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LAVIN FOUNDATION: Form 990PF, tax year 2015

View the entire original 990 at ProPublica ↗

Organization
LAVIN FOUNDATION (EIN 65-1264736)
Tax period
2015-01-01 to 2015-12-31
Filed
2016-03-04
IRS object ID
201630649349100508
Schema version
2015v2.0
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)
Return2016-03-04T10:23:15-08:00ReturnTs
Tax Period End2015-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1STEVEN J SHIFRIN CPABusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1830 KIMBALL RDAddressLine1Txt
CityHIGHLAND PARKCityNm
State AbbreviationILStateAbbreviationCd
ZIP60035ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2015-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN651264736EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Lavin FoundationBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlLAVIBusinessNameControlTxt
Phone8474322928PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11639 ThornwoodAddressLine1Txt
CityHighland ParkCityNm
State AbbreviationILStateAbbreviationCd
ZIP60035ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonSteven LavinPersonNm
Person TitlePresidentPersonTitleTxt
Signature2016-03-04SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonSteven J ShifrinPreparerPersonNm
PTINP00110195PTIN
Phone8478046555PhoneNum
Self EmployedYes (X)SelfEmployedInd
FieldValueIRS element (for citing)
Tax2015TaxYr
Build TS2016-08-17 19:52:53ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$154,970FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$45,000ContriRcvdRevAndExpnssAmt
Interest On Sav Net Invst Incm$900InterestOnSavNetInvstIncmAmt
Dividends Net Invst Incm$1,872DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss-$224NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$8,125GrossSalesPriceAmt
Other Income Net Invst Incm$5OtherIncomeNetInvstIncmAmt
Total Rev And Expnss$44,776TotalRevAndExpnssAmt
Total Net Invst Incm$2,777TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$1,300AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$1,300AccountingFeesNetInvstIncmAmt
Other Expenses Rev And Expnss$22OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$7OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$1,322TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$1,307TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$0ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$0ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$1,322TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$1,307TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$0TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$43,454ExcessRevenueOverExpensesAmt
Net Investment Income$1,470NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$48,227CashBOYAmt
Cash EOY$102,514CashEOYAmt
Cash EOYFMV$102,514CashEOYFMVAmt
Corporate Stock BOY$68,163CorporateStockBOYAmt
Corporate Stock EOY$59,814CorporateStockEOYAmt
Corporate Stock EOYFMV$52,456CorporateStockEOYFMVAmt
Total Assets BOY$116,390TotalAssetsBOYAmt
Total Assets EOY$162,328TotalAssetsEOYAmt
Total Assets EOYFMV$154,970TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind
Unrestricted BOY$116,390UnrestrictedBOYAmt
Unrestricted EOY$162,328UnrestrictedEOYAmt
Tot Net Ast Or Fund Balances BOY$116,390TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$162,328TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$116,390TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$162,328TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$116,390TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$43,454ExcessRevenueOverExpensesAmt
Other Increases$2,679OtherIncreasesAmt
Subtotal$162,523SubtotalAmt
Other Decreases$195OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$162,328TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$53,250AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$66,522NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.80049DistributionYr1Rt
Adjusted Qlfy Distri Yr2$80,842AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$56,116NetVlNoncharitableAssetsYr2Amt
Distribution Yr21.44062DistributionYr2Rt
Adjusted Qlfy Distri Yr3$31,050AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$46,218NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.67182DistributionYr3Rt
Adjusted Qlfy Distri Yr4$62,736AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$117,869NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.53225DistributionYr4Rt
Adjusted Qlfy Distri Yr5$7,550AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$22,046NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.34247DistributionYr5Rt
Total Distribution3.787644TotalDistributionRt
Average Distribution0.757529AverageDistributionRt
Net Vl Noncharitable Assets$109,916NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$83,265AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$15NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$83,280AdjNonchrtblNetInvstIncmPctAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$29InvestmentIncomeExciseTaxAmt
Subtotal$29SubtotalAmt
Tax Based On Investment Income$29TaxBasedOnInvestmentIncomeAmt
Tax Due$29TaxDueAmt

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
Form990 T FiledfalseForm990TFiledInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedfalseSection508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateILOrgReportOrRegisterStateCd
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 Line1Steven LavinBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone8474322928PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line11639 Thornwood LaneAddressLine1Txt
CityHighland ParkCityNm
State AbbreviationILStateAbbreviationCd
ZIP60035ZIPCd
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
Undistr Incm Sect4942a2 Not AppfalseUndistrIncmSect4942a2NotAppInd
Business HoldingsfalseBusinessHoldingsInd
Excess Business HoldingsfalseExcessBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Transactions Fail To Qlfy As ExcfalseTransactionsFailToQlfyAsExcInd
Maintained Expenditure RspnsfalseMaintainedExpenditureRspnsInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Proceeds Or Net IncomefalseProceedsOrNetIncomeInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
Steven Lavin
1639 Thornwood LnHighland ParkIL60035President1.00$0
Dawn Lavin
1639 Thornwood LnHighland ParkIL60035Treasurer0.00$0
Sheldon Lavin
1225 Corporate BlvdAuroraIL60505Director0.00$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$55,357AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$56,233AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$111,590TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$111,590AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$1,674CashDeemedCharitableAmt
Net Vl Noncharitable Assets$109,916NetVlNoncharitableAssetsAmt
Minimum Investment Return$5,496MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$5,496MinimumInvestmentReturnAmt
Tax Based On Investment Income$29TaxBasedOnInvestmentIncomeAmt
Total Tax$29TotalTaxAmt
Distributable Before Adj$5,467DistributableBeforeAdjAmt
Distributable Before Ded$5,467DistributableBeforeDedAmt
Distributable As Adjusted$5,467DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$0ExpensesAndContributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$5,467DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$6,448ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$56,858ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$28,739ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$80,900ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$50,119ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$223,064TotalExcessDistributionCyovAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Excess Distri Cyov App CY Corpus$5,467ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$5,467ExcessDistributionCyovAppCYAmt
Total Corpus$217,597TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$981ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$216,616ExcessDistriCyovToNextYrAmt
Excess From Year4$56,858ExcessFromYear4Amt
Excess From Year3$28,739ExcessFromYear3Amt
Excess From Year2$80,900ExcessFromYear2Amt
Excess From Year1$50,119ExcessFromYear1Amt

Supplementary Information SupplementaryInformationGrp

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

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm-$224RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm-$224RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty-$224TotalIncomeProducingActyAmt

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 PersonSteven Dawn LavinContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line11639 ThornwoodAddressLine1Txt
CityHighland ParkCityNm
State AbbreviationILStateAbbreviationCd
ZIP60035ZIPCd
FieldValueIRS element (for citing)
Total Contributions$45,000TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryAccountingCategoryTxt
Amt$1,300Amt
Net Investment Income$1,300NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
EOY Book Value$59,814EOYBookValueAmt
EOYFMV$52,456EOYFMVAmt

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

FieldValueIRS element (for citing)
DescNon-Deducted Federal Tax PaidDesc
Amt$195Amt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
Annual Report Fee-Illinois$15
Foreign Tax Witheld$7$7

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