BETA

LYONS SHARE FOUNDATION: Form 990PF, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
LYONS SHARE FOUNDATION (EIN 33-0622707)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-11-03
IRS object ID
202533079349101383
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)
Return2025-11-03T11:48:13-08:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN813083340PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Sroka & Co CPAsBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line141 Corporate Park Suite 380AddressLine1Txt
CityIrvineCityNm
State AbbreviationCAStateAbbreviationCd
ZIP92606ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2024-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN330622707EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Lyons Share FoundationBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlLYONBusinessNameControlTxt
Phone9494745500PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line136 Harbor IslandAddressLine1Txt
CityNewport BeachCityNm
State AbbreviationCAStateAbbreviationCd
ZIP92660ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMARY A LYONSPersonNm
Person TitlePresidentPersonTitleTxt
Signature2025-11-03SignatureDt
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 PersonMarcelo E SrokaPreparerPersonNm
PTINP00027233PTIN
Phone9493597999PhoneNum
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$17,354,535FMVAssetsEOYAmt
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$4,657InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$4,657InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$4,657InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$365,540DividendsRevAndExpnssAmt
Dividends Net Invst Incm$365,540DividendsNetInvstIncmAmt
Dividends Adj Net Incm$365,540DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$338,191NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$7,155,785GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$2,591,287CapGainNetIncmNetInvstIncmAmt
Net ST Capital Gain Adj Net Incm$4,647NetSTCapitalGainAdjNetIncmAmt
Other Income Rev And Expnss$1,486,685OtherIncomeRevAndExpnssAmt
Total Rev And Expnss$2,195,073TotalRevAndExpnssAmt
Total Net Invst Incm$2,961,484TotalNetInvstIncmAmt
Total Adj Net Incm$374,844TotalAdjNetIncmAmt
Taxes Rev And Expnss$47,080TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss$39,473OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$39,323OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$86,553TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$39,323TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$893,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$893,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$979,553TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$39,323TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$893,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$1,215,520ExcessRevenueOverExpensesAmt
Net Investment Income$2,922,161NetInvestmentIncomeAmt
Adjusted Net Income$374,844AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$134,842SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$153,821SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$153,821SavAndTempCashInvstEOYFMVAmt
Acct Rcvbl$296AcctRcvblAmt
Acct Rcvbl EOY$296AcctRcvblEOYAmt
Acct Rcvbl EOYFMV$296AcctRcvblEOYFMVAmt
Corporate Stock BOY$3,240,000CorporateStockBOYAmt
Other Investments BOY$12,764,173OtherInvestmentsBOYAmt
Other Investments EOY$17,200,418OtherInvestmentsEOYAmt
Other Investments EOYFMV$17,200,418OtherInvestmentsEOYFMVAmt
Other Assets BOY$1,276OtherAssetsBOYAmt
Other Assets EOY$1,276OtherAssetsEOYAmt
Total Assets BOY$16,140,291TotalAssetsBOYAmt
Total Assets EOY$17,355,811TotalAssetsEOYAmt
Total Assets EOYFMV$17,354,535TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Capital Stock BOY$16,140,291CapitalStockBOYAmt
Capital Stock EOY$17,355,811CapitalStockEOYAmt
Tot Net Ast Or Fund Balances BOY$16,140,291TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$17,355,811TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$16,140,291TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$17,355,811TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$16,140,291TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$1,215,520ExcessRevenueOverExpensesAmt
Subtotal$17,355,811SubtotalAmt
Tot Net Ast Or Fund Balances EOY$17,355,811TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (5 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
SHORT TERM GAINS MERRILL LYNCH 8R6-04002P2023-10-122024-07-31$1,473,543$1,468,896$4,647$4,647
LONG TERM GAINS MERRILL LYNCH 8R6-04002P2023-01-012024-07-31$1,922,570$1,710,760$211,810$211,810
345000 BLACKROCK LIQUIDITY FUNDP2024-04-042024-05-10$345,000$345,000
400000 DASEKE INCP2017-12-012024-04-02$3,320,000$986,904$2,333,096$2,333,096
ISHARES GOLD TRUSTP2020-01-082024-12-31$94,672$52,938$41,734$41,734
FieldValueIRS element (for citing)
Capital Gain Net Income$2,591,287CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss$4,647NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$40,618InvestmentIncomeExciseTaxAmt
Subtotal$40,618SubtotalAmt
Tax Based On Investment Income$40,618TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$41,947EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$41,947TotalPaymentsAndCreditsAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$243EsPenaltyAmt
Overpayment$1,086OverpaymentAmt
Applied To ES Tax$1,086AppliedToESTaxAmt

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 StateCAOrgReportOrRegisterStateCd
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 Line1Mary LyonsBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone9494745500PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line136 Harbor IslandAddressLine1Txt
CityNewport BeachCityNm
State AbbreviationCAStateAbbreviationCd
ZIP92660ZIPCd
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
MARY A LYONS
36 HARBOR ISLANDNEWPORT BEACHCA92660President2.00$0
PHILLIP N LYONS
36 HARBOR ISLANDNEWPORT BEACHCA92660Secretary1.00$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$16,487,765AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$381,077AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$16,868,842TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$16,868,842AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$253,033CashDeemedCharitableAmt
Net Vl Noncharitable Assets$16,615,809NetVlNoncharitableAssetsAmt
Minimum Investment Return$830,790MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$830,790MinimumInvestmentReturnAmt
Tax Based On Investment Income$40,618TaxBasedOnInvestmentIncomeAmt
Total Tax$40,618TotalTaxAmt
Distributable Before Adj$790,172DistributableBeforeAdjAmt
Distributable Before Ded$790,172DistributableBeforeDedAmt
Distributable As Adjusted$790,172DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$893,000ExpensesAndContributionsAmt
Qualifying Distributions$893,000QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$790,172DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$165,949ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$126,765ExcessDistributionCyovYr4Amt
Total Excess Distribution Cyov$292,714TotalExcessDistributionCyovAmt
Qualifying Distributions$893,000QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$790,172AppliedToCurrentYearAmt
Remaining Distri From Corpus$102,828RemainingDistriFromCorpusAmt
Total Corpus$395,542TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$165,949ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$229,593ExcessDistriCyovToNextYrAmt
Excess From Year4$126,765ExcessFromYear4Amt
Excess From Current Year$102,828ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerMARY A LYONSContributingManagerNm
Contributing ManagerPHILLIP N LYONSContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (9 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
ARTS ORANGE COUNTY
17620 FITCH 255IRVINECA92614M LYONS - BOARD MEMBERSUPPORT OF ARTS PROGRAMS$25,000
CHORUS AMERICA
1200 18TH ST NW STE 1250WASHINGTONDC20036MARY LYONS PAST BOARDSUPPORT OF NATIONAL CONCERTS & PRESENTATIONS$30,000
NEWPORT HARBOR EDUCATIONAL FOUNDATI
600 IRVINE AVENEWPORT BEACHCA92663NONESUPPORT OF PUBLIC HIGH SCHOOL PROGRAMS$5,000
PACIFIC CHORALE
3303 HARBOR BLVD STE E5COSTA MESACA92626M LYONS - BOARD MEMBERSUPPORT OF NATIONAL PRESENTATIONS/CONCERTS$250,000
PACIFIC SYMPHONY
17620 FITCH STE 100IRVINECA92614P LYONS - BOARD MEMBERUNDERWRITE CONCERTS AND OPERATING EXPENSES$510,000
SEGERSTROM CENTER FOR THE ARTS
600 TOWN CENTER DRCOSTA MESACA92626NONESUPPORT OF PERFORMANCES$25,000
ORANGE COUNTY COMMUNITY FOUNDATION
4041 MACARTHUR BLVD 510NEWPORT BEACHCA92660NONESUPPORT LOCAL COMMUNITY CHARITIES$3,000
ARTS LEARNING CONSERVATORY
151 KALMUS DR SUITE G3COSTA MESACA92626NONESUPPORT EDUCATIONAL AND ARTS PROGRAMS$25,000
PHILHARMONIC SOCIETY OF ORANGE COUN
1124 MAIN STREET STE BIRVINECA92614NONESUPPORT CONCERT PROGRAMING$20,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$893,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$4,657ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$365,540ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$338,191ExclusionAmt

Other Revenue Described OtherRevenueDescribedGrp (2 entries)

DescDescExclusionExclusionAmt
NET WASH SALE ADJUSTMENT$584
UNREALIZED INVESTMENT GAINS$1,486,101

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$2,195,073ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$2,195,073TotalIncomeProducingActyAmt

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

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp

FieldValueIRS element (for citing)
DescORGANIZATION COSTSDesc
BOY Book Value$1,276BOYBookValueAmt
EOY Book Value$1,276EOYBookValueAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
ANNUAL ACCOUNT SERVICE FEE$150
INVESTMENT ACCOUNT ADVISOR FEES$38,641$38,641
INVESTMENT EXPENSES$682$682

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt
NET WASH SALE ADJUSTMENT$584
UNREALIZED INVESTMENT GAINS$1,486,101

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmt
FEDERAL EXCISE TAXES$46,980
STATE TAXES AND FILING FEES$100

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