LILLIAN AND ALBERT NOREN FOUNDATIONINC: Form 990PF, tax year 2024

View the entire original 990 at ProPublica ↗

Organization: LILLIAN AND ALBERT NOREN FOUNDATIONINC (EIN 20-8766178)
Tax period: 2024-01-01 to 2024-12-31
Filed: 2025-11-11
IRS object ID: 202503159349101025
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
Form 990-PF
Accounting Fees Schedule
Expln Of Non Filing With AG Stmt
Gain Loss Sale Other Assets Sch
Investments Corp Stock Schedule
Taxes Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2025-11-11T11:01:28-05:00	ReturnTs
Tax Period End	2024-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	591949459	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	HINKLE RHINE & ROOT LLC	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	525 NE 3RD AVENUE SUITE 102	AddressLine1Txt
City	DELRAY BEACH	CityNm
State Abbreviation	FL	StateAbbreviationCd
ZIP	33444	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnTypeCd
Tax Period Begin	2024-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	208766178	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	LILLIAN & ALBERT NOREN FOUNDATION	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	LILL	BusinessNameControlTxt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	54 SW BOCA RATON BLVD	AddressLine1Txt
City	BOCA RATON	CityNm
State Abbreviation	FL	StateAbbreviationCd
ZIP	33432	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	MICHAEL KOTLER	PersonNm
Person Title	TRUSTEE	PersonTitleTxt
Phone	5613619600	PhoneNum
Signature	2025-10-27	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Field	Value	IRS element (for citing)
IRS Responsible Prty Info Curr	Yes (true)	IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	SCOTT T RHINE	PreparerPersonNm
PTIN	P00035886	PTIN
Phone	5613142201	PhoneNum
Preparation	2025-11-06	PreparationDt

Field	Value	IRS element (for citing)
Tax	2024	TaxYr
Build TS	2025-03-06 01:10:19Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
FMV Assets EOY	$45,834	FMVAssetsEOYAmt
Method Of Accounting Cash	Yes (X)	MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Schedule B Not Required	Yes (X)	ScheduleBNotRequiredInd
Dividends Rev And Expnss	$678	DividendsRevAndExpnssAmt
Dividends Net Invst Incm	$678	DividendsNetInvstIncmAmt
Dividends Adj Net Incm	$678	DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss	$3,074	NetGainSaleAstRevAndExpnssAmt
Gross Sales Price	$6,708	GrossSalesPriceAmt
Total Rev And Expnss	$3,752	TotalRevAndExpnssAmt
Total Net Invst Incm	$678	TotalNetInvstIncmAmt
Total Adj Net Incm	$678	TotalAdjNetIncmAmt
Comp Ofcr Dir Trst Rev And Expnss	$1,065	CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm	$1,065	CompOfcrDirTrstNetInvstIncmAmt
Comp Ofcr Dir Trst Adj Net Incm	$1,065	CompOfcrDirTrstAdjNetIncmAmt
Accounting Fees Rev And Expnss	$1,000	AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm	$1,000	AccountingFeesNetInvstIncmAmt
Accounting Fees Adj Net Incm	$1,000	AccountingFeesAdjNetIncmAmt
Taxes Rev And Expnss	$61	TaxesRevAndExpnssAmt
Taxes Net Invst Incm	$61	TaxesNetInvstIncmAmt
Taxes Adj Net Incm	$61	TaxesAdjNetIncmAmt
Tot Opr Expenses Rev And Expnss	$2,126	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$2,126	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm	$2,126	TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$0	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$5,000	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$5,000	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$7,126	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$2,126	TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm	$2,126	TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl	$5,000	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	-$3,374	ExcessRevenueOverExpensesAmt
Net Investment Income	$0	NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Cash BOY	$2,668	CashBOYAmt
Cash EOY	$2,928	CashEOYAmt
Cash EOYFMV	$2,928	CashEOYFMVAmt
Corporate Stock BOY	$29,039	CorporateStockBOYAmt
Corporate Stock EOY	$25,405	CorporateStockEOYAmt
Corporate Stock EOYFMV	$42,906	CorporateStockEOYFMVAmt
Total Assets BOY	$31,707	TotalAssetsBOYAmt
Total Assets EOY	$28,333	TotalAssetsEOYAmt
Total Assets EOYFMV	$45,834	TotalAssetsEOYFMVAmt
Total Liabilities EOY	$0	TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117	Yes (X)	OrgDoesNotFollowFASB117Ind
Retained Earning BOY	$31,707	RetainedEarningBOYAmt
Retained Earning EOY	$28,333	RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY	$31,707	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$28,333	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$31,707	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$28,333	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$31,707	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	-$3,374	ExcessRevenueOverExpensesAmt
Subtotal	$28,333	SubtotalAmt
Tot Net Ast Or Fund Balances EOY	$28,333	TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Investment Income Excise Tax	$0	InvestmentIncomeExciseTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

Field	Value	IRS element (for citing)
Legislative Political Acty	false	LegislativePoliticalActyInd
More Than100 Spent	false	MoreThan100SpentInd
Form1120 POL Filed	false	Form1120POLFiledInd
Activities Not Previously Rpt	false	ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws	false	ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit	false	UnrelatedBusIncmOverLimitInd
Organization Dissolved Etc	false	OrganizationDissolvedEtcInd
Section508e Rqr Satisfied	Yes (true)	Section508eRqrSatisfiedInd
At Least5000 In Assets	Yes (true)	AtLeast5000InAssetsInd
Form990 PF Filed With Atty Gen	false	Form990PFFiledWithAttyGenInd
Private Operating Foundation	false	PrivateOperatingFoundationInd
New Substantial Contributors	false	NewSubstantialContributorsInd
Own Controlled Entity	false	OwnControlledEntityInd
Donor Advised Fund	false	DonorAdvisedFundInd
Comply With Public Insp Rqr	Yes (true)	ComplyWithPublicInspRqrInd
Website Address	N/A	WebsiteAddressTxt
Individual With Books	MICHAEL KOTLER TRUSTEE	IndividualWithBooksNm
Phone	5613619600	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	54 SW BOCA RATON BLVD	AddressLine1Txt
City	BOCA RATON	CityNm
State Abbreviation	FL	StateAbbreviationCd
ZIP	33432	ZIPCd

Field	Value	IRS element (for citing)
Foreign Accounts Question	false	ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Field	Value	IRS element (for citing)
Sale Or Exch Disqualified Prsn	false	SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn	false	BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified Prsn	false	FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified Prsn	false	PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn	false	TransferAstDisqualifiedPrsnInd
Payment To Government Official	false	PaymentToGovernmentOfficialInd
Undistributed Income PY	false	UndistributedIncomePYInd
Business Holdings	false	BusinessHoldingsInd
Jeopardy Investments	false	JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst	false	UncorrectedPYJeopardyInvstInd
Influence Legislation	false	InfluenceLegislationInd
Influence Election	false	InfluenceElectionInd
Grants To Individuals	false	GrantsToIndividualsInd
Grants To Organizations	false	GrantsToOrganizationsInd
Noncharitable Purpose	false	NoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	false	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	false	PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht Pymt	false	SubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (2 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	TitleTitleTxt	Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt	CompensationCompensationAmt	Employee Benefit ProgramEmployeeBenefitProgramAmt	Expense Account Other AllwncExpenseAccountOtherAllwncAmt
MICHAEL KOTLER
54 SW BOCA RATON BLVD	BOCA RATON	FL	33432	TRUSTEE	000.00	$355	$0	$0
BARRY AND BARBARA KOTLER
67 LAKE EDEN DRIVE	BOYNTON BEACH	FL	33432	TRUSTEE	000.00	$710	$0	$0

Field	Value	IRS element (for citing)
Comp Of Hghst Pd Empl Or NONE	NONE	CompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONE	NONE	CompOfHghstPdCntrctOrNONETxt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

Field	Value	IRS element (for citing)
Description1	N/A	Description1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

Field	Value	IRS element (for citing)
Average Monthly FMV Of Sec	$41,505	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$5,611	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$0	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$47,116	TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast	$47,116	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$707	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$46,409	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$2,320	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$2,320	MinimumInvestmentReturnAmt
Distributable Before Adj	$2,320	DistributableBeforeAdjAmt
Distributable Before Ded	$2,320	DistributableBeforeDedAmt
Distributable As Adjusted	$2,320	DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$5,000	ExpensesAndContributionsAmt
Qualifying Distributions	$5,000	QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$2,320	DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5	$6,933	ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4	$1,622	ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3	$2,120	ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2	$2,763	ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1	$3,004	ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov	$16,442	TotalExcessDistributionCyovAmt
Qualifying Distributions	$5,000	QualifyingDistributionsAmt
Applied To Current Year	$2,320	AppliedToCurrentYearAmt
Remaining Distri From Corpus	$2,680	RemainingDistriFromCorpusAmt
Total Corpus	$19,122	TotalCorpusAmt
Undistributed Income CY	$0	UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5	$6,933	ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr	$12,189	ExcessDistriCyovToNextYrAmt
Excess From Year4	$1,622	ExcessFromYear4Amt
Excess From Year3	$2,120	ExcessFromYear3Amt
Excess From Year2	$2,763	ExcessFromYear2Amt
Excess From Year1	$3,004	ExcessFromYear1Amt
Excess From Current Year	$2,680	ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

Field	Value	IRS element (for citing)
Only Contri To Preselected	Yes (X)	OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

Recipient Business Name RecipientBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	GRANDVIEW PREPARATORY SCHOOL	BusinessNameLine1Txt

Recipient US Address RecipientUSAddress

Field	Value	IRS element (for citing)
Address Line1	336 SPANISH RIVER BLVD	AddressLine1Txt
City	BOCA RATON	CityNm
State Abbreviation	FL	StateAbbreviationCd
ZIP	33431	ZIPCd

Field	Value	IRS element (for citing)
Recipient Relationship	NONE	RecipientRelationshipTxt
Grant Or Contribution Purpose	CHARITABLE / GENERAL PURPOSE	GrantOrContributionPurposeTxt
Amt	$5,000	Amt

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$5,000	TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$678	ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

Field	Value	IRS element (for citing)
Related Or Exempt Function Incm	$3,074	RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Field	Value	IRS element (for citing)
Exclusion	$678	ExclusionAmt
Related Or Exempt Function Incm	$3,074	RelatedOrExemptFunctionIncmAmt

Field	Value	IRS element (for citing)
Total Income Producing Acty	$3,752	TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Field	Value	IRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO	false	TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO	false	TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets	false	SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO	false	PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets	false	RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements	false	ReimbursementArrangementsInd
Loans Or Loan Guarantees	false	LoansOrLoanGuaranteesInd
Performance Of Services Etc	false	PerformanceOfServicesEtcInd
Sharing Of Facilities Etc	false	SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO	false	RelationshipsNonchrtblEOInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

Field	Value	IRS element (for citing)
Category	INDIRECT ACCOUNTING FEES	CategoryTxt
Amt	$1,000	Amt
Net Investment Income	$1,000	NetInvestmentIncomeAmt
Adjusted Net Income	$1,000	AdjustedNetIncomeAmt

Expln Of Non Filing With AG Stmt ExplnOfNonFilingWithAGStmt

Field	Value	IRS element (for citing)
Explanation	FOUNDATION DOES NOT SOLICIT DONATIONS FROM THE PUBLIC.	ExplanationTxt

Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch

Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp (2 entries)

AssetAssetDesc	AcquiredAcquiredDt	How AcquiredHowAcquiredTxt	SoldSoldDt	Gross Sales PriceGrossSalesPriceAmt	BasisBasisAmt	Total NetTotalNetAmt
VANGUARD INDEX FUNDS S&P 500 ETF USD	2020-09	PURCHASE	2024-12	$1,677	$920	$757
VANGUARD INDEX FUNDS S&P 500 ETF USD	2020-09	PURCHASE	2024-12	$5,031	$2,714	$2,317

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (2 entries)

StockStockNm	EOY Book ValueEOYBookValueAmt	EOYFMVEOYFMVAmt
VANGUARD INDEX FUND S&P 500	$22,721	$38,256
SELECT SECTOR SPDR TRUST TECHNOLOGY	$2,684	$4,650

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

Field	Value	IRS element (for citing)
Category	INDIRECT TAXES/LICENSES	CategoryTxt
Amt	$61	Amt
Net Investment Income	$61	NetInvestmentIncomeAmt
Adjusted Net Income	$61	AdjustedNetIncomeAmt

LILLIAN AND ALBERT NOREN FOUNDATIONINC: Form 990PF, tax year 2024

Return header ReturnHeader

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

Preparer US Address PreparerUSAddress

Filer Filer

Business Name BusinessName

US Address USAddress

Business Officer BusinessOfficerGrp

Preparer Person PreparerPersonGrp

Form 990-PF IRS990PF

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Statements Regarding Acty StatementsRegardingActyGrp

Location Of Books US Address LocationOfBooksUSAddress

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (2 entries)

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

Minimum Investment Return MinimumInvestmentReturnGrp

Distributable Amount DistributableAmountGrp

PF Qualifying Distributions PFQualifyingDistributionsGrp

Undistributed Income UndistributedIncomeGrp

Supplementary Information SupplementaryInformationGrp

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

Recipient Business Name RecipientBusinessName

Recipient US Address RecipientUSAddress

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

Expln Of Non Filing With AG Stmt ExplnOfNonFilingWithAGStmt

Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch

Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp (2 entries)

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (2 entries)

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

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