LEE AND PENNY ANDERSON FOUNDATION: Form 990PF, tax year 2011

View the entire original 990 at ProPublica ↗

Organization
LEE AND PENNY ANDERSON FOUNDATION (EIN 65-6254123)
Tax period
2011-07-01 to 2012-06-30
Filed
2012-11-30
IRS object ID
201243359349100004
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)
Timestamp2012-11-30T12:12:18-06:00Timestamp
Tax Period End Date2012-06-30TaxPeriodEndDate

Preparer Firm PreparerFirm

FieldValueIRS element (for citing)
EIN420714325EIN

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1MCGLADREY LLPBusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line1801 NICOLLET MALL SUITE 1100AddressLine1
CityMINNEAPOLISCity
StateMNState
ZIP Code55402ZIPCode
FieldValueIRS element (for citing)
Return Type990PFReturnType
Tax Period Begin Date2011-07-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN656254123EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1LEE AND PENNY ANDERSON FOUNDATIONBusinessNameLine1
FieldValueIRS element (for citing)
Name ControlLEEANameControl
Phone6516042700Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line11100 OLD HIGHWAY 8 NWAddressLine1
CityNEW BRIGHTONCity
StateMNState
ZIP Code55112ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameLEE R ANDERSON SRName
TitleTRUSTEETitle
Phone6516042700Phone
Date Signed2012-11-19DateSigned
Authorize Third Party1AuthorizeThirdParty

Preparer Preparer

FieldValueIRS element (for citing)
NameTODD A JACKSONName
PTINP00092672PTIN
Phone6123324300Phone
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 EOY3501FMVAssetsEOY
Method Of Accounting CashXMethodOfAccountingCash

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Received Rev And Expnss60000ContriReceivedRevAndExpnss
Dividends Rev And Expnss102DividendsRevAndExpnss
Dividends Net Invst Incm102DividendsNetInvstIncm
Capital Gain Net Incm Net Invst Incm0CapitalGainNetIncmNetInvstIncm
Total Revenue And Expenses60102TotalRevenueAndExpenses
Total Net Investment Income102TotalNetInvestmentIncome
Comp Ofcr Dir Trst Rev And Expnss0CompOfcrDirTrstRevAndExpnss
Comp Ofcr Dir Trst Net Invst Incm0CompOfcrDirTrstNetInvstIncm
Comp Ofcr Dir Trst Dsbrs Chrtbl Prps0CompOfcrDirTrstDsbrsChrtblPrps
Accounting Fees Rev And Expnss1650AccountingFeesRevAndExpnss
Accounting Fees Net Invst Incm247AccountingFeesNetInvstIncm
Accounting Fees Dsbrs Chrtbl Prps1403AccountingFeesDsbrsChrtblPrps
Tot Opr Expenses Rev And Expnss1650TotOprExpensesRevAndExpnss
Tot Opr Expenses Net Invst Incm247TotOprExpensesNetInvstIncm
Tot Opr Expenses Dsbrs Chrtbl Prps1403TotOprExpensesDsbrsChrtblPrps
Contri Gifts Paid Rev And Expnss55500ContriGiftsPaidRevAndExpnss
Contri Gifts Paid Dsbrs Chrtbl Prps55500ContriGiftsPaidDsbrsChrtblPrps
Total Expenses Rev And Expnss57150TotalExpensesRevAndExpnss
Total Expenses Net Invst Incm247TotalExpensesNetInvstIncm
Total Expenses Dsbrs Chrtbl Prps56903TotalExpensesDsbrsChrtblPrps
Excess Of Revenue Over Expenses2952ExcessOfRevenueOverExpenses
Net Investment Income0NetInvestmentIncome

Balance Sheets BalanceSheets

FieldValueIRS element (for citing)
Savings And Temp Cash Invst BOY549SavingsAndTempCashInvstBOY
Savings And Temp Cash Invst EOY3501SavingsAndTempCashInvstEOY
Savings And Temp Cash Invst EOYFMV3501SavingsAndTempCashInvstEOYFMV
Total Assets BOY549TotalAssetsBOY
Total Assets EOY3501TotalAssetsEOY
Total Assets EOYFMV3501TotalAssetsEOYFMV
Total Liabilities BOY0TotalLiabilitiesBOY
Total Liabilities EOY0TotalLiabilitiesEOY
Org That Do Not Follow SFAS117XOrgThatDoNotFollowSFAS117
Capital Stock BOY0CapitalStockBOY
Capital Stock EOY0CapitalStockEOY
Paid In Or Capital Surplus BOY0PaidInOrCapitalSurplusBOY
Paid In Or Capital Surplus EOY0PaidInOrCapitalSurplusEOY
Retained Earnings BOY549RetainedEarningsBOY
Retained Earnings EOY3501RetainedEarningsEOY
Total Net Assets BOY549TotalNetAssetsBOY
Total Net Assets EOY3501TotalNetAssetsEOY
Total Liabilities Net Assets BOY549TotalLiabilitiesNetAssetsBOY
Total Liabilities Net Assets EOY3501TotalLiabilitiesNetAssetsEOY

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

FieldValueIRS element (for citing)
Total Net Assets Fund Balances BOY549TotalNetAssetsFundBalancesBOY
Excess Of Revenue Over Expenses2952ExcessOfRevenueOverExpenses
Other Increases0OtherIncreases
Subtotal3501Subtotal
Other Decreases0OtherDecreases
Total Net Assets Fund Balances EOY3501TotalNetAssetsFundBalancesEOY

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

FieldValueIRS element (for citing)
Liable For4942 Tax0LiableFor4942Tax
Qualifying Distributions Year1135702QualifyingDistributionsYear1
Noncharitable Assets Year164826NoncharitableAssetsYear1
Distribution Ratio Year12.093327DistributionRatioYear1
Qualifying Distributions Year2241038QualifyingDistributionsYear2
Noncharitable Assets Year219379NoncharitableAssetsYear2
Distribution Ratio Year212.438103DistributionRatioYear2
Qualifying Distributions Year3788419QualifyingDistributionsYear3
Noncharitable Assets Year342621NoncharitableAssetsYear3
Distribution Ratio Year318.498369DistributionRatioYear3
Qualifying Distributions Year41223605QualifyingDistributionsYear4
Noncharitable Assets Year4318736NoncharitableAssetsYear4
Distribution Ratio Year43.838929DistributionRatioYear4
Qualifying Distributions Year51296656QualifyingDistributionsYear5
Noncharitable Assets Year5372645NoncharitableAssetsYear5
Distribution Ratio Year53.479601DistributionRatioYear5
Total Distribution Ratio40.348329TotalDistributionRatio
Average Distribution Ratio8.069666AverageDistributionRatio
Net Noncharitable Assets24109NetNoncharitableAssets
Adjusted Noncharitable Assets194552AdjustedNoncharitableAssets
One Percent Net Investment Income0OnePercentNetInvestmentIncome
Adj Nonchrtbl Assets And One194552AdjNonchrtblAssetsAndOnePct
Qualifying Distributions56903QualifyingDistributions

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

FieldValueIRS element (for citing)
Investment Income Excise Tax0InvestmentIncomeExciseTax
Tax Under Section5110TaxUnderSection511
Subtotal0Subtotal
Subtitle A Tax0SubtitleATax
Tax Based On Investment Income0TaxBasedOnInvestmentIncome
Est Tax Payments And Overpayment1200EstTaxPaymentsAndOverpayment
Total Credits And Payments1200TotalCreditsAndPayments
Overpayment1200Overpayment
Amount Credited To Next Year1200AmountCreditedToNextYear
Amount To Be Refunded0AmountToBeRefunded

Statements Regarding Activities StatementsRegardingActivities

FieldValueIRS element (for citing)
Legislative Political Activities0LegislativePoliticalActivities
More Than100 Spent0MoreThan100Spent
Form1120 POL Filed0Form1120POLFiled
Sect4955 Tax On Organization0Sect4955TaxOnOrganization
Sect4955 Tax On Managers0Sect4955TaxOnManagers
Reimbursement Of Tax0ReimbursementOfTax
Activities Not Prev Reported0ActivitiesNotPrevReported
Changes To Articles Or Bylaws0ChangesToArticlesOrBylaws
Unrelated Bus Income Over10000UnrelatedBusIncomeOver1000
Termination Etc0TerminationEtc
Requirements Of Sect508e1RequirementsOfSect508e
At Least5000 In Assets1AtLeast5000InAssets
States Filed WithFLStatesFiledWith
Form990 PF Filed With AG1Form990PFFiledWithAG
Private Operating Foundation0PrivateOperatingFoundation
New Substantial Contributors0NewSubstantialContributors
Interest In Controlled Entity0InterestInControlledEntity
Applicable Insurance Contract0ApplicableInsuranceContract
Comply With Public Inspection Rqr1ComplyWithPublicInspectionRqr
Website AddressN/AWebsiteAddress
Books In Care Of Person NameLEE R SR KATHARINE ANDERSONBooksInCareOfPersonName
Books In Care Of Phone Number7635451004BooksInCareOfPhoneNumber

Books In Care Of US Address BooksInCareOfUSAddress

FieldValueIRS element (for citing)
Address Line13054 GORDON DRIVEAddressLine1
CityNAPLESCity
StateFLState
ZIP Code34102ZIPCode
FieldValueIRS element (for citing)
Foreign Bank0ForeignBank

Statements Regarding Acty4720 StatementsRegardingActy4720

FieldValueIRS element (for citing)
Sale Or Exchange With Dsqfly Person0SaleOrExchangeWithDsqflyPerson
Borrow Or Lend With Dsqfly Person0BorrowOrLendWithDsqflyPerson
Furnished Goods With Dsqfly Person0FurnishedGoodsWithDsqflyPerson
Pay Compensation To Dsqfly Person0PayCompensationToDsqflyPerson
Transfer Assets To Dsqfly Person0TransferAssetsToDsqflyPerson
Payment To Government Offical0PaymentToGovernmentOffical
Uncorrected Prior Acts0UncorrectedPriorActs
Undistributed Income Prior Years0UndistributedIncomePriorYears
Business Holdings0BusinessHoldings
Jeopardy Investments0JeopardyInvestments
Uncorrected Jeopardy Investments0UncorrectedJeopardyInvestments
Influence Legislation0InfluenceLegislation
Influence Election0InfluenceElection
Grants To Individuals0GrantsToIndividuals
Grants To Organizations0GrantsToOrganizations
Noncharitable Purpose0NoncharitablePurpose
Rcv Funds To Pay Prsnl Bnft Contract0RcvFundsToPayPrsnlBnftContract
Pay Premiums Prsnl Bnft Contract0PayPremiumsPrsnlBnftContract
Prohibited Tax Shelter Transactn0ProhibitedTaxShelterTransactn

Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo

Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee (2 entries)

Address Line1USAddress/AddressLine1CityUSAddress/CityStateUSAddress/StateZIP CodeUSAddress/ZIPCodeTitleTitleAvg Hours Per Wk Devoted To PositionAvgHoursPerWkDevotedToPositionCompensationCompensationContri To Empl Benefit Plans EtcContriToEmplBenefitPlansEtcExpense Account Other AllowancesExpenseAccountOtherAllowances
LEE R ANDERSON SR
3054 GORDON DRIVENAPLESFL34102TRUSTEE, PRESIDENT2.00000
KATHARINE M ANDERSON
3054 GORDON DRIVENAPLESFL34102TRUSTEE, SECRETARY/TREASUR2.00000
FieldValueIRS element (for citing)
Comp Of Highest Paid Empl NONENONECompOfHighestPaidEmplNONE
Tot Number Of Oth Empl Paid Over50k0TotNumberOfOthEmplPaidOver50k
Comp Of Hghst Paid Cntrct NONENONECompOfHghstPaidCntrctNONE
Tot Number Of Cntrct Paid Over50k0TotNumberOfCntrctPaidOver50k

Summary Of Direct Charitable Acty SummaryOfDirectCharitableActy

FieldValueIRS element (for citing)
Description1N/ADescription1
Expenses10Expenses1

Sum Of Program Related Investments SumOfProgramRelatedInvestments

FieldValueIRS element (for citing)
Description1N/ADescription1
Amount10Amount1
All Oth Prog Rltd Investments Total0AllOthProgRltdInvestmentsTotal
Total0Total

Minimum Investment Return MinimumInvestmentReturn

FieldValueIRS element (for citing)
Avg Monthly FMV Of Securities0AvgMonthlyFMVOfSecurities
Avg Monthly Cash Balances24476AvgMonthlyCashBalances
FMV All Other Noncharitable Assets0FMVAllOtherNoncharitableAssets
Total FMV Of Unused Assets24476TotalFMVOfUnusedAssets
Reduction Claimed0ReductionClaimed
Acquisition Indebtedness0AcquisitionIndebtedness
Adj Total FMV Of Unused Assets24476AdjTotalFMVOfUnusedAssets
Cash Deemed Charitable367CashDeemedCharitable
Net Noncharitable Assets24109NetNoncharitableAssets
Minimum Investment Return1205MinimumInvestmentReturn

Distributable DistributableAmount

FieldValueIRS element (for citing)
Minimum Investment Return1205MinimumInvestmentReturn
Total Tax0TotalTax
Distributable Amount Before Adj1205DistributableAmountBeforeAdj
Recoveries Qlfy Distributions0RecoveriesQlfyDistributions
Distributable Amount Before Ded1205DistributableAmountBeforeDed
Deduction Fr Distributable$0DeductionFrDistributableAmount
Distributable Amount As Adjusted1205DistributableAmountAsAdjusted

Qualifying Distributions QualifyingDistributions

FieldValueIRS element (for citing)
Expenses And Contributions56903ExpensesAndContributions
Program Related Investments Total0ProgramRelatedInvestmentsTotal
Qualifying Distributions56903QualifyingDistributions
One Pct Sect4940e Org Net Invst Incm0OnePctSect4940eOrgNetInvstIncm
Adj Qualifying Distributions56903AdjQualifyingDistributions

Undistributed Income UndistributedIncome

FieldValueIRS element (for citing)
Distributable Amount As Adjusted1205DistributableAmountAsAdjusted
Undistributed Income Prior Year0UndistributedIncomePriorYear
Total For Prior Years0TotalForPriorYears
Excess Distri Carryover Year51296656ExcessDistriCarryoverYear5
Excess Distri Carryover Year41207945ExcessDistriCarryoverYear4
Excess Distri Carryover Year3786288ExcessDistriCarryoverYear3
Excess Distri Carryover Year2240069ExcessDistriCarryoverYear2
Excess Distri Carryover Year1132461ExcessDistriCarryoverYear1
Total Excess Distri Carryover3663419TotalExcessDistriCarryover
Qualifying Distributions56903QualifyingDistributions
Applied To Year10AppliedToYear1
Applied To Prior Years0AppliedToPriorYears
Treated As Distri From Corpus0TreatedAsDistriFromCorpus
Applied To Current Year1205AppliedToCurrentYear
Remaining Distri From Corpus55698RemainingDistriFromCorpus
Excess Distri Cyov App CY Corpus0ExcessDistriCyovAppCYCorpus
Excess Distri Cyov Applied CY0ExcessDistriCyovAppliedCY
Total Corpus3719117TotalCorpus
Prior Year Undistributed Income0PriorYearUndistributedIncome
Prior Year Deficiency Or Tax0PriorYearDeficiencyOrTax
Taxable Amount10TaxableAmount1
Taxable Amount20TaxableAmount2
Undistributed Income CY0UndistributedIncomeCY
Distri From Corpus170b1 E Or4942g30DistriFromCorpus170b1EOr4942g3
Excess Distri Cyov From Year51296656ExcessDistriCyovFromYear5
Excess Distri Cyov To Next Year2422461ExcessDistriCyovToNextYear
Excess From Year41207945ExcessFromYear4
Excess From Year3786288ExcessFromYear3
Excess From Year2240069ExcessFromYear2
Excess From Year1132461ExcessFromYear1
Excess From Current Year55698ExcessFromCurrentYear

Supplementary Information SupplementaryInformation

FieldValueIRS element (for citing)
Contributing ManagerLEE R ANDERSON SRContributingManager
Only Contributes To PreselectedXOnlyContributesToPreselected

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (7 entries)

Address Line1RecipientUSAddress/AddressLine1CityRecipientUSAddress/CityStateRecipientUSAddress/StateZIP CodeRecipientUSAddress/ZIPCodeRecipient RelationshipRecipientRelationshipRecipient Foundation StatusRecipientFoundationStatusPurpose Of Grant Or ContributionPurposeOfGrantOrContributionAmountAmount
ALZHEIMER'S ASSOCIATION
7900 W 78TH ST STE 100MINNEAPOLISMN55439NONEPUBLIC CHARITYPROGRAM SUPPORT$500
ST PAUL SEMINARY - SCHOOL OF DIVINITY
2260 SUMMIT AVESTPAULMN55105NONEEDUCATIONALENDOWMENT CAMPAIGN$20,000
COMMUNITY SCHOOL OF NAPLES
13275 LIVINGSTON RDNAPLESFL34109NONEEDUCATIONALPROGRAM SUPPORT$5,000
NISSWA-STAMMAN CROSSING ARTS ALLIANCE
C/O 1001 KINGWOOD STBRAINARDMN56401NONEPUBLIC CHARITYNISSWA-STAMMAN PROGRAM$5,000
LUNDSTRUM CENTER
1617 N 2ND STMINNEAPOLISMN55411NONEPUBLIC CHARITYPROGRAM SUPPORT$10,000
REGIS UNIVERSITY SCHOLARSHIP FUNDS
3333 REGIS BLVDDENVERCO80221NONEEDUCATIONALM SHEERAN SJ ENDOWED SCHOLARSHIP FUND - REGIS UNIVERSITY$10,000
TRAVIS MANION FOUNDATION
PO BOX 1485DOYLESTOWNPA18901NONEPUBLIC CHARITYPROGRAM SUPPORT$5,000
FieldValueIRS element (for citing)
Tot Grant Or Contri Paid During Year55500TotGrantOrContriPaidDuringYear
Tot Grant Or Contri Approved Future0TotGrantOrContriApprovedFuture

Analysis Income Producing Acty AnalysisIncomeProducingActy

Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII

FieldValueIRS element (for citing)
Exclusion Code14ExclusionCode
Exclusion$102ExclusionAmount

Subtotals Part XVIA SubtotalsPartXVIA

FieldValueIRS element (for citing)
Unrelated Business Income$0UnrelatedBusinessIncomeAmount
Exclusion$102ExclusionAmount
Related Or Exempt Function Income0RelatedOrExemptFunctionIncome
FieldValueIRS element (for citing)
Total Part XVIA102TotalPartXVIA

Trnsfr Tr Rln With Noncharitable EO TrnsfrTrRlnWithNoncharitableEO

FieldValueIRS element (for citing)
Trnsfr Of Cash To Noncharitable EO0TrnsfrOfCashToNoncharitableEO
Trnsfr Oth Assets Noncharitable EO0TrnsfrOthAssetsNoncharitableEO
Sales Or Exchanges Of Assets0SalesOrExchangesOfAssets
Purchase Assets Noncharitable EO0PurchaseAssetsNoncharitableEO
Rental Of Facilities Etc0RentalOfFacilitiesEtc
Reimbursement Arrangements0ReimbursementArrangements
Loans Or Loan Guarantees0LoansOrLoanGuarantees
Performance Of Services Etc0PerformanceOfServicesEtc
Sharing Of Facilities Etc0SharingOfFacilitiesEtc
Relationships Noncharitable E Os0RelationshipsNoncharitableEOs

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFXOrganization501c3ExemptPF
General RuleXGeneralRule

Contributor Info ContributorInfo (2 entries)

Contributor NumberContributorNumberContributor Name IndividualContributorNameIndividualAddress Line1ContributorAddressUS/AddressLine1CityContributorAddressUS/CityStateContributorAddressUS/StateZIP CodeContributorAddressUS/ZIPCodeAggregate ContributionsAggregateContributionsPerson Contribution TypePersonContributionType
1API GROUP INC1100 OLD HIGHWAY 8 NWNEW BRIGHTONMN5511250000X
2LEE R ANDERSON SR3054 GORDON DRIVENAPLESFL3410210000X

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees AccountingFees

FieldValueIRS element (for citing)
CategoryACCOUNTING FEESCategory
Amount$1,650Amount
Net Investment Income247NetInvestmentIncome
Disbursements Charitable Prps1403DisbursementsCharitablePrps

All Oth Prog Rltd Investments Sch AllOthProgRltdInvestmentsSch

All Oth Prog Rltd Investments AllOthProgRltdInvestments

FieldValueIRS element (for citing)
DescriptionN/ADescription
Amount$0Amount

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