LOWMAN FAMILY FOUNDATION INC: Form 990PF, tax year 2010

View the entire original 990 at ProPublica ↗

Organization
LOWMAN FAMILY FOUNDATION INC (EIN 20-2006281)
Tax period
2010-01-01 to 2010-12-31
Filed
2011-02-23
IRS object ID
201110549349100401
Schema version
2010v3.2
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)
Timestamp2011-02-23T14:25:40-06:00Timestamp
Tax Period End Date2010-12-31TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1GRIFFITH DELANEY HILLMAN &AMP COBusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 1360AddressLine1
CityASHLANDCity
StateKYState
ZIP Code411051360ZIPCode
FieldValueIRS element (for citing)
Return Type990PFReturnType
Tax Period Begin Date2010-01-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN202006281EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1LOWMAN FAMILY FOUNDATION INCBusinessNameLine1
FieldValueIRS element (for citing)
Name ControlLOWMNameControl
Phone6063290797Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line1P O BOX 1699AddressLine1
CityASHLANDCity
StateKYState
ZIP Code411051699ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameE B LOWMAN IIName
TitlePRESIDENTTitle
Phone6063290797Phone
Date Signed2011-01-19DateSigned

Preparer Preparer

FieldValueIRS element (for citing)
NameJ MICHAEL DELANEYName
Phone6063291656Phone
FieldValueIRS element (for citing)
Tax Year2010TaxYear
Build TS2016-02-24 21:20:13ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Exempt PFXExemptPF
FMV Assets EOY1752628FMVAssetsEOY
Method Of Accounting CashXMethodOfAccountingCash

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Received Rev And Expnss35497ContriReceivedRevAndExpnss
Dividends Rev And Expnss67517DividendsRevAndExpnss
Dividends Net Invst Incm67517DividendsNetInvstIncm
Net Gain Sale Assets Rev And Expnss-19630NetGainSaleAssetsRevAndExpnss
Gross Sales Price556609GrossSalesPrice
Capital Gain Net Incm Net Invst Incm0CapitalGainNetIncmNetInvstIncm
Total Revenue And Expenses83384TotalRevenueAndExpenses
Total Net Investment Income67517TotalNetInvestmentIncome
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 Expnss2635AccountingFeesRevAndExpnss
Accounting Fees Net Invst Incm0AccountingFeesNetInvstIncm
Accounting Fees Dsbrs Chrtbl Prps0AccountingFeesDsbrsChrtblPrps
Taxes Rev And Expnss1546TaxesRevAndExpnss
Taxes Net Invst Incm0TaxesNetInvstIncm
Taxes Dsbrs Chrtbl Prps0TaxesDsbrsChrtblPrps
Tot Opr Expenses Rev And Expnss4181TotOprExpensesRevAndExpnss
Tot Opr Expenses Net Invst Incm0TotOprExpensesNetInvstIncm
Tot Opr Expenses Dsbrs Chrtbl Prps0TotOprExpensesDsbrsChrtblPrps
Contri Gifts Paid Rev And Expnss30000ContriGiftsPaidRevAndExpnss
Contri Gifts Paid Dsbrs Chrtbl Prps30000ContriGiftsPaidDsbrsChrtblPrps
Total Expenses Rev And Expnss34181TotalExpensesRevAndExpnss
Total Expenses Net Invst Incm0TotalExpensesNetInvstIncm
Total Expenses Dsbrs Chrtbl Prps30000TotalExpensesDsbrsChrtblPrps
Excess Of Revenue Over Expenses49203ExcessOfRevenueOverExpenses
Net Investment Income67517NetInvestmentIncome

Balance Sheets BalanceSheets

FieldValueIRS element (for citing)
Cash BOY1CashBOY
Savings And Temp Cash Invst BOY37600SavingsAndTempCashInvstBOY
Savings And Temp Cash Invst EOY316474SavingsAndTempCashInvstEOY
Savings And Temp Cash Invst EOYFMV316474SavingsAndTempCashInvstEOYFMV
Investments Corp Stock BOY1325679InvestmentsCorpStockBOY
Investments Corp Stock EOY1184556InvestmentsCorpStockEOY
Investments Corp Stock EOYFMV1416834InvestmentsCorpStockEOYFMV
Investments Other BOY131467InvestmentsOtherBOY
Investments Other EOY41360InvestmentsOtherEOY
Investments Other EOYFMV17760InvestmentsOtherEOYFMV
Other Assets BOY0OtherAssetsBOY
Other Assets EOY1560OtherAssetsEOY
Other Assets EOYFMV1560OtherAssetsEOYFMV
Total Assets BOY1494747TotalAssetsBOY
Total Assets EOY1543950TotalAssetsEOY
Total Assets EOYFMV1752628TotalAssetsEOYFMV
Total Liabilities BOY0TotalLiabilitiesBOY
Total Liabilities EOY0TotalLiabilitiesEOY
Org That Follow SFAS117XOrgThatFollowSFAS117
Unrestricted BOY1494747UnrestrictedBOY
Unrestricted EOY1543950UnrestrictedEOY
Total Net Assets BOY1494747TotalNetAssetsBOY
Total Net Assets EOY1543950TotalNetAssetsEOY
Total Liabilities Net Assets BOY1494747TotalLiabilitiesNetAssetsBOY
Total Liabilities Net Assets EOY1543950TotalLiabilitiesNetAssetsEOY

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

FieldValueIRS element (for citing)
Total Net Assets Fund Balances BOY1494747TotalNetAssetsFundBalancesBOY
Excess Of Revenue Over Expenses49203ExcessOfRevenueOverExpenses
Other Increases0OtherIncreases
Subtotal1543950Subtotal
Other Decreases0OtherDecreases
Total Net Assets Fund Balances EOY1543950TotalNetAssetsFundBalancesEOY

Capital Gains And Losses CapitalGainsAndLosses

Capital Gains And Losses Info CapitalGainsAndLossesInfo (2 entries)

Description Of AssetDescriptionOfAssetHow AcquiredHowAcquiredDate AcquiredDateAcquiredDate SoldDateSoldGross Sales PriceGrossSalesPriceCost Or Other BasisCostOrOtherBasisGain Or LossGainOrLossGains Minus Excess Or LossesGainsMinusExcessOrLosses
SALE OF SECURITIES ON NYSEP2007-06-142010-05-24468107509360-41253-41253
THROUGH COMMERCIAL BROKERP2009-05-212010-02-2288502668792162321623
FieldValueIRS element (for citing)
Capital Gain Net Income-19630CapitalGainNetIncome

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

FieldValueIRS element (for citing)
Liable For4942 Tax0LiableFor4942Tax
Qualifying Distributions Year158000QualifyingDistributionsYear1
Noncharitable Assets Year11182224NoncharitableAssetsYear1
Distribution Ratio Year10.049060DistributionRatioYear1
Qualifying Distributions Year260000QualifyingDistributionsYear2
Noncharitable Assets Year21058798NoncharitableAssetsYear2
Distribution Ratio Year20.056668DistributionRatioYear2
Qualifying Distributions Year345000QualifyingDistributionsYear3
Noncharitable Assets Year31158632NoncharitableAssetsYear3
Distribution Ratio Year30.038839DistributionRatioYear3
Qualifying Distributions Year451500QualifyingDistributionsYear4
Noncharitable Assets Year4356727NoncharitableAssetsYear4
Distribution Ratio Year40.144368DistributionRatioYear4
Qualifying Distributions Year536000QualifyingDistributionsYear5
Noncharitable Assets Year5148067NoncharitableAssetsYear5
Distribution Ratio Year50.243133DistributionRatioYear5
Total Distribution Ratio0.532068TotalDistributionRatio
Average Distribution Ratio0.106414AverageDistributionRatio
Net Noncharitable Assets1556080NetNoncharitableAssets
Adjusted Noncharitable Assets165589AdjustedNoncharitableAssets
One Percent Net Investment Income675OnePercentNetInvestmentIncome
Adj Nonchrtbl Assets And One166264AdjNonchrtblAssetsAndOnePct
Qualifying Distributions30000QualifyingDistributions

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

FieldValueIRS element (for citing)
Investment Income Excise Tax1350InvestmentIncomeExciseTax
Tax Under Section5110TaxUnderSection511
Subtotal1350Subtotal
Subtitle A Tax0SubtitleATax
Tax Based On Investment Income1350TaxBasedOnInvestmentIncome
Est Tax Payments And Overpayment1560EstTaxPaymentsAndOverpayment
Total Credits And Payments1560TotalCreditsAndPayments
Overpayment210Overpayment
Amount Credited To Next Year210AmountCreditedToNextYear
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 Sect508e0RequirementsOfSect508e
At Least5000 In Assets1AtLeast5000InAssets
States Filed WithKYStatesFiledWith
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 NameCOMPANY OFFICERSBooksInCareOfPersonName
Books In Care Of Phone Number6063290797BooksInCareOfPhoneNumber

Books In Care Of US Address BooksInCareOfUSAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 1699AddressLine1
CityASHLANDCity
StateKYState
ZIP Code411051699ZIPCode
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 (5 entries)

Address Line1USAddress/AddressLine1CityUSAddress/CityStateUSAddress/StateZIP CodeUSAddress/ZIPCodeTitleTitleAvg Hours Per Wk Devoted To PositionAvgHoursPerWkDevotedToPositionCompensationCompensationContri To Empl Benefit Plans EtcContriToEmplBenefitPlansEtcExpense Account Other AllowancesExpenseAccountOtherAllowances
E B LOWMAN II
P O BOX 1699ASHLANDKY41105PRESIDENT1.00000
JO ANNE LOWMAN
P O BOX 1699ASHLANDKY41105SECRETARY/TREASURER0.00000
SARAH LOWMAN
P O BOX 1699ASHLANDKY41105VICE PRESIDENT0.00000
E B LOWMAN III
P O BOX 1699ASHLANDKY41105VICE PRESIDENT0.00000
KIM LOWMAN
P O BOX 1699ASHLANDKY41105VICE PRESIDENT0.00000
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

Sum Of Program Related Investments SumOfProgramRelatedInvestments

FieldValueIRS element (for citing)
Total0Total

Minimum Investment Return MinimumInvestmentReturn

FieldValueIRS element (for citing)
Avg Monthly FMV Of Securities1129114AvgMonthlyFMVOfSecurities
Avg Monthly Cash Balances450663AvgMonthlyCashBalances
FMV All Other Noncharitable Assets0FMVAllOtherNoncharitableAssets
Total FMV Of Unused Assets1579777TotalFMVOfUnusedAssets
Reduction Claimed0ReductionClaimed
Acquisition Indebtedness0AcquisitionIndebtedness
Adj Total FMV Of Unused Assets1579777AdjTotalFMVOfUnusedAssets
Cash Deemed Charitable23697CashDeemedCharitable
Net Noncharitable Assets1556080NetNoncharitableAssets
Minimum Investment Return77804MinimumInvestmentReturn

Distributable DistributableAmount

FieldValueIRS element (for citing)
Minimum Investment Return77804MinimumInvestmentReturn
Tax Based On Investment Income1350TaxBasedOnInvestmentIncome
Total Tax1350TotalTax
Distributable Amount Before Adj76454DistributableAmountBeforeAdj
Recoveries Qlfy Distributions0RecoveriesQlfyDistributions
Distributable Amount Before Ded76454DistributableAmountBeforeDed
Deduction Fr Distributable$0DeductionFrDistributableAmount
Distributable Amount As Adjusted76454DistributableAmountAsAdjusted

Qualifying Distributions QualifyingDistributions

FieldValueIRS element (for citing)
Expenses And Contributions30000ExpensesAndContributions
Program Related Investments Total0ProgramRelatedInvestmentsTotal
Qualifying Distributions30000QualifyingDistributions
One Pct Sect4940e Org Net Invst Incm0OnePctSect4940eOrgNetInvstIncm
Adj Qualifying Distributions30000AdjQualifyingDistributions

Undistributed Income UndistributedIncome

FieldValueIRS element (for citing)
Distributable Amount As Adjusted76454DistributableAmountAsAdjusted
Undistributed Income Prior Year0UndistributedIncomePriorYear
Total For Prior Years0TotalForPriorYears
Excess Distri Carryover Year528700ExcessDistriCarryoverYear5
Excess Distri Carryover Year434587ExcessDistriCarryoverYear4
Excess Distri Carryover Year28607ExcessDistriCarryoverYear2
Excess Distri Carryover Year1444ExcessDistriCarryoverYear1
Total Excess Distri Carryover72338TotalExcessDistriCarryover
Qualifying Distributions30000QualifyingDistributions
Applied To Year10AppliedToYear1
Applied To Prior Years0AppliedToPriorYears
Treated As Distri From Corpus0TreatedAsDistriFromCorpus
Applied To Current Year30000AppliedToCurrentYear
Remaining Distri From Corpus0RemainingDistriFromCorpus
Excess Distri Cyov App CY Corpus46454ExcessDistriCyovAppCYCorpus
Excess Distri Cyov Applied CY46454ExcessDistriCyovAppliedCY
Total Corpus25884TotalCorpus
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 Year50ExcessDistriCyovFromYear5
Excess Distri Cyov To Next Year25884ExcessDistriCyovToNextYear
Excess From Year416833ExcessFromYear4
Excess From Year28607ExcessFromYear2
Excess From Year1444ExcessFromYear1

Supplementary Information SupplementaryInformation

FieldValueIRS element (for citing)
Contributing ManagerE B LOWMAN IIContributingManager
Contributing ManagerJO ANNE LOWMANContributingManager
Only Contributes To PreselectedXOnlyContributesToPreselected

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (5 entries)

Address Line1RecipientUSAddress/AddressLine1CityRecipientUSAddress/CityStateRecipientUSAddress/StateZIP CodeRecipientUSAddress/ZIPCodePurpose Of Grant Or ContributionPurposeOfGrantOrContributionAmountAmount
CARES
2516 CARTER AVEASHLANDKY41101SERVICES FOR NEEDY$5,000
CHRISTIAN CHURCH OF KENTUCKY
1125 RED MILE RDLEXINGTONKY40504GENERAL CHURCH PROGRAM$3,000
CHRISTMOUNT CHRISTIAN ASSEMBLY
222 FERN WAYBLACK MOUNTAINNC28711MINISTRIES OPERATION$1,000
LEXINGTON THEOLOGICAL SEMINARY
631 SOUTH LIMESTONELEXINGTONKY40508GENERAL SEMINARY PROGRAM$20,000
ST JUDE CHILDRENS RESEARCH
262 DANNY THOMAS PLACEMEMPHISTN38105GENERAL OPERATION$1,000
FieldValueIRS element (for citing)
Tot Grant Or Contri Paid During Year30000TotGrantOrContriPaidDuringYear
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$67,517ExclusionAmount

Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry

FieldValueIRS element (for citing)
Exclusion Code18ExclusionCode
Exclusion-$19,630ExclusionAmount

Subtotals Part XVIA SubtotalsPartXVIA

FieldValueIRS element (for citing)
Unrelated Business Income$0UnrelatedBusinessIncomeAmount
Exclusion$47,887ExclusionAmount
Related Or Exempt Function Income0RelatedOrExemptFunctionIncome
FieldValueIRS element (for citing)
Total Part XVIA47887TotalPartXVIA

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

FieldValueIRS element (for citing)
Contributor Number1ContributorNumber
Contributor Name IndividualEB JOANNE LOWMANContributorNameIndividual

Contributor Address US ContributorAddressUS

FieldValueIRS element (for citing)
Address Line13500 LOWMAN DRAddressLine1
CityASHLANDCity
StateKYState
ZIP Code41102ZIPCode
FieldValueIRS element (for citing)
Aggregate Contributions35497AggregateContributions
Noncash Contribution TypeXNoncashContributionType

Noncash Property NoncashProperty

FieldValueIRS element (for citing)
Contributor Number From Part I1ContributorNumberFromPartI
Noncash Property DescriptionMARKETABLE SECURITIESNoncashPropertyDescription
Fair Market Value35497FairMarketValue
Date Received2010-12-01DateReceived

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees AccountingFees

FieldValueIRS element (for citing)
CategoryPROFESSIONAL FEESCategory
Amount$2,635Amount
Net Investment Income0NetInvestmentIncome
Disbursements Charitable Prps0DisbursementsCharitablePrps

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corp Stock InvestmentsCorpStock

FieldValueIRS element (for citing)
Name Of StockCORPORATE STOCKSNameOfStock
EOY Book Value1184556EOYBookValue
EOYFMV1416834EOYFMV

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOther

FieldValueIRS element (for citing)
Category Or ItemMUTUAL FUNDSCategoryOrItem
Listed At Cost Or FMVFMVListedAtCostOrFMV
Book Value41360BookValue
EOYFMV17760EOYFMV

Other Assets Schedule OtherAssetsSchedule

Other Assets OtherAssets

FieldValueIRS element (for citing)
DescriptionEXCISE TAX ESTIMATE PAYMENTDescription
EOY Book Value1560EOYBookValue
EOYFMV1560EOYFMV

Taxes Schedule TaxesSchedule

Taxes Taxes

FieldValueIRS element (for citing)
CategoryEXCISE TAXCategory
Amount$1,546Amount
Net Investment Income0NetInvestmentIncome
Disbursements Charitable Prps0DisbursementsCharitablePrps

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