LEGG FAMILY FOUNDATION INC: Form 990PF, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- LEGG FAMILY FOUNDATION INC (EIN 20-0994642)
- Tax period
- 2012-01-01 to 2012-12-31
- Filed
- 2013-07-09
- IRS object ID
- 201311909349100301
- Schema version
- 2012v2.0
- 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
- Form 990-PF
- Schedule B
- Accounting Fees Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Professional Fees Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-07-09T07:02:04-07:00 | Timestamp |
| Tax Period End Date | 2012-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Treadwell & Spires CPAs LLC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1020 Park Drive | AddressLine1 |
| City | Greensboro | City |
| State | GA | State |
| ZIP Code | 30642 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnType |
| Tax Period Begin Date | 2012-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 200994642 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | The Legg Family Foundation Inc | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | LEGG | NameControl |
| Phone | 7064530193 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2851 Club Drive | AddressLine1 |
| City | Greensboro | City |
| State | GA | State |
| ZIP Code | 30642 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Jane D Legg | Name |
| Title | Trustee | Title |
| Date Signed | 2013-07-09 | DateSigned |
| Authorize Third Party | true | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Teresa P Treadwell CPA | Name |
| PTIN | P00422225 | PTIN |
| Phone | 7064532341 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exempt PF | X | ExemptPF |
| FMV Assets EOY | 192660 | FMVAssetsEOY |
| Method Of Accounting Cash | X | MethodOfAccountingCash |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Received Rev And Expnss | 25684 | ContriReceivedRevAndExpnss |
| Dividends Rev And Expnss | 5341 | DividendsRevAndExpnss |
| Dividends Net Invst Incm | 5341 | DividendsNetInvstIncm |
| Dividends Adj Net Incm | 5341 | DividendsAdjNetIncm |
| Net Gain Sale Assets Rev And Expnss | 4220 | NetGainSaleAssetsRevAndExpnss |
| Gross Sales Price | 14720 | GrossSalesPrice |
| Capital Gain Net Incm Net Invst Incm | 4220 | CapitalGainNetIncmNetInvstIncm |
| Other Income Rev And Expnss | 5 | OtherIncomeRevAndExpnss |
| Total Revenue And Expenses | 35250 | TotalRevenueAndExpenses |
| Total Net Investment Income | 9561 | TotalNetInvestmentIncome |
| Total Adjusted Net Income | 5341 | TotalAdjustedNetIncome |
| Accounting Fees Rev And Expnss | 725 | AccountingFeesRevAndExpnss |
| Other Prof Fees Rev And Expnss | 1709 | OtherProfFeesRevAndExpnss |
| Other Prof Fees Net Invst Incm | 1709 | OtherProfFeesNetInvstIncm |
| Other Expenses Rev And Expnss | 131 | OtherExpensesRevAndExpnss |
| Tot Opr Expenses Rev And Expnss | 2565 | TotOprExpensesRevAndExpnss |
| Tot Opr Expenses Net Invst Incm | 1709 | TotOprExpensesNetInvstIncm |
| Tot Opr Expenses Dsbrs Chrtbl Prps | 0 | TotOprExpensesDsbrsChrtblPrps |
| Contri Gifts Paid Rev And Expnss | 9500 | ContriGiftsPaidRevAndExpnss |
| Contri Gifts Paid Dsbrs Chrtbl Prps | 9500 | ContriGiftsPaidDsbrsChrtblPrps |
| Total Expenses Rev And Expnss | 12065 | TotalExpensesRevAndExpnss |
| Total Expenses Net Invst Incm | 1709 | TotalExpensesNetInvstIncm |
| Total Expenses Dsbrs Chrtbl Prps | 9500 | TotalExpensesDsbrsChrtblPrps |
| Excess Of Revenue Over Expenses | 23185 | ExcessOfRevenueOverExpenses |
| Net Investment Income | 7852 | NetInvestmentIncome |
| Adjusted Net Income | 5341 | AdjustedNetIncome |
Balance Sheets BalanceSheets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | 4 | CashBOY |
| Cash EOYFMV | 31862 | CashEOYFMV |
| Savings And Temp Cash Invst BOY | 71354 | SavingsAndTempCashInvstBOY |
| Savings And Temp Cash Invst EOY | 31862 | SavingsAndTempCashInvstEOY |
| Investments Other BOY | 90771 | InvestmentsOtherBOY |
| Investments Other EOY | 153452 | InvestmentsOtherEOY |
| Investments Other EOYFMV | 160798 | InvestmentsOtherEOYFMV |
| Total Assets BOY | 162129 | TotalAssetsBOY |
| Total Assets EOY | 185314 | TotalAssetsEOY |
| Total Assets EOYFMV | 192660 | TotalAssetsEOYFMV |
| Total Liabilities EOY | 0 | TotalLiabilitiesEOY |
| Org That Follow SFAS117 | X | OrgThatFollowSFAS117 |
| Unrestricted BOY | 162129 | UnrestrictedBOY |
| Unrestricted EOY | 185314 | UnrestrictedEOY |
| Total Net Assets BOY | 162129 | TotalNetAssetsBOY |
| Total Net Assets EOY | 185314 | TotalNetAssetsEOY |
| Total Liabilities Net Assets BOY | 162129 | TotalLiabilitiesNetAssetsBOY |
| Total Liabilities Net Assets EOY | 185314 | TotalLiabilitiesNetAssetsEOY |
Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Net Assets Fund Balances BOY | 162129 | TotalNetAssetsFundBalancesBOY |
| Excess Of Revenue Over Expenses | 23185 | ExcessOfRevenueOverExpenses |
| Subtotal | 185314 | Subtotal |
| Total Net Assets Fund Balances EOY | 185314 | TotalNetAssetsFundBalancesEOY |
Capital Gains And Losses CapitalGainsAndLosses
Capital Gains And Losses Info CapitalGainsAndLossesInfo (2 entries)
| Gain Or LossGainOrLoss | Description Of AssetDescriptionOfAsset |
|---|---|
| 2806 | |
| Capital Gain Dividends |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | 4220 | CapitalGainNetIncome |
Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable For4942 Tax | false | LiableFor4942Tax |
| Qualifying Distributions Year1 | 7500 | QualifyingDistributionsYear1 |
| Noncharitable Assets Year1 | 145083 | NoncharitableAssetsYear1 |
| Distribution Ratio Year1 | 0.05170 | DistributionRatioYear1 |
| Qualifying Distributions Year2 | 3000 | QualifyingDistributionsYear2 |
| Noncharitable Assets Year2 | 105797 | NoncharitableAssetsYear2 |
| Distribution Ratio Year2 | 0.02836 | DistributionRatioYear2 |
| Qualifying Distributions Year3 | 1500 | QualifyingDistributionsYear3 |
| Noncharitable Assets Year3 | 88147 | NoncharitableAssetsYear3 |
| Distribution Ratio Year3 | 0.01702 | DistributionRatioYear3 |
| Qualifying Distributions Year4 | 2000 | QualifyingDistributionsYear4 |
| Noncharitable Assets Year4 | 78228 | NoncharitableAssetsYear4 |
| Distribution Ratio Year4 | 0.02557 | DistributionRatioYear4 |
| Qualifying Distributions Year5 | 7503 | QualifyingDistributionsYear5 |
| Noncharitable Assets Year5 | 65460 | NoncharitableAssetsYear5 |
| Distribution Ratio Year5 | 0.11462 | DistributionRatioYear5 |
| Total Distribution Ratio | 0.23725 | TotalDistributionRatio |
| Average Distribution Ratio | 0.04745 | AverageDistributionRatio |
| Net Noncharitable Assets | 163279 | NetNoncharitableAssets |
| Adjusted Noncharitable Assets | 7748 | AdjustedNoncharitableAssets |
| One Percent Net Investment Income | 79 | OnePercentNetInvestmentIncome |
| Adj Nonchrtbl Assets And One | 7827 | AdjNonchrtblAssetsAndOnePct |
| Qualifying Distributions | 9500 | QualifyingDistributions |
Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm
| Field | Value | IRS element (for citing) |
|---|---|---|
| Domestic Org Meeting Sect4940e | X | DomesticOrgMeetingSect4940e |
| Investment Income Excise Tax | 79 | InvestmentIncomeExciseTax |
| Subtotal | 79 | Subtotal |
| Tax Based On Investment Income | 79 | TaxBasedOnInvestmentIncome |
| Tax Due | 79 | TaxDue |
Statements Regarding Activities StatementsRegardingActivities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Activities | false | LegislativePoliticalActivities |
| More Than100 Spent | false | MoreThan100Spent |
| Form1120 POL Filed | false | Form1120POLFiled |
| Activities Not Prev Reported | false | ActivitiesNotPrevReported |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylaws |
| Unrelated Bus Income Over1000 | false | UnrelatedBusIncomeOver1000 |
| Form990 T Filed | false | Form990TFiled |
| Termination Etc | false | TerminationEtc |
| Requirements Of Sect508e | false | RequirementsOfSect508e |
| At Least5000 In Assets | true | AtLeast5000InAssets |
| Form990 PF Filed With AG | true | Form990PFFiledWithAG |
| Private Operating Foundation | false | PrivateOperatingFoundation |
| New Substantial Contributors | false | NewSubstantialContributors |
| Interest In Controlled Entity | false | InterestInControlledEntity |
| Applicable Insurance Contract | false | ApplicableInsuranceContract |
| Comply With Public Inspection Rqr | true | ComplyWithPublicInspectionRqr |
| Website Address | N/A | WebsiteAddress |
| Foreign Bank | false | ForeignBank |
Statements Regarding Acty4720 StatementsRegardingActy4720
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exchange With Dsqfly Person | false | SaleOrExchangeWithDsqflyPerson |
| Borrow Or Lend With Dsqfly Person | false | BorrowOrLendWithDsqflyPerson |
| Furnished Goods With Dsqfly Person | false | FurnishedGoodsWithDsqflyPerson |
| Pay Compensation To Dsqfly Person | false | PayCompensationToDsqflyPerson |
| Transfer Assets To Dsqfly Person | false | TransferAssetsToDsqflyPerson |
| Payment To Government Offical | false | PaymentToGovernmentOffical |
| Acts Fail To Qualify As Exceptions | false | ActsFailToQualifyAsExceptions |
| Uncorrected Prior Acts | false | UncorrectedPriorActs |
| Undistributed Income Prior Years | false | UndistributedIncomePriorYears |
| Undistr Income4942a2 Not Applied | false | UndistrIncome4942a2NotApplied |
| Business Holdings | false | BusinessHoldings |
| Excess Business Holdings | false | ExcessBusinessHoldings |
| Jeopardy Investments | false | JeopardyInvestments |
| Uncorrected Jeopardy Investments | false | UncorrectedJeopardyInvestments |
| Influence Legislation | false | InfluenceLegislation |
| Influence Election | false | InfluenceElection |
| Grants To Individuals | false | GrantsToIndividuals |
| Grants To Organizations | false | GrantsToOrganizations |
| Noncharitable Purpose | false | NoncharitablePurpose |
| Tr Fail To Qualify As Exceptions | false | TrFailToQualifyAsExceptions |
| Maint Expend Responsibility | false | MaintExpendResponsibility |
| Rcv Funds To Pay Prsnl Bnft Contract | false | RcvFundsToPayPrsnlBnftContract |
| Pay Premiums Prsnl Bnft Contract | false | PayPremiumsPrsnlBnftContract |
| Prohibited Tax Shelter Transactn | false | ProhibitedTaxShelterTransactn |
| Proceeds Or Net Income | false | ProceedsOrNetIncome |
Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo
Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee (3 entries)
| Address Line1USAddress/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode | TitleTitle | Avg Hours Per Wk Devoted To PositionAvgHoursPerWkDevotedToPosition | CompensationCompensation |
|---|---|---|---|---|---|---|
| Deborah E Legg | ||||||
| 7607 Wordham Drive | Austin | TX | 78749 | Treasurer | 1.00 | 0 |
| Wendy Legg Gilbertson | ||||||
| 19141 Pleasantview Rd | Eden Prairie | MN | 55346 | Secretary | 1.00 | 0 |
| Jane D Legg | ||||||
| 2851 Club Drive | Greensboro | GA | 30642 | President | 1.00 | 0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Highest Paid Empl NONE | NONE | CompOfHighestPaidEmplNONE |
| Comp Of Hghst Paid Cntrct NONE | NONE | CompOfHghstPaidCntrctNONE |
Minimum Investment Return MinimumInvestmentReturn
| Field | Value | IRS element (for citing) |
|---|---|---|
| Avg Monthly FMV Of Securities | 141551 | AvgMonthlyFMVOfSecurities |
| Avg Monthly Cash Balances | 24214 | AvgMonthlyCashBalances |
| FMV All Other Noncharitable Assets | 0 | FMVAllOtherNoncharitableAssets |
| Total FMV Of Unused Assets | 165765 | TotalFMVOfUnusedAssets |
| Reduction Claimed | 0 | ReductionClaimed |
| Adj Total FMV Of Unused Assets | 165765 | AdjTotalFMVOfUnusedAssets |
| Cash Deemed Charitable | 2486 | CashDeemedCharitable |
| Net Noncharitable Assets | 163279 | NetNoncharitableAssets |
| Minimum Investment Return | 8164 | MinimumInvestmentReturn |
Distributable DistributableAmount
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | 8164 | MinimumInvestmentReturn |
| Tax Based On Investment Income | 79 | TaxBasedOnInvestmentIncome |
| Total Tax | 79 | TotalTax |
| Distributable Amount Before Adj | 8085 | DistributableAmountBeforeAdj |
| Distributable Amount Before Ded | 8085 | DistributableAmountBeforeDed |
| Distributable Amount As Adjusted | 8085 | DistributableAmountAsAdjusted |
Qualifying Distributions QualifyingDistributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | 9500 | ExpensesAndContributions |
| Qualifying Distributions | 9500 | QualifyingDistributions |
| One Pct Sect4940e Org Net Invst Incm | 79 | OnePctSect4940eOrgNetInvstIncm |
| Adj Qualifying Distributions | 9421 | AdjQualifyingDistributions |
Undistributed Income UndistributedIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable Amount As Adjusted | 8085 | DistributableAmountAsAdjusted |
| Excess Distri Carryover Year1 | 59 | ExcessDistriCarryoverYear1 |
| Total Excess Distri Carryover | 59 | TotalExcessDistriCarryover |
| Qualifying Distributions | 9500 | QualifyingDistributions |
| Treated As Distri From Corpus | 0 | TreatedAsDistriFromCorpus |
| Applied To Current Year | 8085 | AppliedToCurrentYear |
| Remaining Distri From Corpus | 1415 | RemainingDistriFromCorpus |
| Total Corpus | 1474 | TotalCorpus |
| Undistributed Income CY | 0 | UndistributedIncomeCY |
| Excess Distri Cyov To Next Year | 1474 | ExcessDistriCyovToNextYear |
| Excess From Year1 | 59 | ExcessFromYear1 |
| Excess From Current Year | 1415 | ExcessFromCurrentYear |
Supplementary Information SupplementaryInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contributes To Preselected | X | OnlyContributesToPreselected |
Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (2 entries)
| Address Line1RecipientUSAddress/AddressLine1 | CityRecipientUSAddress/City | StateRecipientUSAddress/State | ZIP CodeRecipientUSAddress/ZIPCode | Recipient RelationshipRecipientRelationship | Recipient Foundation StatusRecipientFoundationStatus | Purpose Of Grant Or ContributionPurposeOfGrantOrContribution | AmountAmount |
|---|---|---|---|---|---|---|---|
| Lake Oconee Community Church | |||||||
| PO Box 751 | Greensboro | GA | 30642 | None | 501(C)(3) | Minister to the children in the community through the LOCC Youth Alliance | $2,000 |
| Camp For All Foundation | |||||||
| 10500 NW Freeway Suite 220 | Houston | TX | 77092 | None | 501(C)(3) | Free camp to enrich lives of adults and children with special needs. | $7,500 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Grant Or Contri Paid During Year | 9500 | TotGrantOrContriPaidDuringYear |
Analysis Income Producing Acty AnalysisIncomeProducingActy
Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion Code | 14 | ExclusionCode |
| Exclusion | $5,341 | ExclusionAmount |
Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion Code | 14 | ExclusionCode |
| Exclusion | $4,220 | ExclusionAmount |
Other Revenue Described OtherRevenueDescribed
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | 12 B1 Rebate payments | Description |
| Exclusion Code | 14 | ExclusionCode |
| Exclusion | $5 | ExclusionAmount |
Subtotals Part XVIA SubtotalsPartXVIA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $9,566 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Part XVIA | 9566 | TotalPartXVIA |
Trnsfr Tr Rln With Noncharitable EO TrnsfrTrRlnWithNoncharitableEO
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Noncharitable EO | false | TrnsfrOfCashToNoncharitableEO |
| Trnsfr Oth Assets Noncharitable EO | false | TrnsfrOthAssetsNoncharitableEO |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssets |
| Purchase Assets Noncharitable EO | false | PurchaseAssetsNoncharitableEO |
| Rental Of Facilities Etc | false | RentalOfFacilitiesEtc |
| Reimbursement Arrangements | false | ReimbursementArrangements |
| Loans Or Loan Guarantees | false | LoansOrLoanGuarantees |
| Performance Of Services Etc | false | PerformanceOfServicesEtc |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtc |
| Relationships Noncharitable E Os | false | RelationshipsNoncharitableEOs |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | X | Organization501c3ExemptPF |
| General Rule | X | GeneralRule |
Contributor Info ContributorInfo (2 entries)
| Contributor NumberContributorNumber | Contributor Name IndividualContributorNameIndividual | Address Line1ContributorAddressUS/AddressLine1 | CityContributorAddressUS/City | StateContributorAddressUS/State | ZIP CodeContributorAddressUS/ZIPCode | Aggregate ContributionsAggregateContributions | Person Contribution TypePersonContributionType |
|---|---|---|---|---|---|---|---|
| 2 | Legg Charitable Lead Ann Trust 2 | 2851 Club Drive | Greensboro | GA | 30642 | 15000 | X |
| 1 | Legg Charitable Lead Ann Trust 1 | 2851 Club Drive | Greensboro | GA | 30642 | 10000 | X |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees AccountingFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Accounting and tax preparation | Category |
| Amount | $725 | Amount |
| Net Investment Income | 0 | NetInvestmentIncome |
| Adjusted Net Income | 0 | AdjustedNetIncome |
| Disbursements Charitable Prps | 0 | DisbursementsCharitablePrps |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses OtherExpenses (2 entries)
| DescriptionDescription | Revenue And Expenses Per BooksRevenueAndExpensesPerBooks |
|---|---|
| Tax | 81 |
| Secretary of State registration | 50 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income OtherIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | 12 B1 Rebate payments | Description |
| Revenue And Expenses Per Books | 5 | RevenueAndExpensesPerBooks |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees OtherProfessionalFees (2 entries)
| CategoryCategory | AmountAmount | Net Investment IncomeNetInvestmentIncome | Adjusted Net IncomeAdjustedNetIncome | Disbursements Charitable PrpsDisbursementsCharitablePrps |
|---|---|---|---|---|
| Investment advisory fees - MS Holdings | $890 | 890 | 0 | 0 |
| Investment advisory fees - Citi | $819 | 819 | 0 | 0 |