FURP.ORG / PUBLIC DATA EXPLORER

LANDERS BOWLES FAMILY FOUNDATION: Form 990PF, tax year 2010

View the entire original 990 at ProPublica ↗

Organization
LANDERS BOWLES FAMILY FOUNDATION (EIN 26-2000404)
Tax period
2010-01-01 to 2010-12-31
Filed
2011-08-05
IRS object ID
201112239349100761
Schema version
2010v3.4
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)
Timestamp2011-08-05T16:39:21-00:00Timestamp
Tax Period End Date2010-12-31TaxPeriodEndDate

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 Date2010-01-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN262000404EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1Landers Bowles Family FoundationBusinessNameLine1
FieldValueIRS element (for citing)
Name ControlLANDNameControl
Phone8008391754Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line1c/o Foundation Source 501 SilversidAddressLine1
CityWilmingtonCity
StateDEState
ZIP Code198091377ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameBarbara L BowlesName
TitlePresidentTitle
Date Signed2011-08-05DateSigned
Authorize Third PartyfalseAuthorizeThirdParty

Preparer Preparer

FieldValueIRS element (for citing)
NameJeffrey D HaskellName
Phone8008391754Phone
Date Prepared2011-08-05DatePrepared
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 EOY172118FMVAssetsEOY
Method Of Accounting CashXMethodOfAccountingCash

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Received Rev And Expnss230094ContriReceivedRevAndExpnss
Interest On Savings Rev And Expnss4InterestOnSavingsRevAndExpnss
Interest On Savings Net Invst Incm4InterestOnSavingsNetInvstIncm
Dividends Rev And Expnss334DividendsRevAndExpnss
Dividends Net Invst Incm334DividendsNetInvstIncm
Net Gain Sale Assets Rev And Expnss1209NetGainSaleAssetsRevAndExpnss
Gross Sales Price97443GrossSalesPrice
Capital Gain Net Incm Net Invst Incm66302CapitalGainNetIncmNetInvstIncm
Total Revenue And Expenses231641TotalRevenueAndExpenses
Total Net Investment Income66640TotalNetInvestmentIncome
Taxes Rev And Expnss54TaxesRevAndExpnss
Other Expenses Rev And Expnss4841OtherExpensesRevAndExpnss
Other Expenses Dsbrs Chrtbl Prps4841OtherExpensesDsbrsChrtblPrps
Tot Opr Expenses Rev And Expnss4895TotOprExpensesRevAndExpnss
Tot Opr Expenses Net Invst Incm0TotOprExpensesNetInvstIncm
Tot Opr Expenses Dsbrs Chrtbl Prps4841TotOprExpensesDsbrsChrtblPrps
Contri Gifts Paid Rev And Expnss87500ContriGiftsPaidRevAndExpnss
Contri Gifts Paid Dsbrs Chrtbl Prps87500ContriGiftsPaidDsbrsChrtblPrps
Total Expenses Rev And Expnss92395TotalExpensesRevAndExpnss
Total Expenses Net Invst Incm0TotalExpensesNetInvstIncm
Total Expenses Dsbrs Chrtbl Prps92341TotalExpensesDsbrsChrtblPrps
Excess Of Revenue Over Expenses139246ExcessOfRevenueOverExpenses
Net Investment Income66640NetInvestmentIncome

Balance Sheets BalanceSheets

FieldValueIRS element (for citing)
Savings And Temp Cash Invst BOY24498SavingsAndTempCashInvstBOY
Savings And Temp Cash Invst EOY152436SavingsAndTempCashInvstEOY
Savings And Temp Cash Invst EOYFMV152436SavingsAndTempCashInvstEOYFMV
Investments Corp Stock BOY6497InvestmentsCorpStockBOY
Investments Corp Stock EOY17805InvestmentsCorpStockEOY
Investments Corp Stock EOYFMV19682InvestmentsCorpStockEOYFMV
Total Assets BOY30995TotalAssetsBOY
Total Assets EOY170241TotalAssetsEOY
Total Assets EOYFMV172118TotalAssetsEOYFMV
Total Liabilities EOY0TotalLiabilitiesEOY
Org That Do Not Follow SFAS117XOrgThatDoNotFollowSFAS117
Retained Earnings BOY30995RetainedEarningsBOY
Retained Earnings EOY170241RetainedEarningsEOY
Total Net Assets BOY30995TotalNetAssetsBOY
Total Net Assets EOY170241TotalNetAssetsEOY
Total Liabilities Net Assets BOY30995TotalLiabilitiesNetAssetsBOY
Total Liabilities Net Assets EOY170241TotalLiabilitiesNetAssetsEOY

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

FieldValueIRS element (for citing)
Total Net Assets Fund Balances BOY30995TotalNetAssetsFundBalancesBOY
Excess Of Revenue Over Expenses139246ExcessOfRevenueOverExpenses
Subtotal170241Subtotal
Total Net Assets Fund Balances EOY170241TotalNetAssetsFundBalancesEOY

Capital Gains And Losses CapitalGainsAndLosses

Capital Gains And Losses Info CapitalGainsAndLossesInfo

FieldValueIRS element (for citing)
Description Of AssetPublicly-traded SecuritiesDescriptionOfAsset
Gross Sales Price97443GrossSalesPrice
Cost Or Other Basis31141CostOrOtherBasis
Gain Or Loss66302GainOrLoss
Gains Minus Excess Or Losses66302GainsMinusExcessOrLosses
FieldValueIRS element (for citing)
Capital Gain Net Income66302CapitalGainNetIncome

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

FieldValueIRS element (for citing)
Liable For4942 TaxfalseLiableFor4942Tax
Qualifying Distributions Year142797QualifyingDistributionsYear1
Noncharitable Assets Year143301NoncharitableAssetsYear1
Distribution Ratio Year1000.988361DistributionRatioYear1
Qualifying Distributions Year2116897QualifyingDistributionsYear2
Noncharitable Assets Year222351NoncharitableAssetsYear2
Distribution Ratio Year2005.230057DistributionRatioYear2
Total Distribution Ratio006.218418TotalDistributionRatio
Average Distribution Ratio003.109209AverageDistributionRatio
Net Noncharitable Assets80458NetNoncharitableAssets
Adjusted Noncharitable Assets250161AdjustedNoncharitableAssets
One Percent Net Investment Income666OnePercentNetInvestmentIncome
Adj Nonchrtbl Assets And One250827AdjNonchrtblAssetsAndOnePct
Qualifying Distributions92341QualifyingDistributions

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

FieldValueIRS element (for citing)
Investment Income Excise Tax1333InvestmentIncomeExciseTax
Subtotal1333Subtotal
Tax Based On Investment Income1333TaxBasedOnInvestmentIncome
Tax Paid With Extension1333TaxPaidWithExtension
Total Credits And Payments1333TotalCreditsAndPayments
Tax Paid Original Return1333TaxPaidOriginalReturn
Form2220 AttachedXForm2220Attached

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 EtctrueTerminationEtc
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

FieldValueIRS element (for citing)
Person NameBarbara L BowlesPersonName

US Address USAddress

FieldValueIRS element (for citing)
Address Line1c/o Foundation Source 501 SilversidAddressLine1
CityWilmingtonCity
StateDEState
ZIP Code19809ZIPCode
FieldValueIRS element (for citing)
TitlePresident / Director / SecretaryTitle
Avg Hours Per Wk Devoted To Position001.00AvgHoursPerWkDevotedToPosition
Compensation0Compensation
FieldValueIRS element (for citing)
Comp Of Highest Paid Empl NONENONECompOfHighestPaidEmplNONE

Minimum Investment Return MinimumInvestmentReturn

FieldValueIRS element (for citing)
Avg Monthly FMV Of Securities20548AvgMonthlyFMVOfSecurities
Avg Monthly Cash Balances61135AvgMonthlyCashBalances
FMV All Other Noncharitable Assets0FMVAllOtherNoncharitableAssets
Total FMV Of Unused Assets81683TotalFMVOfUnusedAssets
Adj Total FMV Of Unused Assets81683AdjTotalFMVOfUnusedAssets
Cash Deemed Charitable1225CashDeemedCharitable
Net Noncharitable Assets80458NetNoncharitableAssets
Minimum Investment Return4023MinimumInvestmentReturn

Distributable DistributableAmount

FieldValueIRS element (for citing)
Minimum Investment Return4023MinimumInvestmentReturn
Tax Based On Investment Income1333TaxBasedOnInvestmentIncome
Total Tax1333TotalTax
Distributable Amount Before Adj2690DistributableAmountBeforeAdj
Distributable Amount Before Ded2690DistributableAmountBeforeDed
Distributable Amount As Adjusted2690DistributableAmountAsAdjusted

Qualifying Distributions QualifyingDistributions

FieldValueIRS element (for citing)
Expenses And Contributions92341ExpensesAndContributions
Qualifying Distributions92341QualifyingDistributions
Adj Qualifying Distributions92341AdjQualifyingDistributions

Undistributed Income UndistributedIncome

FieldValueIRS element (for citing)
Distributable Amount As Adjusted2690DistributableAmountAsAdjusted
Excess Distri Carryover Year2115914ExcessDistriCarryoverYear2
Excess Distri Carryover Year140686ExcessDistriCarryoverYear1
Total Excess Distri Carryover156600TotalExcessDistriCarryover
Qualifying Distributions92341QualifyingDistributions
Applied To Current Year2690AppliedToCurrentYear
Remaining Distri From Corpus89651RemainingDistriFromCorpus
Total Corpus246251TotalCorpus
Undistributed Income CY0UndistributedIncomeCY
Excess Distri Cyov To Next Year246251ExcessDistriCyovToNextYear
Excess From Year2115914ExcessFromYear2
Excess From Year140686ExcessFromYear1
Excess From Current Year89651ExcessFromCurrentYear

Supplementary Information SupplementaryInformation

FieldValueIRS element (for citing)
Contributing ManagerBarbara L BowlesContributingManager
Only Contributes To PreselectedXOnlyContributesToPreselected

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (5 entries)

Address Line1RecipientUSAddress/AddressLine1CityRecipientUSAddress/CityStateRecipientUSAddress/StateZIP CodeRecipientUSAddress/ZIPCodeRecipient RelationshipRecipientRelationshipRecipient Foundation StatusRecipientFoundationStatusPurpose Of Grant Or ContributionPurposeOfGrantOrContributionAmountAmount
CHILDRENS MEMORIAL FOUNDATION
2300 CHILDRENS PLZ BOX 4CHICAGOIL60614N/A509(a)(1)General Unrestricted$10,000
FISK UNIVERSITY
1000 17TH AVE NNASHVILLETN37208N/A509(a)(1)General Unrestricted$40,000
FISK UNIVERSITY
1000 17TH AVE NNASHVILLETN37208N/A509(a)(1)Capital Campaign$25,000
MUSEUM OF SCIENCE AND INDUSTRY
57TH ST AND LAKE SHORE DRCHICAGOIL60637N/A509(a)(1)General Unrestricted$10,000
UNIV OF CHICAGO BOOTH SCHL OF BUSIN
5807 S WOODLAWN AVECHICAGOIL60637N/A509(a)(1)General Unrestricted$2,500
FieldValueIRS element (for citing)
Tot Grant Or Contri Paid During Year87500TotGrantOrContriPaidDuringYear

Analysis Income Producing Acty AnalysisIncomeProducingActy

Int On Savings And Temp Cash Invst IntOnSavingsAndTempCashInvst

FieldValueIRS element (for citing)
Exclusion Code14ExclusionCode
Exclusion$4ExclusionAmount

Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII

FieldValueIRS element (for citing)
Exclusion Code14ExclusionCode
Exclusion$334ExclusionAmount

Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry

FieldValueIRS element (for citing)
Exclusion Code18ExclusionCode
Exclusion$1,209ExclusionAmount

Subtotals Part XVIA SubtotalsPartXVIA

FieldValueIRS element (for citing)
Exclusion$1,547ExclusionAmount
FieldValueIRS element (for citing)
Total Part XVIA1547TotalPartXVIA

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

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFXOrganization501c3ExemptPF
General RuleXGeneralRule

Contributor Info ContributorInfo

FieldValueIRS element (for citing)
Contributor Number0001ContributorNumber
Contributor Name IndividualBowles Barbara LContributorNameIndividual

Contributor Address US ContributorAddressUS

FieldValueIRS element (for citing)
Address Line15015 South EllisAddressLine1
CityChicagoCity
StateILState
ZIP Code60615ZIPCode
FieldValueIRS element (for citing)
Aggregate Contributions230094AggregateContributions
Person Contribution TypeXPersonContributionType
Noncash Contribution TypeXNoncashContributionType

Noncash Property NoncashProperty

FieldValueIRS element (for citing)
Contributor Number From Part I0001ContributorNumberFromPartI
Noncash Property DescriptionSTANLEY BLACK & DECKER INCNoncashPropertyDescription
Fair Market Value85094FairMarketValue
Date Received2010-12-22DateReceived

General Explanation Attachment GeneralExplanationAttachment

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corp Stock InvestmentsCorpStock (5 entries)

Name Of StockNameOfStockEOY Book ValueEOYBookValueEOYFMVEOYFMV
150 shares of GENERAL ELECTRIC CO GE21042744
10 shares of GOOGLE INC CL A GOOG46905940
100 shares of JOHNSON JOHNSON JNJ66186184
100 shares of KRAFT FOODS INC KFT28863151
100 shares of YAHOO INC YHOO15071663

Liquidation Explanation Stmt LiquidationExplanationStmt

FieldValueIRS element (for citing)
StatementThis statement is submitted to report the distribution of certain assets during the above-referenced year. The distributions resulted in a substantial contraction of assets. The following information is submitted in accordance with Treasury Regulation Section 1.6043-3a1 and the Form 990-PF instructions During the taxable year ending December 31, 2010, Landers Bowles Family Foundation the Foundation made distributions from assets from sources other than current income. Collectively, the distributions in excess of current income totaled 87,500. This amount represents over 25 of the Foundations net assets of 31,164 as measured by fair market value at the beginning of the Foundations taxable year ending December 31, 2010. Although the Foundation technically experienced a substantial contraction, it will continue in existence and has no plans for dissolution. The Foundation made distributions of cash to the grantees listed in the attachment to Part XV, Line 3a each such grant was made solely for the charitable purpose specified therein.Statement

Other Expenses Schedule OtherExpensesSchedule

Other Expenses OtherExpenses (2 entries)

DescriptionDescriptionRevenue And Expenses Per BooksRevenueAndExpensesPerBooksDisbursements Charitable PrpsDisbursementsCharitablePrps
Administrative Fees48164816
State or Local Filing Fees2525

Taxes Schedule TaxesSchedule

Taxes Taxes

FieldValueIRS element (for citing)
CategoryExcise Tax for 2009Category
Amount$54Amount
Net Investment Income0NetInvestmentIncome
Adjusted Net Income0AdjustedNetIncome
Disbursements Charitable Prps0DisbursementsCharitablePrps