LEAH AND ALAIN LEBEC FOUNDATION INC: Form 990PF, tax year 2011

View the entire original 990 at ProPublica ↗

Organization
LEAH AND ALAIN LEBEC FOUNDATION INC (EIN 20-1944833)
Tax period
2011-01-01 to 2011-12-31
Filed
2012-05-10
IRS object ID
201221329349100007
Schema version
2011v1.2
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)
Timestamp2012-05-10T16:37:38-00:00Timestamp
Tax Period End Date2011-12-31TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1Foundation SourceBusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line155 Walls DriveAddressLine1
CityFairfieldCity
StateCTState
ZIP Code06824ZIPCode
FieldValueIRS element (for citing)
Return Type990PFReturnType
Tax Period Begin Date2011-01-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN201944833EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1The Leah and Alain Lebec Foundation IncBusinessNameLine1
FieldValueIRS element (for citing)
Name ControlLEAHNameControl
Phone8008391754Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line1Foundation Source 501 Silverside RdAddressLine1
CityWilmingtonCity
StateDEState
ZIP Code198091377ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameAlain LebecName
TitlePresidentTitle
Date Signed2012-05-10DateSigned
Authorize Third PartytrueAuthorizeThirdParty

Preparer Preparer

FieldValueIRS element (for citing)
NameJeffrey D HaskellName
Phone8008391754Phone
Date Prepared2012-05-10DatePrepared
FieldValueIRS element (for citing)
Tax Year2011TaxYear
Build TS2016-02-24 21:20:13ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Exempt PFXExemptPF
FMV Assets EOY1086063FMVAssetsEOY
Method Of Accounting CashXMethodOfAccountingCash

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Not Required To Attach Schedule BXNotRequiredToAttachScheduleB
Interest On Savings Rev And Expnss387InterestOnSavingsRevAndExpnss
Interest On Savings Net Invst Incm387InterestOnSavingsNetInvstIncm
Dividends Rev And Expnss20866DividendsRevAndExpnss
Dividends Net Invst Incm20866DividendsNetInvstIncm
Net Gain Sale Assets Rev And Expnss2930NetGainSaleAssetsRevAndExpnss
Gross Sales Price66973GrossSalesPrice
Capital Gain Net Incm Net Invst Incm2930CapitalGainNetIncmNetInvstIncm
Total Revenue And Expenses24183TotalRevenueAndExpenses
Total Net Investment Income24183TotalNetInvestmentIncome
Taxes Rev And Expnss44TaxesRevAndExpnss
Other Expenses Rev And Expnss9804OtherExpensesRevAndExpnss
Other Expenses Net Invst Incm159OtherExpensesNetInvstIncm
Other Expenses Dsbrs Chrtbl Prps9645OtherExpensesDsbrsChrtblPrps
Tot Opr Expenses Rev And Expnss9848TotOprExpensesRevAndExpnss
Tot Opr Expenses Net Invst Incm159TotOprExpensesNetInvstIncm
Tot Opr Expenses Dsbrs Chrtbl Prps9645TotOprExpensesDsbrsChrtblPrps
Contri Gifts Paid Rev And Expnss48250ContriGiftsPaidRevAndExpnss
Contri Gifts Paid Dsbrs Chrtbl Prps48250ContriGiftsPaidDsbrsChrtblPrps
Total Expenses Rev And Expnss58098TotalExpensesRevAndExpnss
Total Expenses Net Invst Incm159TotalExpensesNetInvstIncm
Total Expenses Dsbrs Chrtbl Prps57895TotalExpensesDsbrsChrtblPrps
Excess Of Revenue Over Expenses-33915ExcessOfRevenueOverExpenses
Net Investment Income24024NetInvestmentIncome

Balance Sheets BalanceSheets

FieldValueIRS element (for citing)
Savings And Temp Cash Invst BOY125560SavingsAndTempCashInvstBOY
Savings And Temp Cash Invst EOY94051SavingsAndTempCashInvstEOY
Savings And Temp Cash Invst EOYFMV94051SavingsAndTempCashInvstEOYFMV
Investments Corp Stock BOY1269132InvestmentsCorpStockBOY
Investments Corp Stock EOY1266726InvestmentsCorpStockEOY
Investments Corp Stock EOYFMV917012InvestmentsCorpStockEOYFMV
Investments Other BOY487500InvestmentsOtherBOY
Investments Other EOY487500InvestmentsOtherEOY
Investments Other EOYFMV75000InvestmentsOtherEOYFMV
Total Assets BOY1882192TotalAssetsBOY
Total Assets EOY1848277TotalAssetsEOY
Total Assets EOYFMV1086063TotalAssetsEOYFMV
Total Liabilities EOY0TotalLiabilitiesEOY
Org That Do Not Follow SFAS117XOrgThatDoNotFollowSFAS117
Retained Earnings BOY1882192RetainedEarningsBOY
Retained Earnings EOY1848277RetainedEarningsEOY
Total Net Assets BOY1882192TotalNetAssetsBOY
Total Net Assets EOY1848277TotalNetAssetsEOY
Total Liabilities Net Assets BOY1882192TotalLiabilitiesNetAssetsBOY
Total Liabilities Net Assets EOY1848277TotalLiabilitiesNetAssetsEOY

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

FieldValueIRS element (for citing)
Total Net Assets Fund Balances BOY1882192TotalNetAssetsFundBalancesBOY
Excess Of Revenue Over Expenses-33915ExcessOfRevenueOverExpenses
Subtotal1848277Subtotal
Total Net Assets Fund Balances EOY1848277TotalNetAssetsFundBalancesEOY

Capital Gains And Losses CapitalGainsAndLosses

Capital Gains And Losses Info CapitalGainsAndLossesInfo

FieldValueIRS element (for citing)
Description Of AssetPublicly-traded SecuritiesDescriptionOfAsset
Gross Sales Price66973GrossSalesPrice
Cost Or Other Basis64043CostOrOtherBasis
Gain Or Loss2930GainOrLoss
Gains Minus Excess Or Losses2930GainsMinusExcessOrLosses
FieldValueIRS element (for citing)
Capital Gain Net Income2930CapitalGainNetIncome

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

FieldValueIRS element (for citing)
Liable For4942 TaxfalseLiableFor4942Tax
Qualifying Distributions Year167089QualifyingDistributionsYear1
Noncharitable Assets Year11129590NoncharitableAssetsYear1
Distribution Ratio Year1000.059392DistributionRatioYear1
Qualifying Distributions Year270621QualifyingDistributionsYear2
Noncharitable Assets Year21032211NoncharitableAssetsYear2
Distribution Ratio Year2000.068417DistributionRatioYear2
Qualifying Distributions Year360607QualifyingDistributionsYear3
Noncharitable Assets Year31289691NoncharitableAssetsYear3
Distribution Ratio Year3000.046993DistributionRatioYear3
Qualifying Distributions Year461649QualifyingDistributionsYear4
Noncharitable Assets Year41696767NoncharitableAssetsYear4
Distribution Ratio Year4000.036333DistributionRatioYear4
Qualifying Distributions Year548012QualifyingDistributionsYear5
Noncharitable Assets Year51193514NoncharitableAssetsYear5
Distribution Ratio Year5000.040227DistributionRatioYear5
Total Distribution Ratio000.251362TotalDistributionRatio
Average Distribution Ratio000.050272AverageDistributionRatio
Net Noncharitable Assets1175313NetNoncharitableAssets
Adjusted Noncharitable Assets59085AdjustedNoncharitableAssets
One Percent Net Investment Income240OnePercentNetInvestmentIncome
Adj Nonchrtbl Assets And One59325AdjNonchrtblAssetsAndOnePct
Qualifying Distributions57895QualifyingDistributions

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

FieldValueIRS element (for citing)
Investment Income Excise Tax480InvestmentIncomeExciseTax
Subtotal480Subtotal
Tax Based On Investment Income480TaxBasedOnInvestmentIncome
Tax Due480TaxDue

Statements Regarding Activities StatementsRegardingActivities

FieldValueIRS element (for citing)
Legislative Political ActivitiesfalseLegislativePoliticalActivities
More Than100 SpentfalseMoreThan100Spent
Form1120 POL FiledfalseForm1120POLFiled
Activities Not Prev ReportedfalseActivitiesNotPrevReported
Changes To Articles Or BylawsfalseChangesToArticlesOrBylaws
Unrelated Bus Income Over1000falseUnrelatedBusIncomeOver1000
Termination EtcfalseTerminationEtc
Requirements Of Sect508etrueRequirementsOfSect508e
At Least5000 In AssetstrueAtLeast5000InAssets
Form990 PF Filed With AGtrueForm990PFFiledWithAG
Private Operating FoundationfalsePrivateOperatingFoundation
New Substantial ContributorsfalseNewSubstantialContributors
Interest In Controlled EntityfalseInterestInControlledEntity
Applicable Insurance ContractfalseApplicableInsuranceContract
Comply With Public Inspection RqrtrueComplyWithPublicInspectionRqr

Books In Care Of Business Name BooksInCareOfBusinessName

FieldValueIRS element (for citing)
Business Name Line1Foundation SourceBusinessNameLine1
FieldValueIRS element (for citing)
Books In Care Of Phone Number8008391754BooksInCareOfPhoneNumber

Books In Care Of US Address BooksInCareOfUSAddress

FieldValueIRS element (for citing)
Address Line1501 Silverside Road Suite 123AddressLine1
CityWilmingtonCity
StateDEState
ZIP Code198091377ZIPCode
FieldValueIRS element (for citing)
Foreign BankfalseForeignBank

Statements Regarding Acty4720 StatementsRegardingActy4720

FieldValueIRS element (for citing)
Sale Or Exchange With Dsqfly PersonfalseSaleOrExchangeWithDsqflyPerson
Borrow Or Lend With Dsqfly PersonfalseBorrowOrLendWithDsqflyPerson
Furnished Goods With Dsqfly PersonfalseFurnishedGoodsWithDsqflyPerson
Pay Compensation To Dsqfly PersonfalsePayCompensationToDsqflyPerson
Transfer Assets To Dsqfly PersonfalseTransferAssetsToDsqflyPerson
Payment To Government OfficalfalsePaymentToGovernmentOffical
Uncorrected Prior ActsfalseUncorrectedPriorActs
Undistributed Income Prior YearsfalseUndistributedIncomePriorYears
Business HoldingsfalseBusinessHoldings
Jeopardy InvestmentsfalseJeopardyInvestments
Uncorrected Jeopardy InvestmentsfalseUncorrectedJeopardyInvestments
Influence LegislationfalseInfluenceLegislation
Influence ElectionfalseInfluenceElection
Grants To IndividualsfalseGrantsToIndividuals
Grants To OrganizationsfalseGrantsToOrganizations
Noncharitable PurposefalseNoncharitablePurpose
Pay Premiums Prsnl Bnft ContractfalsePayPremiumsPrsnlBnftContract
Prohibited Tax Shelter TransactnfalseProhibitedTaxShelterTransactn
Proceeds Or Net IncometrueProceedsOrNetIncome

Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo

Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee (5 entries)

Address Line1USAddress/AddressLine1CityUSAddress/CityStateUSAddress/StateZIP CodeUSAddress/ZIPCodeTitleTitleAvg Hours Per Wk Devoted To PositionAvgHoursPerWkDevotedToPositionCompensationCompensation
Alain Lebec
Foundation Source 501 Silverside RdWilmingtonDE19809President / Director / Secretary001.000
Christina M Lebec
Foundation Source 501 Silverside RdWilmingtonDE19809Vice President001.000
Gabriel L Lebec
Foundation Source 501 Silverside RdWilmingtonDE19809Vice President001.000
Leah Lebec
Foundation Source 501 Silverside RdWilmingtonDE19809Vice President / Director001.000
Xavier A Lebec
Foundation Source 501 Silverside RdWilmingtonDE19809Vice President001.000
FieldValueIRS element (for citing)
Comp Of Highest Paid Empl NONENONECompOfHighestPaidEmplNONE

Minimum Investment Return MinimumInvestmentReturn

FieldValueIRS element (for citing)
Avg Monthly FMV Of Securities1017321AvgMonthlyFMVOfSecurities
Avg Monthly Cash Balances100890AvgMonthlyCashBalances
FMV All Other Noncharitable Assets75000FMVAllOtherNoncharitableAssets
Total FMV Of Unused Assets1193211TotalFMVOfUnusedAssets
Adj Total FMV Of Unused Assets1193211AdjTotalFMVOfUnusedAssets
Cash Deemed Charitable17898CashDeemedCharitable
Net Noncharitable Assets1175313NetNoncharitableAssets
Minimum Investment Return58766MinimumInvestmentReturn

Distributable DistributableAmount

FieldValueIRS element (for citing)
Minimum Investment Return58766MinimumInvestmentReturn
Tax Based On Investment Income480TaxBasedOnInvestmentIncome
Total Tax480TotalTax
Distributable Amount Before Adj58286DistributableAmountBeforeAdj
Distributable Amount Before Ded58286DistributableAmountBeforeDed
Distributable Amount As Adjusted58286DistributableAmountAsAdjusted

Qualifying Distributions QualifyingDistributions

FieldValueIRS element (for citing)
Expenses And Contributions57895ExpensesAndContributions
Qualifying Distributions57895QualifyingDistributions
Adj Qualifying Distributions57895AdjQualifyingDistributions

Undistributed Income UndistributedIncome

FieldValueIRS element (for citing)
Distributable Amount As Adjusted58286DistributableAmountAsAdjusted
Excess Distri Carryover Year219278ExcessDistriCarryoverYear2
Excess Distri Carryover Year111097ExcessDistriCarryoverYear1
Total Excess Distri Carryover30375TotalExcessDistriCarryover
Qualifying Distributions57895QualifyingDistributions
Applied To Current Year57895AppliedToCurrentYear
Excess Distri Cyov App CY Corpus391ExcessDistriCyovAppCYCorpus
Excess Distri Cyov Applied CY391ExcessDistriCyovAppliedCY
Total Corpus29984TotalCorpus
Undistributed Income CY0UndistributedIncomeCY
Excess Distri Cyov To Next Year29984ExcessDistriCyovToNextYear
Excess From Year218887ExcessFromYear2
Excess From Year111097ExcessFromYear1

Supplementary Information SupplementaryInformation

FieldValueIRS element (for citing)
Contributing ManagerAlain LebecContributingManager
Contributing ManagerLeah LebecContributingManager
Only Contributes To PreselectedXOnlyContributesToPreselected

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (21 entries)

Address Line1RecipientUSAddress/AddressLine1CityRecipientUSAddress/CityStateRecipientUSAddress/StateZIP CodeRecipientUSAddress/ZIPCodeRecipient RelationshipRecipientRelationshipRecipient Foundation StatusRecipientFoundationStatusPurpose Of Grant Or ContributionPurposeOfGrantOrContributionAmountAmount
ALL STARS PROJECT INC
543 W 42ND STNEW YORKNY10036N/A509(a)(1)General Unrestricted$1,000
ASSOC FOR SCIENCE IN AUTISM TREATME
PO BOX 188CROSSWICKSNJ08515N/A509(a)(2)General Unrestricted$2,500
BIRTHRIGHT OF GREATER STAMFORD INC
388 SUMMER STSTAMFORDCT06901N/A509(a)(1)General Unrestricted$250
BREAST CANCER ALLIANCE INC
48 MAPLE AVEGREENWICHCT06830N/A509(a)(1)General Unrestricted$500
BRUCE MUSEUM INC
1 MUSEUM DRGREENWICHCT06830N/A509(a)(1)Membership Campaign$250
CHILDRENS MUSEUM OF THE EAST END
PO BOX 316BRIDGEHAMPTONNY11932N/A509(a)(1)General Unrestricted$500
EAST END HOSPICE INC
PO BOX 1048WESTHAMPTON BEACHNY11978N/A509(a)(1)General Unrestricted$1,000
EAST HAMPTON HEALTHCARE FOUNDATION
200 PANTIGO PLEAST HAMPTONNY11937N/A509(a)(1)General Unrestricted$1,000
EAST HAMPTON HISTORICAL SOCIETY INC
101 MAIN STEAST HAMPTONNY11937N/A509(a)(1)Mulford Farm Theater Program$2,500
EAST HAMPTON HISTORICAL SOCIETY INC
101 MAIN STEAST HAMPTONNY11937N/A509(a)(1)Annual Appeal Campaign$2,000
GREENWICH LIBRARY
101 W PUTNAM AVEGREENWICHCT06830N/A509(a)(1)General Unrestricted$500
INSTITUTE ON RELIGION AND PUBLIC LI
35 E 21ST ST 6TH FLRNEW YORKNY10010N/A509(a)(1)First Things Program$1,000
JOHN'S ISLAND FOUNDATION INC
6001 N A1A PMB 8323INDIAN RIVER SHORESFL32963N/A509(a)(1)General Unrestricted$1,000
LADIES VILLAGE IMPROVEMENT SOCIETY
95 MAIN STEAST HAMPTONNY11937N/A509(a)(2)General Unrestricted$250
MAKE-A-WISH FOUNDATION OF METRO NEW
1111 MARCUS AVE STE LL22LAKE SUCCESSNY11042N/A509(a)(1)General Unrestricted$250
MEMORIAL SLOAN-KETTERING CANCER CEN
1275 YORK AVENEW YORKNY10065N/A509(a)(1)General Unrestricted$1,000
NEW YORK UNIVERSITY
726 BROADWAY - 2ND FL - RM 238NEW YORKNY10003N/A509(a)(1)Friends of Bobst Library Fund$1,000
NEW YORK UNIVERSITY
726 BROADWAY - 2ND FL - RM 238NEW YORKNY10003N/A509(a)(1)2011-2012 Goldwater Writing Project$25,000
THE METROPOLITAN MUSEUM OF ART
1000 5TH AVENEW YORKNY10028N/A509(a)(1)General Unrestricted$250
TRINITY FORUM INC
PO BOX 9464MC LEANVA22102N/A509(a)(2)General Unrestricted$1,000
UNIVERSITY OF MASSACHUSETTS AMHERST
134 HICKS WAY MEMORIAL HALLAMHERSTMA01003N/A509(a)(1)College of Humanities Fine Arts Scholarships - French Program$5,500
FieldValueIRS element (for citing)
Tot Grant Or Contri Paid During Year48250TotGrantOrContriPaidDuringYear

Analysis Income Producing Acty AnalysisIncomeProducingActy

Int On Savings And Temp Cash Invst IntOnSavingsAndTempCashInvst

FieldValueIRS element (for citing)
Exclusion Code14ExclusionCode
Exclusion$387ExclusionAmount

Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII

FieldValueIRS element (for citing)
Exclusion Code14ExclusionCode
Exclusion$20,866ExclusionAmount

Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry

FieldValueIRS element (for citing)
Exclusion Code18ExclusionCode
Exclusion$2,930ExclusionAmount

Subtotals Part XVIA SubtotalsPartXVIA

FieldValueIRS element (for citing)
Exclusion$24,183ExclusionAmount
FieldValueIRS element (for citing)
Total Part XVIA24183TotalPartXVIA

Trnsfr Tr Rln With Noncharitable EO TrnsfrTrRlnWithNoncharitableEO

FieldValueIRS element (for citing)
Trnsfr Of Cash To Noncharitable EOfalseTrnsfrOfCashToNoncharitableEO
Trnsfr Oth Assets Noncharitable EOfalseTrnsfrOthAssetsNoncharitableEO
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssets
Purchase Assets Noncharitable EOfalsePurchaseAssetsNoncharitableEO
Rental Of Facilities EtcfalseRentalOfFacilitiesEtc
Reimbursement ArrangementsfalseReimbursementArrangements
Loans Or Loan GuaranteesfalseLoansOrLoanGuarantees
Performance Of Services EtcfalsePerformanceOfServicesEtc
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtc
Relationships Noncharitable E OsfalseRelationshipsNoncharitableEOs

General Explanation Attachment GeneralExplanationAttachment

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corp Stock InvestmentsCorpStock (12 entries)

Name Of StockNameOfStockEOY Book ValueEOYBookValueEOYFMVEOYFMV
6987 shares of BANK OF AMERICA CORP BAC32855438848
5075 shares of BLACKROCK HLTHSC OP C SHSCX123981135298
2000 shares of COMCAST CORP CL A CMCSA5846847420
500 shares of DIRECTV GROUP DTV830321380
8471 shares of EVERGREEN EQUITY TR ASSET ALLOC FD CL C EACFX12018997504
2000 shares of GENERAL ELECTRIC CO GE6952135820
2708 shares of ING FOREIGN FUND CLASS C ICFCX5386531954
7610 shares of IVA WORLDWIDE FUND CLASS C IVWCX110409116353
4979 shares of IVY ASSET STRATEGY CL C WASCX99561107694
7650 shares of MERRILL LYNCH GLOBAL ALLOCATION C MCLOX134860129513
2000 shares of MICROSOFT CORPORATION MSFT5088351920
4251 shares of NUVEEN TRADEWINDS GLBL C NWGCX108132103308

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOther

FieldValueIRS element (for citing)
Category Or ItemFM LEVERAGED CAP FUND II REG 144A 34410U304CategoryOrItem
Book Value487500BookValue
EOYFMV75000EOYFMV

Other Expenses Schedule OtherExpensesSchedule

Other Expenses OtherExpenses (3 entries)

DescriptionDescriptionRevenue And Expenses Per BooksRevenueAndExpensesPerBooksDisbursements Charitable PrpsDisbursementsCharitablePrpsNet Investment IncomeNetInvestmentIncome
Administrative Fees96209620
Bank Charges159159
State or Local Filing Fees2525

Taxes Schedule TaxesSchedule

Taxes Taxes

FieldValueIRS element (for citing)
CategoryExcise Tax for 2010Category
Amount$44Amount
Net Investment Income0NetInvestmentIncome
Adjusted Net Income0AdjustedNetIncome
Disbursements Charitable Prps0DisbursementsCharitablePrps

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