LAVIN FOUNDATION: Form 990PF, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- LAVIN FOUNDATION (EIN 65-1264736)
- Tax period
- 2012-01-01 to 2012-12-31
- Filed
- 2013-05-14
- IRS object ID
- 201341349349102804
- 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 Liabilities Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-05-14T16:06:39-07:00 | 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 | STEVEN J SHIFRIN CPA | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 830 KIMBALL RD | AddressLine1 |
| City | HIGHLAND PARK | City |
| State | IL | State |
| ZIP Code | 60035 | 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 | 651264736 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Lavin Foundation | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | LAVI | NameControl |
| Phone | 8474322928 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1639 Thornwood | AddressLine1 |
| City | Highland Park | City |
| State | IL | State |
| ZIP Code | 60035 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Steven Lavin | Name |
| Title | President | Title |
| Date Signed | 2013-05-14 | DateSigned |
| Authorize Third Party | true | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Steven J Shifrin | Name |
| PTIN | P00110195 | PTIN |
| Phone | 8478046555 | Phone |
| Self Employed | X | SelfEmployed |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2016-02-25 16:41:14Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exempt PF | X | ExemptPF |
| FMV Assets EOY | 129749 | FMVAssetsEOY |
| Method Of Accounting Cash | X | MethodOfAccountingCash |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Received Rev And Expnss | 101500 | ContriReceivedRevAndExpnss |
| Dividends Rev And Expnss | 363 | DividendsRevAndExpnss |
| Dividends Net Invst Incm | 363 | DividendsNetInvstIncm |
| Dividends Adj Net Incm | 363 | DividendsAdjNetIncm |
| Other Income Rev And Expnss | -81 | OtherIncomeRevAndExpnss |
| Other Income Net Invst Incm | -81 | OtherIncomeNetInvstIncm |
| Total Revenue And Expenses | 101782 | TotalRevenueAndExpenses |
| Total Net Investment Income | 282 | TotalNetInvestmentIncome |
| Total Adjusted Net Income | 363 | TotalAdjustedNetIncome |
| Accounting Fees Rev And Expnss | 1500 | AccountingFeesRevAndExpnss |
| Accounting Fees Net Invst Incm | 1500 | AccountingFeesNetInvstIncm |
| Other Expenses Rev And Expnss | 19 | OtherExpensesRevAndExpnss |
| Tot Opr Expenses Rev And Expnss | 1519 | TotOprExpensesRevAndExpnss |
| Tot Opr Expenses Net Invst Incm | 1500 | TotOprExpensesNetInvstIncm |
| Tot Opr Expenses Dsbrs Chrtbl Prps | 0 | TotOprExpensesDsbrsChrtblPrps |
| Contri Gifts Paid Rev And Expnss | 31050 | ContriGiftsPaidRevAndExpnss |
| Contri Gifts Paid Dsbrs Chrtbl Prps | 31050 | ContriGiftsPaidDsbrsChrtblPrps |
| Total Expenses Rev And Expnss | 32569 | TotalExpensesRevAndExpnss |
| Total Expenses Net Invst Incm | 1500 | TotalExpensesNetInvstIncm |
| Total Expenses Dsbrs Chrtbl Prps | 31050 | TotalExpensesDsbrsChrtblPrps |
| Excess Of Revenue Over Expenses | 69213 | ExcessOfRevenueOverExpenses |
| Net Investment Income | 0 | NetInvestmentIncome |
| Adjusted Net Income | 363 | AdjustedNetIncome |
Balance Sheets BalanceSheets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | 42913 | CashBOY |
| Cash EOY | 112126 | CashEOY |
| Cash EOYFMV | 112126 | CashEOYFMV |
| Investments Corp Stock BOY | 19117 | InvestmentsCorpStockBOY |
| Investments Corp Stock EOY | 19117 | InvestmentsCorpStockEOY |
| Investments Corp Stock EOYFMV | 17623 | InvestmentsCorpStockEOYFMV |
| Total Assets BOY | 62030 | TotalAssetsBOY |
| Total Assets EOY | 131243 | TotalAssetsEOY |
| Total Assets EOYFMV | 129749 | TotalAssetsEOYFMV |
| Other Liabilities BOY | 2 | OtherLiabilitiesBOY |
| Other Liabilities EOY | 2 | OtherLiabilitiesEOY |
| Total Liabilities BOY | 2 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 2 | TotalLiabilitiesEOY |
| Org That Follow SFAS117 | X | OrgThatFollowSFAS117 |
| Unrestricted BOY | 62028 | UnrestrictedBOY |
| Unrestricted EOY | 131241 | UnrestrictedEOY |
| Total Net Assets BOY | 62028 | TotalNetAssetsBOY |
| Total Net Assets EOY | 131241 | TotalNetAssetsEOY |
| Total Liabilities Net Assets BOY | 62030 | TotalLiabilitiesNetAssetsBOY |
| Total Liabilities Net Assets EOY | 131243 | TotalLiabilitiesNetAssetsEOY |
Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Net Assets Fund Balances BOY | 62028 | TotalNetAssetsFundBalancesBOY |
| Excess Of Revenue Over Expenses | 69213 | ExcessOfRevenueOverExpenses |
| Subtotal | 131241 | Subtotal |
| Total Net Assets Fund Balances EOY | 131241 | TotalNetAssetsFundBalancesEOY |
Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable For4942 Tax | false | LiableFor4942Tax |
| Qualifying Distributions Year1 | 62736 | QualifyingDistributionsYear1 |
| Noncharitable Assets Year1 | 117869 | NoncharitableAssetsYear1 |
| Distribution Ratio Year1 | 0.53225 | DistributionRatioYear1 |
| Qualifying Distributions Year2 | 7550 | QualifyingDistributionsYear2 |
| Noncharitable Assets Year2 | 22046 | NoncharitableAssetsYear2 |
| Distribution Ratio Year2 | 0.34247 | DistributionRatioYear2 |
| Qualifying Distributions Year3 | 18430 | QualifyingDistributionsYear3 |
| Noncharitable Assets Year3 | 3206 | NoncharitableAssetsYear3 |
| Distribution Ratio Year3 | 5.74860 | DistributionRatioYear3 |
| Qualifying Distributions Year4 | 46728 | QualifyingDistributionsYear4 |
| Noncharitable Assets Year4 | 7017 | NoncharitableAssetsYear4 |
| Distribution Ratio Year4 | 6.65926 | DistributionRatioYear4 |
| Qualifying Distributions Year5 | 26340 | QualifyingDistributionsYear5 |
| Noncharitable Assets Year5 | 11826 | NoncharitableAssetsYear5 |
| Distribution Ratio Year5 | 2.22730 | DistributionRatioYear5 |
| Total Distribution Ratio | 15.50987 | TotalDistributionRatio |
| Average Distribution Ratio | 3.10197 | AverageDistributionRatio |
| Net Noncharitable Assets | 46218 | NetNoncharitableAssets |
| Adjusted Noncharitable Assets | 143367 | AdjustedNoncharitableAssets |
| Adj Nonchrtbl Assets And One | 143367 | AdjNonchrtblAssetsAndOnePct |
| Qualifying Distributions | 31050 | QualifyingDistributions |
Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | 0 | InvestmentIncomeExciseTax |
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 |
| States Filed With | IL | StatesFiledWith |
| 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 |
Books In Care Of Business Name BooksInCareOfBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Steven Lavin | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Books In Care Of Phone Number | 8474322928 | BooksInCareOfPhoneNumber |
Books In Care Of US Address BooksInCareOfUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1639 Thornwood Lane | AddressLine1 |
| City | Highland Park | City |
| State | IL | State |
| ZIP Code | 60035 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| 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 |
|---|---|---|---|---|---|---|
| Sheldon Lavin | ||||||
| 1225 Corporate Blvd | Aurora | IL | 60505 | Director | 0.00 | 0 |
| Dawn Lavin | ||||||
| 1639 Thornwood Ln | Highland Park | IL | 60035 | Treasurer | 0.00 | 0 |
| Steven Lavin | ||||||
| 1639 Thornwood Ln | Highland Park | IL | 60035 | President | 0.00 | 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 | 15618 | AvgMonthlyFMVOfSecurities |
| Avg Monthly Cash Balances | 31304 | AvgMonthlyCashBalances |
| FMV All Other Noncharitable Assets | 0 | FMVAllOtherNoncharitableAssets |
| Total FMV Of Unused Assets | 46922 | TotalFMVOfUnusedAssets |
| Reduction Claimed | 0 | ReductionClaimed |
| Adj Total FMV Of Unused Assets | 46922 | AdjTotalFMVOfUnusedAssets |
| Cash Deemed Charitable | 704 | CashDeemedCharitable |
| Net Noncharitable Assets | 46218 | NetNoncharitableAssets |
| Minimum Investment Return | 2311 | MinimumInvestmentReturn |
Distributable DistributableAmount
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | 2311 | MinimumInvestmentReturn |
| Distributable Amount Before Adj | 2311 | DistributableAmountBeforeAdj |
| Distributable Amount Before Ded | 2311 | DistributableAmountBeforeDed |
| Distributable Amount As Adjusted | 2311 | DistributableAmountAsAdjusted |
Qualifying Distributions QualifyingDistributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | 31050 | ExpensesAndContributions |
| Qualifying Distributions | 31050 | QualifyingDistributions |
| Adj Qualifying Distributions | 31050 | AdjQualifyingDistributions |
Undistributed Income UndistributedIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable Amount As Adjusted | 2311 | DistributableAmountAsAdjusted |
| Excess Distri Carryover Year5 | 25753 | ExcessDistriCarryoverYear5 |
| Excess Distri Carryover Year4 | 48597 | ExcessDistriCarryoverYear4 |
| Excess Distri Carryover Year3 | 19935 | ExcessDistriCarryoverYear3 |
| Excess Distri Carryover Year2 | 6448 | ExcessDistriCarryoverYear2 |
| Excess Distri Carryover Year1 | 56858 | ExcessDistriCarryoverYear1 |
| Total Excess Distri Carryover | 157591 | TotalExcessDistriCarryover |
| Qualifying Distributions | 31050 | QualifyingDistributions |
| Treated As Distri From Corpus | 0 | TreatedAsDistriFromCorpus |
| Applied To Current Year | 2311 | AppliedToCurrentYear |
| Remaining Distri From Corpus | 28739 | RemainingDistriFromCorpus |
| Total Corpus | 186330 | TotalCorpus |
| Undistributed Income CY | 0 | UndistributedIncomeCY |
| Excess Distri Cyov From Year5 | 25753 | ExcessDistriCyovFromYear5 |
| Excess Distri Cyov To Next Year | 160577 | ExcessDistriCyovToNextYear |
| Excess From Year4 | 48597 | ExcessFromYear4 |
| Excess From Year3 | 19935 | ExcessFromYear3 |
| Excess From Year2 | 6448 | ExcessFromYear2 |
| Excess From Year1 | 56858 | ExcessFromYear1 |
| Excess From Current Year | 28739 | ExcessFromCurrentYear |
Supplementary Information SupplementaryInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | Steven Lavin | ContributingManager |
| Only Contributes To Preselected | X | OnlyContributesToPreselected |
Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (5 entries)
| Address Line1RecipientUSAddress/AddressLine1 | CityRecipientUSAddress/City | StateRecipientUSAddress/State | ZIP CodeRecipientUSAddress/ZIPCode | Recipient RelationshipRecipientRelationship | Recipient Foundation StatusRecipientFoundationStatus | Purpose Of Grant Or ContributionPurposeOfGrantOrContribution | AmountAmount |
|---|---|---|---|---|---|---|---|
| The Ark | |||||||
| 6450 N California | Chicago | IL | 60645 | None | Public | General. At the discretion of the recipient organization. | $250 |
| Hillel Illinois | |||||||
| 503 East John Street | Champaign | IL | 61820 | None | Public | General. At the discretion of the recipient organization. | $1,800 |
| American Technion Association | |||||||
| 111 W Washington Ste 1220 | Chicago | IL | 60602 | None | Public | General. At the discretion of the recipient organization. | $10,000 |
| Build Inc | |||||||
| 1223 N Milwaukee Avenue | Chicago | IL | 60642 | None | Public | General. At the discretion of the recipient organization. | $1,500 |
| Jewish United Fund | |||||||
| 30 S Wells St | Chicago | IL | 60606 | None | Public | General. At the discretion of the recipient organization. | $17,500 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Grant Or Contri Paid During Year | 31050 | TotGrantOrContriPaidDuringYear |
Analysis Income Producing Acty AnalysisIncomeProducingActy
Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Income | $363 | UnrelatedBusinessIncomeAmount |
Other Investment Income Part VII OtherInvestmentIncomePartVII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Income | 81 | RelatedOrExemptFunctionIncome |
Subtotals Part XVIA SubtotalsPartXVIA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Income | $363 | UnrelatedBusinessIncomeAmount |
| Related Or Exempt Function Income | -81 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Part XVIA | 282 | 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | 1 | ContributorNumber |
| Contributor Name Individual | Steven Dawn Lavin | ContributorNameIndividual |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1639 Thornwood | AddressLine1 |
| City | Highland Park | City |
| State | IL | State |
| ZIP Code | 60035 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | 101500 | AggregateContributions |
| Person Contribution Type | X | PersonContributionType |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees AccountingFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amount | $1,500 | Amount |
| Net Investment Income | 1500 | 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 |
|---|---|
| Bank Service Fees | 4 |
| Annual Report Fee-Illinois | 15 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income OtherIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | Other Investment Income | Description |
| Revenue And Expenses Per Books | -81 | RevenueAndExpensesPerBooks |
| Net Investment Income | -81 | NetInvestmentIncome |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | Rounding | Description |
| BOY Book Value | 2 | BOYBookValue |
| EOY Book Value | 2 | EOYBookValue |
Comments