LMAC FOUNDATION INC: Form 990PF, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
LMAC FOUNDATION INC (EIN 54-1965097)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-11-12
IRS object ID
202543169349100249
Schema version
2024v5.2
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)
Return2025-11-12T12:05:50-08:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN453813397PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Eiger Lang & Company CPA LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1234 Industrial Way W Bldg A Ste 100AddressLine1Txt
CityEatontownCityNm
State AbbreviationNJStateAbbreviationCd
ZIP07724ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2024-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN541965097EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1LMAC FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlLMACBusinessNameControlTxt
Phone2028418542PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line110536 MORELAND ROADAddressLine1Txt
CityDELAPLANECityNm
State AbbreviationVAStateAbbreviationCd
ZIP20144ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonLISA KOTEEN GERCHICKPersonNm
Person TitlePRESIDENTPersonTitleTxt
Signature2025-11-12SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMark EigerPreparerPersonNm
PTINP00298520PTIN
Phone7327398800PhoneNum
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$718,630FMVAssetsEOYAmt
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$9,231InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$9,231InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$9,231InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$9,700DividendsRevAndExpnssAmt
Dividends Net Invst Incm$9,700DividendsNetInvstIncmAmt
Dividends Adj Net Incm$9,700DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$12,578NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$164,163GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$12,578CapGainNetIncmNetInvstIncmAmt
Net ST Capital Gain Adj Net Incm$12,578NetSTCapitalGainAdjNetIncmAmt
Total Rev And Expnss$31,509TotalRevAndExpnssAmt
Total Net Invst Incm$31,509TotalNetInvstIncmAmt
Total Adj Net Incm$31,509TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$600AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$600AccountingFeesNetInvstIncmAmt
Taxes Rev And Expnss$506TaxesRevAndExpnssAmt
Taxes Net Invst Incm$506TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss$4,730OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$4,730OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$5,836TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$5,836TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$45,550ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$45,550ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$51,386TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$5,836TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$45,550TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$19,877ExcessRevenueOverExpensesAmt
Net Investment Income$25,673NetInvestmentIncomeAmt
Adjusted Net Income$31,509AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$24,465CashBOYAmt
Cash EOY$28,359CashEOYAmt
Cash EOYFMV$28,359CashEOYFMVAmt
Sav And Temp Cash Invst BOY$2,693SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$15,120SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$15,120SavAndTempCashInvstEOYFMVAmt
Other Investments BOY$649,334OtherInvestmentsBOYAmt
Other Investments EOY$675,151OtherInvestmentsEOYAmt
Other Investments EOYFMV$675,151OtherInvestmentsEOYFMVAmt
Total Assets BOY$676,492TotalAssetsBOYAmt
Total Assets EOY$718,630TotalAssetsEOYAmt
Total Assets EOYFMV$718,630TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$676,492NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$718,630NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$676,492TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$718,630TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$676,492TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$718,630TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$676,492TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$19,877ExcessRevenueOverExpensesAmt
Other Increases$62,015OtherIncreasesAmt
Subtotal$718,630SubtotalAmt
Tot Net Ast Or Fund Balances EOY$718,630TotNetAstOrFundBalancesEOYAmt

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
MORGAN STANLEY ST COVEREDP2024-01-012024-12-31$146,612$136,040$10,572$10,572
MORGAN STANLEY LT COVEREDP2024-12-31$17,551$15,545$2,006$2,006
FieldValueIRS element (for citing)
Capital Gain Net Income$12,578CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss$12,578NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$357InvestmentIncomeExciseTaxAmt
Subtotal$357SubtotalAmt
Tax Based On Investment Income$357TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$1,200EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$1,200TotalPaymentsAndCreditsAmt
Overpayment$843OverpaymentAmt
Applied To ES Tax$843AppliedToESTaxAmt

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 SatisfiedfalseSection508eRqrSatisfiedInd
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 Line1LISA KOTEEN GERCHICKBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone7037908246PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line110536 MORELAND ROADAddressLine1Txt
CityDELAPLANECityNm
State AbbreviationVAStateAbbreviationCd
ZIP20144ZIPCd
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 (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
LISA KOTEEN GERCHICK
10536 MORELAND ROADDELAPLANEVA20144President0.00$0
MARK L GERCHICK
10536 MORELAND ROADDELAPLANEVA20144Treasurer0.00$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$600,000AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$50,000AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$650,000TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$650,000AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$9,750CashDeemedCharitableAmt
Net Vl Noncharitable Assets$640,250NetVlNoncharitableAssetsAmt
Minimum Investment Return$32,013MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$32,013MinimumInvestmentReturnAmt
Tax Based On Investment Income$357TaxBasedOnInvestmentIncomeAmt
Total Tax$357TotalTaxAmt
Distributable Before Adj$31,656DistributableBeforeAdjAmt
Distributable Before Ded$31,656DistributableBeforeDedAmt
Distributable As Adjusted$31,656DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$45,550ExpensesAndContributionsAmt
Qualifying Distributions$45,550QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$31,656DistributableAsAdjustedAmt
Excess Distribution Cyov Yr4$5,363ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$2,776ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr1$24ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$8,163TotalExcessDistributionCyovAmt
Qualifying Distributions$45,550QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$31,656AppliedToCurrentYearAmt
Remaining Distri From Corpus$13,894RemainingDistriFromCorpusAmt
Total Corpus$22,057TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$22,057ExcessDistriCyovToNextYrAmt
Excess From Year4$5,363ExcessFromYear4Amt
Excess From Year3$2,776ExcessFromYear3Amt
Excess From Year1$24ExcessFromYear1Amt
Excess From Current Year$13,894ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonLMAC FOUNDATIONRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line110536 MORELAND ROADAddressLine1Txt
CityDELAPLANECityNm
State AbbreviationVAStateAbbreviationCd
ZIP20144ZIPCd
FieldValueIRS element (for citing)
Recipient Phone7037908246RecipientPhoneNum
Form And Info And MaterialsNO SET RULESFormAndInfoAndMaterialsTxt
Submission DeadlinesNO DEADLINESSubmissionDeadlinesTxt
Restrictions On AwardsNO RESTRICTIONS OR LIMITATIONS ON AWARDSRestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (18 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
APPALACHIAN TRAIL CONSERV
799 WASHINGTON STHARPERS FERRYWV25425NONEPCCHARITY$5,000
DC SCORES
1140 CONNECTICUT AVE NWWASHINGTONDC20036NONEPCCHARITY$3,500
BRENNAN CENTER
1140 CONNECTICUT AVE NWWASHINGTONDC20036NONEPCCHARITY$6,000
CAMPAIGN LEGAL CENTER
1101 14TH ST NWWASHINGTONDC20005NONEPCCHARITY$3,000
FAUQUIER FOOD BANK
249 E SHIRLEY AVEWARRENTONVA20186NONEPCCHARITY$1,000
LWVED
1730 M ST NWWASHINGTONDC20036NONEPCCHARITY$1,500
OAR
2111 WILSON BLVDARLINGTONVA22201NONEPCCHARITY$500
PIEDMONT ENVIRONMENTAL COUNCIL
45 HOMER STWARRENTONVA20186NONEPCCHARITY$8,000
POTOMAC CONSERVANCY
962 WAYNE AVESILVER SPRINGMD20910NONEPCCHARITY$6,000
US HOLOCAUST MEMORIAL MUSEUM
100 RAOUL WALLENBERG PLSWWASHINGTONDC20024NONEPCCHARITY$1,000
VERIFIED VOTING FOUNDATION
1735 MARKET STPHILADELPHIAPA19103NONEPCCHARITY$2,550
WAMU 885
PO BOX 98101WASHINGTONDC20036NONEPCCHARITY$1,000
VIRGINIA OUTDOORS FOUNDATION
39 GARRETT STWARRENTONVA20186NONEPCCHARITY$500
THE NEWS LITERACY PROJECT
5335 WISCONSIN AVE NWWASHINGTONDC20015NONEPCCHARITY$250
PLANNED PARENTHOOD
123 WILLIAM ST FLOOR 10NEW YORKNY10038NONEPCCHARITY$3,500
THE GOOSE CREEK ASSOCIATION
PO BOX 1178MIDDLEBURGVA20118NONEPCCHARITY$250
PIEDMONT JOURNALISM FOUNDATION
53 SOUTH THIRD STREETWARRENTONVA20186NONEPCCHARITY$1,000
CAFB
4900 PUERTO RICO AVENUE NEWASHINGTONDC20017NONEPCCHARITY$1,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$45,550TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$9,231RelatedOrExemptFunctionIncmAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$9,700ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$12,578RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$9,700ExclusionAmt
Related Or Exempt Function Incm$21,809RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$31,509TotalIncomeProducingActyAmt

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$600Amt
Net Investment Income$600NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp

FieldValueIRS element (for citing)
Category Or ItemMORGAN STANLEY (157948)CategoryOrItemTxt
Listed At Cost Or FMVFMVListedAtCostOrFMVCd
Book Value$675,151BookValueAmt
EOYFMV$675,151EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
EMA ANNUAL FEE$150$150
INVESTMENT ADVISORY FEES$4,580$4,580

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryFOREIGN TAXESCategoryTxt
Amt$506Amt
Net Investment Income$506NetInvestmentIncomeAmt

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