Incm$659DividendsNetInvstIncmAmt
Dividends Adj Net Incm$659DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$1,792NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$22,602GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$1,792CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$2,454TotalRevAndExpnssAmt
Total Net Invst Incm$2,454TotalNetInvstIncmAmt
Total Adj Net Incm$662TotalAdjNetIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$1,170CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm$1,170CompOfcrDirTrstNetInvstIncmAmt
Comp Ofcr Dir Trst Adj Net Incm$1,170CompOfcrDirTrstAdjNetIncmAmt
Other Expenses Rev And Expnss-$20OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm-$20OtherExpensesNetInvstIncmAmt
Other Expenses Adj Net Incm-$20OtherExpensesAdjNetIncmAmt
Tot Opr Expenses Rev And Expnss$1,150TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$1,150TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm$1,150TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$5,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$5,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$6,150TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$1,150TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm$1,150TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$5,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$3,696ExcessRevenueOverExpensesAmt
Net Investment Income$1,304NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$33,083CashBOYAmt
Cash EOY$18,629CashEOYAmt
Cash EOYFMV$18,629CashEOYFMVAmt
Corporate Stock BOY$20,809CorporateStockBOYAmt
Corporate Stock EOY$31,567CorporateStockEOYAmt
Corporate Stock EOYFMV$34,369CorporateStockEOYFMVAmt
Total Assets BOY$53,892TotalAssetsBOYAmt
Total Assets EOY$50,196TotalAssetsEOYAmt
Total Assets EOYFMV$52,998TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$53,892RetainedEarningBOYAmt
Retained Earning EOY$50,196RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$53,892TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$50,196TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$53,892TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$50,196TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$53,892TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$3,696ExcessRevenueOverExpensesAmt
Subtotal$50,196SubtotalAmt
Tot Net Ast Or Fund Balances EOY$50,196TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (3 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
ISHARE TR PFD AND INCM SECP2020-08-10$4,076$4,531-$455-$455
SECTOR SPOR TR SHS BEN INTP2020-08-10$12,328$10,069$2,259$2,259
WISDOMTREE TR US DIVID EX FNCLP2020-08-10$6,198$6,210-$12-$12
FieldValueIRS element (for citing)
Capital Gain Net Income$1,792CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$18InvestmentIncomeExciseTaxAmt
Subtotal$18SubtotalAmt
Tax Based On Investment Income$18TaxBasedOnInvestmentIncomeAmt
Extsn Request Income Tax Paid$21ExtsnRequestIncomeTaxPaidAmt
Total Payments And Credits$21TotalPaymentsAndCreditsAmt
Overpayment$3OverpaymentAmt
Applied To ES Tax$0AppliedToESTaxAmt
Refund$3RefundAmt

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 GenfalseForm990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt
Individual With BooksMICHAEL KOTLER TRUSTEEIndividualWithBooksNm
Phone5613619600PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line154 SW BOCA RATON BLVDAddressLine1Txt
CityBOCA RATONCityNm
State AbbreviationFLStateAbbreviationCd
ZIP33432ZIPCd
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 (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
MICHAEL KOTLER
54 SW BOCA RATON BLVDBOCA RATONFL33432TRUSTEE2.00$390$0$0
BARRY AND BARBARA KOTLER
67 LAKE EDEN DRIVEBOYNTON BEACHFL33432TRUSTEE2.00$780$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$22,023AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$46,923AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$68,946TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$68,946AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$1,034CashDeemedCharitableAmt
Net Vl Noncharitable Assets$67,912NetVlNoncharitableAssetsAmt
Minimum Investment Return$3,396MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$3,396MinimumInvestmentReturnAmt
Tax Based On Investment Income$18TaxBasedOnInvestmentIncomeAmt
Total Tax$18TotalTaxAmt
Distributable Before Adj$3,378DistributableBeforeAdjAmt
Distributable Before Ded$3,378DistributableBeforeDedAmt
Distributable As Adjusted$3,378DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$5,000ExpensesAndContributionsAmt
Qualifying Distributions$5,000QualifyingDistributionsAmt
Adjusted Qualifying Distri$5,000AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$3,378DistributableAsAdjustedAmt
Excess Distribution Cyov Yr3$15,734ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$6,182ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$6,933ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$28,849TotalExcessDistributionCyovAmt
Qualifying Distributions$5,000QualifyingDistributionsAmt
Applied To Current Year$3,378AppliedToCurrentYearAmt
Remaining Distri From Corpus$1,622RemainingDistriFromCorpusAmt
Total Corpus$30,471TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$30,471ExcessDistriCyovToNextYrAmt
Excess From Year3$15,734ExcessFromYear3Amt
Excess From Year2$6,182ExcessFromYear2Amt
Excess From Year1$6,933ExcessFromYear1Amt
Excess From Current Year$1,622ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1THE UNIVERSITY OF THE ARTSBusinessNameLine1Txt

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1320 SOUTH ROAD STREETAddressLine1Txt
CityPHILADELPHIACityNm
State AbbreviationPAStateAbbreviationCd
ZIP19102ZIPCd
FieldValueIRS element (for citing)
Recipient RelationshipNONERecipientRelationshipTxt
Grant Or Contribution PurposeCHARITABLE / GENERAL PURPOSEGrantOrContributionPurposeTxt
Amt$5,000Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$5,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$3ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$659ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Related Or Exempt Function Incm$1,792RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$662ExclusionAmt
Related Or Exempt Function Incm$1,792RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$2,454TotalIncomeProducingActyAmt

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

Expln Of Non Filing With AG Stmt ExplnOfNonFilingWithAGStmt

FieldValueIRS element (for citing)
ExplanationFOUNDATION DOES NOT SOLICIT DONATIONS FROM THE PUBLIC.ExplanationTxt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (4 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
ISHARES US PREFERRED STOCK PPF
SELECT SECTOR SPDR UTILITIES
WISDOM DIVIDENT ET EX-FINANCIALS
VANGUARD INDEX FUND S&P 500$31,567$34,369

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmtAdjusted Net IncomeAdjustedNetIncomeAmt
EXPENSES
BOOK TAX ADJUSTMENT-$20-$20-$20

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