VOTUM FOUNDATION INC: Form 990PF, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
VOTUM FOUNDATION INC (EIN 59-3580800)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-11-17
IRS object ID
202503219349101205
Schema version
2024v5.0
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)
Return2025-11-17T09:23:53-05:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1JIM D LEE CPABusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1500 S FLORIDA AVE STE 530AddressLine1Txt
CityLAKELANDCityNm
State AbbreviationFLStateAbbreviationCd
ZIP338015268ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2024-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN593580800EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1VOTUM FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlVOTUBusinessNameControlTxt
Phone8636471581PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 330AddressLine1Txt
CityLAKELANDCityNm
State AbbreviationFLStateAbbreviationCd
ZIP33802ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonLAWRENCE W MAXWELLPersonNm
Person TitlePRES/TREASPersonTitleTxt
Phone8636471581PhoneNum
Signature2025-11-12SignatureDt
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJIM D LEEPreparerPersonNm
PTINP01233071PTIN
Phone8636867330PhoneNum
Preparation2025-11-17PreparationDt
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$24,337,055FMVAssetsEOYAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$12,700,000ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$21,739InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$21,739InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$21,739InterestOnSavingsAdjNetIncmAmt
Other Income Rev And Expnss$1,634,414OtherIncomeRevAndExpnssAmt
Other Income Adj Net Incm$1,634,414OtherIncomeAdjNetIncmAmt
Total Rev And Expnss$14,356,153TotalRevAndExpnssAmt
Total Net Invst Incm$21,739TotalNetInvstIncmAmt
Total Adj Net Incm$1,656,153TotalAdjNetIncmAmt
Other Prof Fees Rev And Expnss$5,231OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$5,231OtherProfFeesNetInvstIncmAmt
Taxes Rev And Expnss$70TaxesRevAndExpnssAmt
Taxes Dsbrs Chrtbl$70TaxesDsbrsChrtblAmt
Other Expenses Rev And Expnss$91OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$91OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$5,392TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$5,322TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$70TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$1,350,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$1,350,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$1,355,392TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$5,322TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$1,350,070TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$13,000,761ExcessRevenueOverExpensesAmt
Net Investment Income$16,417NetInvestmentIncomeAmt
Adjusted Net Income$1,656,153AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$2,858,783SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$2,079,348SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$2,079,348SavAndTempCashInvstEOYFMVAmt
Other Nts And Loans Rcvbl$325,000OtherNtsAndLoansRcvblAmt
Other Nts And Loans Rcvbl BOY$325,000OtherNtsAndLoansRcvblBOYAmt
Other Nts And Loans Rcvbl EOY$325,000OtherNtsAndLoansRcvblEOYAmt
Other Nts And Loans Rcvbl EOYFMV$325,000OtherNtsAndLoansRcvblEOYFMVAmt
Other Assets BOY$8,152,511OtherAssetsBOYAmt
Other Assets EOY$21,932,707OtherAssetsEOYAmt
Other Assets EOYFMV$21,932,707OtherAssetsEOYFMVAmt
Total Assets BOY$11,336,294TotalAssetsBOYAmt
Total Assets EOY$24,337,055TotalAssetsEOYAmt
Total Assets EOYFMV$24,337,055TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$11,336,294NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$24,337,055NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$11,336,294TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$24,337,055TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$11,336,294TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$24,337,055TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$11,336,294TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$13,000,761ExcessRevenueOverExpensesAmt
Subtotal$24,337,055SubtotalAmt
Tot Net Ast Or Fund Balances EOY$24,337,055TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$228InvestmentIncomeExciseTaxAmt
Subtotal$228SubtotalAmt
Tax Based On Investment Income$228TaxBasedOnInvestmentIncomeAmt
Tax Due$228TaxDueAmt

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 StateFLOrgReportOrRegisterStateCd
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 BooksLAWRENCE W MAXWELLIndividualWithBooksNm
Phone8636471581PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1500 S FLORIDA AVE SUITE 700AddressLine1Txt
CityLAKELANDCityNm
State AbbreviationFLStateAbbreviationCd
ZIP33801ZIPCd
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 (4 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
LAWRENCE W MAXWELL
500 S FLORIDA AVE SUITE 700LAKELANDFL33801PRES/TREAS5.00$0$0$0
ANITA K MAXWELL
500 S FLORIDA AVE SUITE 700LAKELANDFL33801VP/SECTRY1.00$0$0$0
AMANDA R DROST
500 S FLORIDA AVE SUITE 700LAKELANDFL33801DIRECTOR1.00$0$0$0
BENJAMIN DE FALK
500 S FLORIDA AVE SUITE 700LAKELANDFL33801DIRECTOR1.00$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$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$2,409,772AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$2,409,772TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$2,409,772AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$36,147CashDeemedCharitableAmt
Net Vl Noncharitable Assets$2,373,625NetVlNoncharitableAssetsAmt
Minimum Investment Return$118,681MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$118,681MinimumInvestmentReturnAmt
Tax Based On Investment Income$228TaxBasedOnInvestmentIncomeAmt
Total Tax$228TotalTaxAmt
Distributable Before Adj$118,453DistributableBeforeAdjAmt
Distributable Before Ded$118,453DistributableBeforeDedAmt
Distributable As Adjusted$118,453DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$1,350,070ExpensesAndContributionsAmt
Qualifying Distributions$1,350,070QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$118,453DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$1,267,437ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$2,042,251ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$2,755,799ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$870,411ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$3,299,795ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$10,235,693TotalExcessDistributionCyovAmt
Qualifying Distributions$1,350,070QualifyingDistributionsAmt
Applied To Current Year$118,453AppliedToCurrentYearAmt
Remaining Distri From Corpus$1,231,617RemainingDistriFromCorpusAmt
Total Corpus$11,467,310TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$1,267,437ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$10,199,873ExcessDistriCyovToNextYrAmt
Excess From Year4$2,042,251ExcessFromYear4Amt
Excess From Year3$2,755,799ExcessFromYear3Amt
Excess From Year2$870,411ExcessFromYear2Amt
Excess From Year1$3,299,795ExcessFromYear1Amt
Excess From Current Year$1,231,617ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonLAWRENCE MAXWELLRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1500 SOUTH FLORIDA AVEAddressLine1Txt
Address Line2SUITE 700AddressLine2Txt
CityLAKELANDCityNm
State AbbreviationFLStateAbbreviationCd
ZIP33801ZIPCd
FieldValueIRS element (for citing)
Recipient Phone8636471581RecipientPhoneNum
Recipient Email AddressLMAXWELL@CENTURYCOMPANIES.NETRecipientEmailAddressTxt
Form And Info And MaterialsNAME, ADDRESS, TELEPHONE NUMBER, CONTACT PERSON, PURPOSE FOR REQUESTFormAndInfoAndMaterialsTxt
Submission DeadlinesNONESubmissionDeadlinesTxt
Restrictions On AwardsSUPPORT MAY BE MADE FOR A WIDE VARIETY OF CHARITABLE ACTIVITIES INCLUDING EDUCATION, HEALTH, ARTS AND CULTURAL, HUMAN SERVICE, AND CIVIC AND ENVIRONMENTAL PROGRAMS.RestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (12 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
INDIANA WESLEYAN UNIVERSITY
4201 S WASHINGTON STMARIONIN46953EDUCATION$100,000
WARNER UNIVERSITY
13895 HIGHWAY 27LAKE WALESFL33859EDUCATION$250,000
OHIO CHRISTIAN UNIVERSITY
1476 LANCASTER PIKECIRCLEVILLEOH43113EDUCATION$200,000
EQUIP LEADERSHIP INC
2050 SUGARLOAF CIRDULUTHGA30097MINISTRY$200,000
MY MEDIC CHARITIES
120 N REDWOOD RD STE ANORTH SALT LAKEUT84054MEDICAL ASSISTANCE$25,000
CIRCLE OF FRIENDS
105 E STUART AVELAKE WALESFL33853COMMUNITY ASSISTANCE$20,000
H-3 ADVENTURES
5851 MARION COUNTY RDLADY LAKEFL32159MENTAL HEALTH ASSISTANCE$10,000
SALVATION ARMY
PO BOX 928LAKELANDFL33802MINISTRY$100,000
WORLD GOSPEL MISSION (WGM)
PO BOX 948MARIONIN46952MINISTRY$150,000
ERSKINE COLLEGE
2 WASHINGTON STDUE WESTSC29639EDUCATION$50,000
WORLD HOPE INTERNATIONAL
PO BO X743794ATLANTAGA30374MINISTRY$200,000
RADIO TRAINING NETWORK
5015 S FLORIDA AVE 409LAKELANDFL33813MINISTRY$45,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$1,350,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$21,739ExclusionAmt

Other Revenue Described OtherRevenueDescribedGrp (2 entries)

DescDescRelated Or Exempt Function IncmRelatedOrExemptFunctionIncmAmt
OTHER REVENUE$447,217
PARTNERSHIPS$1,187,197

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$21,739ExclusionAmt
Related Or Exempt Function Incm$1,634,414RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$1,656,153TotalIncomeProducingActyAmt

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 PersonANITA MAXWELLContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1500 S FLORIDA AVE SUITE 700AddressLine1Txt
CityLAKELANDCityNm
State AbbreviationFLStateAbbreviationCd
ZIP33801ZIPCd
FieldValueIRS element (for citing)
Total Contributions$12,700,000TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp (2 entries)

DescDescBOY Book ValueBOYBookValueAmtEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
PARTNERSHIPS$8,152,511$9,232,707$9,232,707
OTHER NOTES$12,700,000$12,700,000

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
EXPENSES
BANK FEES$91$91

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtAdjusted Net IncomeAdjustedNetIncomeAmt
OTHER REVENUE$447,217$447,217
PARTNERSHIPS$1,187,197$1,187,197

Other Notes Loans Rcvbl Short Sch2 OtherNotesLoansRcvblShortSch2

Other Notes Loans Rcvbl Short OtherNotesLoansRcvblShortGrp

Organization501c3 Name Organization501c3Name

FieldValueIRS element (for citing)
Business Name Line1MISCELLANEOUS LOAN ACCTSBusinessNameLine1Txt
FieldValueIRS element (for citing)
Balance Due$325,000BalanceDueAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryPROFESSIONAL FEESCategoryTxt
Amt$5,231Amt
Net Investment Income$5,231NetInvestmentIncomeAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryLICENSE & TAXESCategoryTxt
Amt$70Amt
Disbursements Charitable Prps$70DisbursementsCharitablePrpsAmt

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