THE LADANE FOUNDATION: Form 990PF, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
THE LADANE FOUNDATION (EIN 13-4105176)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-10-31
IRS object ID
202513049349100026
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)
Return2025-10-31T08:50:43-07:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN832891693PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1MILLER MCNEISH & BREEDLOVE PLLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1309 S LAUREL AVEAddressLine1Txt
CityCHARLOTTECityNm
State AbbreviationNCStateAbbreviationCd
ZIP28207ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2024-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN134105176EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1The LaDane FoundationBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlLADABusinessNameControlTxt
Phone9105797300PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line110155 Beach Drive SWAddressLine1Txt
CityCalabashCityNm
State AbbreviationNCStateAbbreviationCd
ZIP28467ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonLaDane WilliamsonPersonNm
Person TitlePresidentPersonTitleTxt
Signature2025-10-31SignatureDt
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 PersonElizabeth FunderburkPreparerPersonNm
PTINP01679706PTIN
Phone7043768415PhoneNum
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$7,008,180FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$24,020ContriRcvdRevAndExpnssAmt
Total Rev And Expnss$24,020TotalRevAndExpnssAmt
Total Net Invst Incm$0TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$2,750AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$2,750AccountingFeesNetInvstIncmAmt
Taxes Rev And Expnss$64,763TaxesRevAndExpnssAmt
Taxes Net Invst Incm$64,763TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss$372OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$372OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$67,885TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$67,885TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$0ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$0ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$67,885TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$67,885TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$0TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$43,865ExcessRevenueOverExpensesAmt
Net Investment Income$0NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$46,045CashBOYAmt
Cash EOY-$2,620CashEOYAmt
Cash EOYFMV-$2,620CashEOYFMVAmt
Invst Land Cost Or Other Basis$8,330,800InvstLandCostOrOtherBasisAmt
Land Bldg Investments BOY$8,326,000LandBldgInvestmentsBOYAmt
Land Bldg Investments EOY$8,330,800LandBldgInvestmentsEOYAmt
Land Bldg Investments EOYFMV$7,010,800LandBldgInvestmentsEOYFMVAmt
Total Assets BOY$8,372,045TotalAssetsBOYAmt
Total Assets EOY$8,328,180TotalAssetsEOYAmt
Total Assets EOYFMV$7,008,180TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$8,372,045NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$8,328,180NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$8,372,045TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$8,328,180TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$8,372,045TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$8,328,180TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$8,372,045TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$43,865ExcessRevenueOverExpensesAmt
Subtotal$8,328,180SubtotalAmt
Tot Net Ast Or Fund Balances EOY$8,328,180TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$0InvestmentIncomeExciseTaxAmt
Tax Due$0TaxDueAmt
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 SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateDEOrgReportOrRegisterStateCd
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 Line1LaDane WilliamsonBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone9105797300PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line110155 Beach Drive SWAddressLine1Txt
CityCalabashCityNm
State AbbreviationNCStateAbbreviationCd
ZIP28467ZIPCd
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 (4 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
LaDane Williamson
10155 Beach Drive SWCalabashNC28467President10.00$0
Odell Fraiser Bullington
10155 Beach Drive SWCalabashNC28467Director1.00$0
Kendra LaDane Bullington
10155 Beach Drive SWCalabashNC28467Director1.00$0
Nadia Grace Bullington
10155 Beach Drive SWCalabashNC28467Secretary1.00$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$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$21,712AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$7,010,800FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$7,032,512TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$7,032,512AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$105,488CashDeemedCharitableAmt
Net Vl Noncharitable Assets$6,927,024NetVlNoncharitableAssetsAmt
Minimum Investment Return$346,351MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$346,351MinimumInvestmentReturnAmt
Distributable Before Adj$346,351DistributableBeforeAdjAmt
Distributable Before Ded$346,351DistributableBeforeDedAmt
Distributable As Adjusted$346,351DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

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

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$346,351DistributableAsAdjustedAmt
Excess Distribution Cyov Yr1$1,360,160ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$1,360,160TotalExcessDistributionCyovAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Excess Distri Cyov App CY Corpus$346,351ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$346,351ExcessDistributionCyovAppCYAmt
Total Corpus$1,013,809TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$1,013,809ExcessDistriCyovToNextYrAmt
Excess From Year1$1,013,809ExcessFromYear1Amt

Supplementary Information SupplementaryInformationGrp

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

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 PersonLaDane WilliamsonContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line110155 Beach Drive SWAddressLine1Txt
CityCalabashCityNm
State AbbreviationNCStateAbbreviationCd
ZIP28467ZIPCd
FieldValueIRS element (for citing)
Total Contributions$24,020TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryTax PreparationCategoryTxt
Amt$2,750Amt
Net Investment Income$2,750NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Investments Land Schedule2 InvestmentsLandSchedule2

Investment Land InvestmentLandGrp (2 entries)

Category Or ItemCategoryOrItemTxtCost Or Other BasisCostOrOtherBasisAmtBook ValueBookValueAmtEOYFMVEOYFMVAmt
Improvements$10,800$10,800$10,800
Land$8,320,000$8,320,000$7,000,000

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
Bank Charges$360$360
Miscellaneous$12$12

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryProperty TaxesCategoryTxt
Amt$64,763Amt
Net Investment Income$64,763NetInvestmentIncomeAmt

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