LAMBERTVILLE HALL FOUNDATION INC: Form 990PF, tax year 2020
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- Organization
- LAMBERTVILLE HALL FOUNDATION INC (EIN 45-4035898)
- Tax period
- 2020-01-01 to 2020-12-31
- Filed
- 2022-09-20
- IRS object ID
- 202242639349100514
- Schema version
- 2020v4.2
- 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
- Form 990-PF
- Accounting Fees Schedule
- General Explanation Attachment
- Other Assets Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Liabilities Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2022-09-20T13:35:11-05:00 | ReturnTs |
| Tax Period End | 2020-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 223271712 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MERCADIEN PC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 7648 | AddressLine1Txt |
| City | PRINCETON | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 085437648 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2020-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 454035898 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LAMBERTVILLE HALL FOUNDATION INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | LAMB | BusinessNameControlTxt |
| Phone | 6094604630 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 55 BRIDGE STREET | AddressLine1Txt |
| City | LAMBERTVILLE | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 08530 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | SHERRI DAUGHERTY | PersonNm |
| Person Title | TRUSTEE/CO-CHAIR | PersonTitleTxt |
| Phone | 6094604630 | PhoneNum |
| Signature | 2022-09-20 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | SHERRI | PersonFirstNm |
| Person Last | DAUGHERTY | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | LOVEPREET BUTTAR CPA | PreparerPersonNm |
| PTIN | P01329403 | PTIN |
| Phone | 6096899700 | PhoneNum |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2020 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $1,944,933 | FMVAssetsEOYAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $0 | ContriRcvdRevAndExpnssAmt |
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Interest On Sav Rev And Expnss | $44 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $44 | InterestOnSavNetInvstIncmAmt |
| Cap Gain Net Incm Net Invst Incm | $0 | CapGainNetIncmNetInvstIncmAmt |
| Net ST Capital Gain Adj Net Incm | $0 | NetSTCapitalGainAdjNetIncmAmt |
| Other Income Rev And Expnss | $51,612 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $0 | OtherIncomeNetInvstIncmAmt |
| Other Income Adj Net Incm | $51,612 | OtherIncomeAdjNetIncmAmt |
| Total Rev And Expnss | $51,656 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $44 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $51,612 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Adj Net Incm | $0 | CompOfcrDirTrstAdjNetIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $0 | CompOfcrDirTrstDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $8,500 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $0 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $8,500 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $0 | AccountingFeesChrtblPrpsAmt |
| Taxes Rev And Expnss | $4,346 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $0 | TaxesNetInvstIncmAmt |
| Taxes Adj Net Incm | $4,346 | TaxesAdjNetIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Deprec And Dpltn Rev And Expnss | $52,703 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Net Invst Incm | $0 | DeprecAndDpltnNetInvstIncmAmt |
| Deprec And Dpltn Adj Net Incm | $0 | DeprecAndDpltnAdjNetIncmAmt |
| Other Expenses Rev And Expnss | $198,989 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $0 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Adj Net Incm | $38,766 | OtherExpensesAdjNetIncmAmt |
| Other Expenses Dsbrs Chrtbl | $0 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $264,538 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $0 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $51,612 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $0 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $0 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $0 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $264,538 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $0 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $51,612 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $0 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$212,882 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $44 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $23,990 | CashBOYAmt |
| Cash EOY | $6,480 | CashEOYAmt |
| Cash EOYFMV | $6,480 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $153,093 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $10,137 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $10,137 | SavAndTempCashInvstEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $2,281,566 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $357,431 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $1,976,838 | LandBOYAmt |
| Land EOY | $1,924,135 | LandEOYAmt |
| Land EOYFMV | $1,924,135 | LandEOYFMVAmt |
| Other Assets BOY | $3,894 | OtherAssetsBOYAmt |
| Other Assets EOY | $4,181 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $4,181 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $2,157,815 | TotalAssetsBOYAmt |
| Total Assets EOY | $1,944,933 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $1,944,933 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $30 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $30 | AccountsPayableEOYAmt |
| Other Liabilities BOY | $900 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $900 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $930 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $930 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | $2,156,885 | NoDonorRstrNetAssestsBOYAmt |
| No Donor Rstr Net Assests EOY | $1,944,003 | NoDonorRstrNetAssestsEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $2,156,885 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $1,944,003 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $2,157,815 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $1,944,933 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $2,156,885 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$212,882 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $1,944,003 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $1,944,003 | TotNetAstOrFundBalancesEOYAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $1 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $1 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $1 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $0 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $0 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $0 | EsPenaltyAmt |
| Tax Due | $1 | TaxDueAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | NJ | OrgReportOrRegisterStateCd |
| Org Report Or Register State | DE | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | Yes (1) | PrivateOperatingFoundationInd |
| New Substantial Contributors | 0 | NewSubstantialContributorsInd |
| Own Controlled Entity | Yes (1) | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | LAMBERTVILLEMUSICALHALL.ORG | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JAMIE DELACRUZ | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 6094604630 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 12 W MECHANIC STREET UNIT 2A | AddressLine1Txt |
| City | NEW HOPE | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 18938 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | 0 | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | 0 | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | 0 | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | 0 | BusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Transactions Fail To Qlfy As Exc | 0 | TransactionsFailToQlfyAsExcInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| KEVIN DAUGHERTY | ||||||||
| 55 BRIDGE STREET | LAMBERTVILLE | NJ | 08530 | TRUSTEE/ CO-CHAIR/ TREASURER | 2.00 | $0 | $0 | $0 |
| SHERRI DAUGHERTY | ||||||||
| 55 BRIDGE STREET | LAMBERTVILLE | NJ | 08530 | TRUSTEE/ CO-CHAIR/ SECRETARY | 2.00 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | DEDICATED TO PROVIDING AFFORDABLE PROGRAMS AND SERVICES, COMMUNITY CENTERED THEATRICAL AND MUSICAL ENTERTAINMENT FOR RESIDENTS AND VISITORS OF LAMBERTVILLE, NEW JERSEY AND ITS SURROUNDING COMMUNITIES. | Description1Txt |
| Expenses1 | $0 | Expenses1Amt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $0 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $36,684 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $36,684 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $36,684 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $550 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $36,134 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $1,807 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sect4942j3j5 Fndtn And Frgn Org | Yes (X) | Sect4942j3j5FndtnAndFrgnOrgInd |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $0 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $0 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $0 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $0 | AdjustedQualifyingDistriAmt |
Private Operating Foundations PrivateOperatingFoundationsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Fndtn Ruling | 2014-07-17 | PrivateOperatingFndtnRulingDt |
| Section4942j3 | Yes (X) | Section4942j3Ind |
Lessor Adj Net Incm Min Invst Ret LessorAdjNetIncmMinInvstRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $0 | CurrentYearAmt |
| Year1 | $0 | Year1Amt |
| Year2 | $0 | Year2Amt |
| Year3 | $0 | Year3Amt |
| Total | $0 | TotalAmt |
Pct85 Lessor Adj Incm Or Min Ret Pct85LessorAdjIncmOrMinRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $0 | CurrentYearAmt |
| Year1 | $0 | Year1Amt |
| Year2 | $0 | Year2Amt |
| Year3 | $0 | Year3Amt |
| Total | $0 | TotalAmt |
Qualifying Distributions QualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $0 | CurrentYearAmt |
| Year1 | $0 | Year1Amt |
| Year2 | $368 | Year2Amt |
| Year3 | $700 | Year3Amt |
| Total | $1,068 | TotalAmt |
Qualifying Distri Not Used Drt QualifyingDistriNotUsedDrtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $0 | CurrentYearAmt |
| Year1 | $0 | Year1Amt |
| Year2 | $0 | Year2Amt |
| Year3 | $0 | Year3Amt |
| Total | $0 | TotalAmt |
Qualifying Distri Made Drt QualifyingDistriMadeDrtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $0 | CurrentYearAmt |
| Year1 | $0 | Year1Amt |
| Year2 | $368 | Year2Amt |
| Year3 | $700 | Year3Amt |
| Total | $1,068 | TotalAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $1,944,933 | CurrentYearAmt |
| Year1 | $2,157,815 | Year1Amt |
| Year2 | $2,210,383 | Year2Amt |
| Year3 | $2,262,974 | Year3Amt |
| Total | $8,576,105 | TotalAmt |
Total Assets Sect4942j3 Bi TotalAssetsSect4942j3BiGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $1,944,933 | CurrentYearAmt |
| Year1 | $2,157,815 | Year1Amt |
| Year2 | $2,210,383 | Year2Amt |
| Year3 | $2,262,974 | Year3Amt |
| Total | $8,576,105 | TotalAmt |
Two Thirds Minimum Invst Ret TwoThirdsMinimumInvstRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Total Support TotalSupportGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Public Support Type PublicSupportType
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Largest Support From EO LargestSupportFromEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Gross Investment Income GrossInvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | KEVIN DAUGHERTY | ContributingManagerNm |
| Contributing Manager | SHERRI DAUGHERTY | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
| Total Grant Or Contri Pd Dur Yr | $0 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $44 | ExclusionAmt |
Other Revenue Described OtherRevenueDescribedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | REIMBURSEMENT OF EXPENSES | Desc |
| Related Or Exempt Function Incm | $51,612 | RelatedOrExemptFunctionIncmAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $44 | ExclusionAmt |
| Related Or Exempt Function Incm | $51,612 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $51,656 | TotalIncomeProducingActyAmt |
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp (7 entries)
| Line NumberLineNumberTxt | Relationship StatementRelationshipStatementTxt |
|---|---|
| 11 | IN 2020, LAMBERTVILLE HALL FOUNDATION (LHF) WAS NOT INDEPENDENTLY |
| 11 | OPERATIONAL. THE FACILITY WAS USED BY THE BUCKS COUNTY PLAYHOUSE |
| 11 | THEATRE (BCPT) FOR REHEARSAL AND EDUCATIONAL PROGRAMMING. ACCORDINGLY, |
| 11 | BCPT REIMBURSED THE OPERATIONAL EXPENSES IN LIEU OF PAYING A RENTAL OR |
| 11 | SIMILAR FEE. REIMBURSEMENT USED TO OFFSET EXPENSES SO EXPENDITURE |
| 11 | RESPONSIBILITY BY BRIDGE STREET FOUNDATION CAN BE MAINTAINED BETWEEN |
| 11 | THE TWO SISTER OPERATING FOUNDATIONS (LHF AND BCPT). |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | 0 | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | 0 | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | 0 | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | 0 | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | 0 | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | 0 | RelationshipsNonchrtblEOInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING | CategoryTxt |
| Amt | $8,500 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $8,500 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
General Explanation Attachment GeneralExplanationAttachment
General Explanation GeneralExplanationGrp (2 entries)
| IdentifierIdentifierTxt | Form And Line ReferenceFormAndLineReferenceDesc | Medium ExplanationMediumExplanationTxt |
|---|---|---|
| CONTROLLED ENTITIES | FORM 990-PF, PAGE 5, PART VII-A, LINE 11 | NAME OF THE CONTROLLER ENTITY: LAMBERTVILLE HALL LLCEIN NUMBER: 36-4711845ADDRESS: 55 BRIDGE STREET, LAMBERTVILLE, NJ 08530EXCESS BUSINESS HOLDING: NO |
| IRS NOTICE | REFERENCE #: 0422897271LTR 2697CWE ARE WRITING TO YOU REGARDING THE NOTICE REFERENCED ABOVE WHERE THE 990-PF FOR THE YEAR ENDED DECEMBER 31, 2020 WAS NOT ACCEPTED BECAUSE IT WAS FILED IN PAPER. THE DECEMBER 31, 2020 RETURN WAS DUE NOVEMBER 15, 2021. THERE WAS AN ATTEMPT TO E-FILE THE 2020 RETURN ON NOVEMBER 11, 2021. SUBSEQUENT TO THIS DATE, THERE WERE PHONES CALLS WITH AN IRS AGENT TO ATTEMPT TO E-FILE THIS RETURN. IN ORDER TO ATTEMPT TO FILE TIMELY, THE RETURN WAS PAPER-FILED. DURING THE 2021 RETURN PREPARATION, WE IDENTIFIED AND CHANGED THE FORM 990-PF, PART VI, LINE 1A TO BE CONSISTENT WITH WHAT THE IRS HAD IN THEIR RECORDS. ONCE THIS CHANGED WAS MADE, THE 2021 RETURN WAS E-FILED AND ACCEPTED. THE SAME BOX HAS BEEN FIXED ON THE 2020 RETURN TO ALLOW THIS RETURN TO BE E-FILED. BASED ON THESE FACTS, WE BELIEVE THE FORM 990 WAS FILED BEFORE ITS DUE DATE HOWEVER DUE TO THE ISSUES MENTIONED ABOVE, THE E-FILE WAS NOT PROCESSED. BASED ON THE ABOVE FACTS, THE RETURN WAS FILED AND SUBMITTED TO THE IRS. ACCORDINGLY, WE BELIEVE THAT WE QUALIFY FOR ABATEMENT OF ANY PENALTIES UNDER THE REASONABLE CAUSE STATUTES. WE RESPECTFULLY REQUEST ABATEMENT OF ANY ASSESSED PENALTIES. STATEMENTS OF LAWPROVISIONS EXIST REGARDING WAIVER OF PENALTIES, NAMELY, WAIVING THE PENALTY FOR A FAILURE RELATING TO REASONABLE CAUSE WHICH IS NOT DUE TO WILLFUL NEGLECT.UNDER THIS STANDARD, THE PENALTY IS WAIVED FOR REASONABLE CAUSE ONLY IF THE FILER ESTABLISHES THAT EITHER:I. THE FILER EXERCISED REASONABLE CARE, WHICH IS THAT STANDARD OF CARE THAT A REASONABLY PRUDENT PERSON WOULD USE UNDER THE CIRCUMSTANCES IN THE COURSE OF ITS BUSINESS IN DETERMINING ITS FILING OBLIGATIONS AND IN HANDLING ACCOUNT INFORMATION SUCH AS ACCOUNT NUMBERS AND BALANCES, ANDII. THAT THE FILER UNDERTOOK SIGNIFICANT STEPS TO AVOID OR MITIGATE THE FAILURE.MOREOVER, THE FILER MUST ESTABLISH THAT THE FILER ACTED IN A RESPONSIBLE MANNER, BOTH BEFORE AND AFTER THE FAILURE OCCURRED. ACTING IN A RESPONSIBLE MANNER MEANS:A. REQUESTING APPROPRIATE EXTENSIONS OF TIME TO FILE, WHEN PRACTICABLE, IN ORDER TO AVOID THE FAILURE, (IT WAS UNDERSTOOD THAT THE APPROPRIATE EXTENSIONS HAD BEEN FILED IN A TIMELY MANNER PER ABOVE)B. ATTEMPTING TO PREVENT AN IMPEDIMENT OR A FAILURE, IF IT WAS FORESEEABLE,C. ACTING TO REMOVE AN IMPEDIMENT OR THE CAUSE OF A FAILURE, ONCE IT OCCURRED, ANDD. RECTIFYING THE FAILURE AS PROMPTLY AS POSSIBLE ONCE THE IMPEDIMENT WAS REMOVED OR THE FAILURE WAS DISCOVERED.BOTH THE ORGANIZATION AND THE PROFESSIONAL TAX ADVISOR EXERCISED DUE DILIGENCE IN MAKING SURE THE RETURN WAS FILED BEFORE THE EXTENDED DUE DATE. IN ADDITION, A HISTORY OF COMPLIANCE WITH THE TAX LAWS OF THE UNITED STATES REGARDING THE FILING OF THE ORGANIZATION'S FORM 990. THE FOUNDATION HAS FILED ITS PRIOR FORMS 990 ON A TIMELY BASIS.CONCLUSIONWE REQUEST CONSIDERATION FOR ABATEMENT OF ALL PROPOSED PENALTIES FOR THE ABOVE NAMED TAXPAYER IN THIS REQUEST FOR ABATEMENT FOR THE FOLLOWING REASONS:1. ALL ACTIONS TAKEN BY THE ORGANIZATION ARE REPRESENTATIVE OF GOOD FAITH AND DUE DILIGENCE IN COMPLYING WITH THE INCOME TAX LAWS OF THE UNITED STATES OF AMERICA. TAX COMPLIANCE BURDENS PLACED ON NON-PROFIT ORGANIZATIONS ARE SUCH THAT IT IS AN ORDINARY COURSE TO HIRE PROFESSIONAL TAX ADVISORS TO ENSURE COMPLIANCE WITH THE TAX LAWS.2. THERE WAS NO INJURY TO ANY PARTY INVOLVED WITH THE FILING OF THE RETURNS AND EXTENSION FORMS. THE RETURN WAS FILED TIMELY BASED ON THE EXTENDED DUE DATE. 3. THE TAXPAYER HAS A HISTORY OF COMPLIANCE WITH THE TAX LAWS OF THE UNITED STATES OF AMERICA.PLEASE ACCEPT THIS EXPLANATION, AS REQUESTED IN THE NOTICE REFERENCED ABOVE, ALONG WITH THE FILING OF THE 2020 RETURN. |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp (2 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| OTHER INTANGIBLE | $1,344 | $1,121 | $1,121 |
| DUE FROM AFFILIATE | $2,550 | $3,060 | $3,060 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (8 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| SECURITY | $1,036 | $0 | $1,036 | $0 |
| INSURANCE | $30,700 | $0 | $30,700 | $0 |
| TECHNOLOGY | $1,425 | $0 | $1,425 | $0 |
| REPAIRS AND MAINTENANCE | $1,398 | $0 | $1,398 | $0 |
| UTILITIES | $3,884 | $0 | $3,884 | $0 |
| LICENSE FEES | $323 | $0 | $323 | $0 |
| RETURN OF UNSPENT GRANT FUNDS | $160,000 | $0 | $0 | $0 |
| AMORTIZATION | $223 | $0 | $0 | $0 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | REIMBURSEMENT OF EXPENSES | Desc |
| Revenue And Expenses Per Books | $51,612 | RevenueAndExpensesPerBooksAmt |
| Adjusted Net Income | $51,612 | AdjustedNetIncomeAmt |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | DUE TO BSF | Desc |
| BOY Book Value | $900 | BOYBookValueAmt |
| EOY Book Value | $900 | EOYBookValueAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | PROPERTY TAXES | CategoryTxt |
| Amt | $4,346 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $4,346 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |