LAST COCONUT FOUNDATION INC: Form 990PF, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
LAST COCONUT FOUNDATION INC (EIN 30-0189754)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-11-17
IRS object ID
202543219349107619
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)
Return2025-11-17T15:19:43-08:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Wallington and BauerBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line144 Park Avenue West Suite 101AddressLine1Txt
CityMansfieldCityNm
State AbbreviationOHStateAbbreviationCd
ZIP44902ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2024-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN300189754EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Last Coconut Foundation IncBusinessNameLine1Txt
Business Name Line2FKA The Sandel Family FoundationBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlLASTBusinessNameControlTxt
Phone2162140143PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1211 Village WayAddressLine1Txt
CityPanama City BeachCityNm
State AbbreviationFLStateAbbreviationCd
ZIP32413ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMartin L SandelPersonNm
Person TitleTrusteePersonTitleTxt
Signature2025-11-17SignatureDt
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 PersonCharles D BauerPreparerPersonNm
PTINP01332627PTIN
Phone4195222832PhoneNum
Self EmployedYes (X)SelfEmployedInd
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$854,696FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$185,550ContriRcvdRevAndExpnssAmt
Dividends Rev And Expnss$3,088DividendsRevAndExpnssAmt
Dividends Net Invst Incm$3,088DividendsNetInvstIncmAmt
Dividends Adj Net Incm$3,088DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$22,535NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$2,577,755GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$22,535CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$211,173TotalRevAndExpnssAmt
Total Net Invst Incm$25,623TotalNetInvstIncmAmt
Total Adj Net Incm$3,088TotalAdjNetIncmAmt
Taxes Rev And Expnss$218TaxesRevAndExpnssAmt
Trav Conf Meeting Rev And Expnss$10,335TravConfMeetingRevAndExpnssAmt
Other Expenses Rev And Expnss$1,236OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$11,789TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$108,700ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$108,700ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$120,489TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$108,700TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$90,684ExcessRevenueOverExpensesAmt
Net Investment Income$25,623NetInvestmentIncomeAmt
Adjusted Net Income$3,088AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$12,647CashBOYAmt
Cash EOY$152,717CashEOYAmt
Cash EOYFMV$152,717CashEOYFMVAmt
US Govt Obligations EOYFMV$701,979USGovtObligationsEOYFMVAmt
Corporate Stock BOY$542,476CorporateStockBOYAmt
Corporate Stock EOY$493,090CorporateStockEOYAmt
Other Assets BOY$30,003OtherAssetsBOYAmt
Other Assets EOY$30,003OtherAssetsEOYAmt
Total Assets BOY$585,126TotalAssetsBOYAmt
Total Assets EOY$675,810TotalAssetsEOYAmt
Total Assets EOYFMV$854,696TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$585,126NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$675,810NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$585,126TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$675,810TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$585,126TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$675,810TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$585,126TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$90,684ExcessRevenueOverExpensesAmt
Subtotal$675,810SubtotalAmt
Tot Net Ast Or Fund Balances EOY$675,810TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
PropertySecuritiesPropertyDesc
How AcquiredPHowAcquiredCd
Acquired2020-06-01AcquiredDt
Sold2024-06-01SoldDt
Gross Sales Price$2,577,755GrossSalesPriceAmt
Cost Or Other Basis$2,555,220CostOrOtherBasisAmt
Gain Or Loss$22,535GainOrLossAmt
Gains Minus Excess Or Losses$22,535GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$22,535CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$356InvestmentIncomeExciseTaxAmt
Subtotal$356SubtotalAmt
Tax Based On Investment Income$356TaxBasedOnInvestmentIncomeAmt
Tax Due$356TaxDueAmt
Applied To ES Tax$0AppliedToESTaxAmt

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 Line1Martin L SandelBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2162140143PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1211 Village WayAddressLine1Txt
CityPanama City BeachCityNm
State AbbreviationFLStateAbbreviationCd
ZIP32413ZIPCd
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
Martin L Sandel
211 Village WayPanama City BeachFL32413Trustee0.00$0
Karen A Sandel
211 Village WayPanama City BeachFL32413Trustee0.00$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1N/A - Private Non-Operating FoundationDescription1Txt
Expenses1$0Expenses1Amt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$0AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$0TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$0AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$0CashDeemedCharitableAmt
Net Vl Noncharitable Assets$0NetVlNoncharitableAssetsAmt
Minimum Investment Return$0MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Tax Based On Investment Income$356TaxBasedOnInvestmentIncomeAmt
Total Tax$356TotalTaxAmt
Distributable Before Adj$356DistributableBeforeAdjAmt
Distributable Before Ded$356DistributableBeforeDedAmt
Distributable As Adjusted$0DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$108,700ExpensesAndContributionsAmt
Qualifying Distributions$108,700QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$0DistributableAsAdjustedAmt
Excess Distribution Cyov Yr3$42,500ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$90,605ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$156,184ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$289,289TotalExcessDistributionCyovAmt
Qualifying Distributions$108,700QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Remaining Distri From Corpus$108,700RemainingDistriFromCorpusAmt
Total Corpus$397,989TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$397,989ExcessDistriCyovToNextYrAmt
Excess From Year3$42,500ExcessFromYear3Amt
Excess From Year2$90,605ExcessFromYear2Amt
Excess From Year1$156,184ExcessFromYear1Amt
Excess From Current Year$108,700ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (2 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
Bethany Chapel
404 N President StWheatonIL60187EOFCharitable causes$8,700
Third Ladder
3070 Windward Plaza Suite F-835AlpharettaGA30005EOFCharitable causes$100,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$108,700TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$3,088RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$22,535RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$25,623RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$25,623TotalIncomeProducingActyAmt

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 (3 entries)

ContributorContributorNumAddress Line1ContributorUSAddress/AddressLine1TxtCityContributorUSAddress/CityNmState AbbreviationContributorUSAddress/StateAbbreviationCdZIPContributorUSAddress/ZIPCdTotal ContributionsTotalContributionsAmtPerson ContributionPersonContributionInd
Martin Sandel
1211 Village WayPanama City BeachFL32413$130,000Yes (X)
Jared Sandel
27349 Herrick Pk DrHudsonOH44236$10,000Yes (X)
Rachel Morse
337 W Seabrook WayInlet BeachFL32461$42,000Yes (X)

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp

FieldValueIRS element (for citing)
DescFurnitureDesc
BOY Book Value$30,003BOYBookValueAmt
EOY Book Value$30,003EOYBookValueAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt
Internet$261
Professional Expenses$975

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
Amt$218Amt

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