JOHN E AND MARGARET L LANE FOUNDATION: Form 990PF, tax year 2015
View the entire original 990 at ProPublica ↗
- Organization
- JOHN E AND MARGARET L LANE FOUNDATION (EIN 31-1531619)
- Tax period
- 2015-01-01 to 2015-12-31
- Filed
- 2016-06-13
- IRS object ID
- 201611659349100711
- Schema version
- 2015v2.1
- 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
- Schedule B
- Accounting Fees Schedule
- Depreciation Schedule
- Investments Corp Stock Schedule
- Investments Govt Obligations Sch
- Land Etc Schedule2
- Other Assets Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2016-06-13T12:29:10-05:00 | ReturnTs |
| Tax Period End | 2015-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | STOCKMAN KAST RYAN & CO LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 102 N CASCADE AVENUE SUITE 400 | AddressLine1Txt |
| City | COLORADO SPRINGS | CityNm |
| State Abbreviation | CO | StateAbbreviationCd |
| ZIP | 80903 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2015-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 311531619 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE JOHN E AND MARGARET L LANE FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % THE FOUNDATION | InCareOfNm |
| Business Name Control | JOHN | BusinessNameControlTxt |
| Phone | 7196345566 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 13 S TEJON SUITE 200 | AddressLine1Txt |
| City | COLORADO SPRINGS | CityNm |
| State Abbreviation | CO | StateAbbreviationCd |
| ZIP | 80903 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | PHIL LANE | PersonNm |
| Person Title | Secretary Treasurer | PersonTitleTxt |
| Phone | 7193280808 | PhoneNum |
| Signature | 2016-05-16 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | ERIC T RYAN | PreparerPersonNm |
| PTIN | P00024152 | PTIN |
| Phone | 7193280808 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2015 | TaxYr |
| Build TS | 2016-09-27 15:27:22Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $9,920,380 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $422,799 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $18 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $18 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $280,736 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $280,736 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $314,285 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $2,121,471 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $314,285 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $10 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $10 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $1,017,848 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $595,049 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $180,832 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $180,832 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $19,785 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $0 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $19,785 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $66,675 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $64,700 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $1,975 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $21,482 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $6,072 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $13,730 | TaxesDsbrsChrtblAmt |
| Deprec And Dpltn Rev And Expnss | $571 | DeprecAndDpltnRevAndExpnssAmt |
| Other Expenses Rev And Expnss | $16,767 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Dsbrs Chrtbl | $16,767 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $306,112 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $70,772 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $233,089 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $845,000 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $845,000 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $1,151,112 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $70,772 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $1,078,089 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$133,264 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $524,277 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $865,100 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $354,395 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $354,395 | SavAndTempCashInvstEOYFMVAmt |
| US Government Obligations BOY | $2,199,361 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $2,277,567 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $2,236,767 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $5,093,015 | CorporateStockBOYAmt |
| Corporate Stock EOY | $5,391,728 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $7,326,603 | CorporateStockEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $2,853 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $571 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $0 | LandBOYAmt |
| Land EOY | $2,282 | LandEOYAmt |
| Other Assets BOY | $0 | OtherAssetsBOYAmt |
| Other Assets EOY | $2,615 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $2,615 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $8,157,476 | TotalAssetsBOYAmt |
| Total Assets EOY | $8,028,587 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $9,920,380 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $0 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $4,375 | AccountsPayableEOYAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $4,375 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
| Retained Earning BOY | $8,157,476 | RetainedEarningBOYAmt |
| Retained Earning EOY | $8,024,212 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $8,157,476 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $8,024,212 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $8,157,476 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $8,028,587 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $8,157,476 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$133,264 | ExcessRevenueOverExpensesAmt |
| Subtotal | $8,024,212 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $8,024,212 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)
| PropertyPropertyDesc | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|
| PUBLICALLY TRADED SECURITIES | $476,731 | $483,065 | -$6,334 | -$6,334 |
| PUBLICALLY TRADED SECURITIES | $1,644,740 | $1,324,121 | $320,619 | $320,619 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $314,285 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | false | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $1,482,528 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $10,843,228 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.136724 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $1,784,688 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $11,122,010 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.160465 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $1,350,339 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $10,155,266 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.132969 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $659,453 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $11,979,726 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.055047 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $704,037 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $11,087,040 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.063501 | DistributionYr5Rt |
| Total Distribution | 0.548706 | TotalDistributionRt |
| Average Distribution | 0.109741 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $10,324,259 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $1,132,995 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $5,243 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $1,138,238 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $1,078,089 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $10,486 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $10,486 | SubtotalAmt |
| Tax Based On Investment Income | $10,486 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $7,000 | EstimatedPlusOvpmtIncmTxAmt |
| Applied To Es Tax | $9,000 | AppliedToEsTaxAmt |
| Total Payments And Credits | $16,000 | TotalPaymentsAndCreditsAmt |
| Overpayment | $5,514 | OverpaymentAmt |
| Applied To ES Tax | $5,514 | AppliedToESTaxAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | false | LegislativePoliticalActyInd |
| More Than100 Spent | false | MoreThan100SpentInd |
| Form1120 POL Filed | false | Form1120POLFiledInd |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | CO | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | false | PrivateOperatingFoundationInd |
| New Substantial Contributors | false | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 7196301186 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 102 N CASCADE AVENUE | AddressLine1Txt |
| City | COLORADO SPRINGS | CityNm |
| State Abbreviation | CO | StateAbbreviationCd |
| ZIP | 80903 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | false | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | false | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | false | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | false | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | false | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Business Holdings | false | BusinessHoldingsInd |
| Jeopardy Investments | false | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | false | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | false | InfluenceLegislationInd |
| Influence Election | false | InfluenceElectionInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 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 |
|---|---|---|---|---|---|---|---|---|
| MARGARET L LANE | ||||||||
| 13 S TEJON SUITE 200 | COLORADO SPRINGS | CO | 80903 | PRESIDENT | 1.0 | $0 | $0 | $0 |
| PHILIP R LANE | ||||||||
| 13 S TEJON SUITE 200 | COLORADO SPRINGS | CO | 80903 | Vice Pres./SECRETARY/TREASURER | 1.0 | $0 | $0 | $0 |
| David J Lane | ||||||||
| 13 S TEJON SUITE 200 | COLORADO SPRINGS | CO | 80903 | Asst Secretary/Asst Treasurer | 1.0 | $0 | $0 | $0 |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MORGAN STANLEY SMITH BARNEY LLC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 111 S Tejon Street Ste 500 | AddressLine1Txt |
| City | COLORADO SPRINGS | CityNm |
| State Abbreviation | CO | StateAbbreviationCd |
| ZIP | 80903 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Service Type | INVESTMENT ADVISOR | ServiceTypeTxt |
| Compensation | $64,700 | CompensationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Summary Of Direct Chrtbl Acty | SummaryOfDirectChrtblActyGrp | |
| Sum Of Program Related Invst | SumOfProgramRelatedInvstGrp |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $9,958,878 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $522,603 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $10,481,481 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $10,481,481 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $157,222 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $10,324,259 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $516,213 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $516,213 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $10,486 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $10,486 | TotalTaxAmt |
| Distributable Before Adj | $505,727 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $505,727 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $505,727 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $1,078,089 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Charitable Assets Acquis Paid | $0 | CharitableAssetsAcquisPaidAmt |
| Set Aside Suitability Test | $0 | SetAsideSuitabilityTestAmt |
| Set Aside Cash Distri Test | $0 | SetAsideCashDistriTestAmt |
| Qualifying Distributions | $1,078,089 | QualifyingDistributionsAmt |
| Adjusted Qualifying Distri | $1,078,089 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $505,727 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Prior Year1 | 2013 | PriorYear1Yr |
| Prior Year2 | 2012 | PriorYear2Yr |
| Prior Year3 | 2011 | PriorYear3Yr |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr5 | $115,779 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $67,723 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $817,318 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $1,253,197 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $954,367 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $3,208,384 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $1,078,089 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Current Year | $505,727 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $572,362 | RemainingDistriFromCorpusAmt |
| Total Corpus | $3,780,746 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov From Yr5 | $115,779 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $3,664,967 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $67,723 | ExcessFromYear4Amt |
| Excess From Year3 | $817,318 | ExcessFromYear3Amt |
| Excess From Year2 | $1,253,197 | ExcessFromYear2Amt |
| Excess From Year1 | $954,367 | ExcessFromYear1Amt |
| Excess From Current Year | $572,362 | ExcessFromCurrentYearAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Foundations | PrivateOperatingFoundationsGrp |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | MARGARET L LANE | ContributingManagerNm |
| Shareholder Manager | NONE | ShareholderManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (7 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| CU FOUNDATION | |||||||
| 4740 WALNUT STREET | BOULDER | CO | 80301 | NONE | PC | Med School Scholarships | $100,000 |
| Colorado Springs Fine Art Center | |||||||
| 30 WEST DALE STREET | COLORADO SPRINGS | CO | 80903 | NONE | PC | Georgia O'Keefe Exhibit | $100,000 |
| PIKES PEAK HOPSICE | |||||||
| 2550 TENDERFOOT HILL STREET | COLORADO SPRINGS | CO | 80906 | NONE | PC | GENERAL FUND | $20,000 |
| PEAK VISTA COMMUNITY HEALTH CTRS FOUNDATION | |||||||
| 3205 NORTH ACADEMY BLVD SUITE 130 | COLORADO SPRINGS | CO | 80917 | NONE | PC | BJ Scott Endowment Fund | $250,000 |
| Springs Rescue Mission | |||||||
| 5 W Las Vegas St | Colorado Springs | CO | 80903 | NONE | PC | GENERAL FUND | $25,000 |
| US OLYMPIC MUSEUM | |||||||
| PO BOX 681 | COLORADO SPRINGS | CO | 80901 | NONE | PC | GENERAL FUNDS | $250,000 |
| University of Colorado Colorado Springs | |||||||
| 1420 Austin Bluffs Pkwy | Colorado Springs | CO | 80918 | none | PC | Visual and Performing Arts | $100,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $845,000 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fees Contracts From Govt Ag | FeesContractsFromGovtAgGrp | |
| Membership Dues And Assmnt | MembershipDuesAndAssmntGrp |
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $18 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $280,736 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Rntl Incm Re Debt Fincd Prop | NetRntlIncmReDebtFincdPropGrp | |
| Net Rntl Incm Re Not Debt Fincd Prop | NetRntlIncmReNotDebtFincdProp | |
| Net Rental Income Personal Prop | NetRentalIncomePersonalPropGrp | |
| Other Investment Incm Part VII | OtherInvestmentIncmPartVIIGrp |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $314,285 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Income Loss From Special Evt | NetIncomeLossFromSpecialEvtGrp | |
| Gross Profit Loss Sls Of Invntry | GrossProfitLossSlsOfInvntryGrp |
Other Revenue Described OtherRevenueDescribedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | REFUND RELATED TO INVESTMENT INCOME | Desc |
| Exclusion | 14 | ExclusionCd |
| Exclusion | $10 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $595,049 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $595,049 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | false | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | false | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | false | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | false | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | false | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | false | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | false | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | false | RelationshipsNonchrtblEOInd |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp (4 entries)
| ContributorContributorNum | Address Line1ContributorUSAddress/AddressLine1Txt | CityContributorUSAddress/CityNm | State AbbreviationContributorUSAddress/StateAbbreviationCd | ZIPContributorUSAddress/ZIPCd | Total ContributionsTotalContributionsAmt | Person ContributionPersonContributionInd |
|---|---|---|---|---|---|---|
| MARGARET L LANE CHARITABLE LEAD UN | ||||||
| 1 | 1290 MESA AVE | COLORADO SPRINGS | CO | 80906 | $102,615 | Yes (X) |
| Margaret Lane | ||||||
| 2 | 13 S Tejon St STE 200 | Colorado Springs | CO | 80903 | $200,000 | Yes (X) |
| Phil Lane | ||||||
| 3 | 1290 Mesa Ave | Colorado Springs | CO | 80906 | $100,000 | Yes (X) |
| Kathy Loo | ||||||
| 4 | 19 NORTHGATE ROAD | Colorado Springs | CO | 80906 | $20,184 | Yes (X) |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING FEES | CategoryTxt |
| Amt | $19,785 | Amt |
| Disbursements Charitable Prps | $19,785 | DisbursementsCharitablePrpsAmt |
Depreciation Schedule DepreciationSchedule
Depreciation Property DepreciationPropertyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Property | 2 LAPTOPS | PropertyDesc |
| Acquired | 2015-08-28 | AcquiredDt |
| Cost Or Other Basis | $2,853 | CostOrOtherBasisAmt |
| Computation Method | M5 | ComputationMethodTxt |
| Current Year Expense | $571 | CurrentYearExpenseAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (3 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| MUTUAL FUNDS | $1,445,220 | $1,419,953 |
| ETF'S & CLOSED-END FUNDS | $1,618,401 | $3,311,711 |
| CORPORATE STOCKS | $2,328,107 | $2,594,939 |
Investments Govt Obligations Sch InvestmentsGovtObligationsSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| US Govt Obligations Book Vl EOY | $2,277,567 | USGovtObligationsBookVlEOYAmt |
| US Govt Obligations EOYFMV | $2,236,767 | USGovtObligationsEOYFMVAmt |
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category Or Item | 2 LAPTOPS | CategoryOrItemTxt |
| Cost Or Other Basis | $2,853 | CostOrOtherBasisAmt |
| Accumulated Depreciation | $571 | AccumulatedDepreciationAmt |
| Book Value | $2,282 | BookValueAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | FUNDS IN TRANSIT | Desc |
| BOY Book Value | $0 | BOYBookValueAmt |
| EOY Book Value | $2,615 | EOYBookValueAmt |
| EOYFMV | $2,615 | EOYFMVAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (5 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|
| EMPLOYEE BENEFITS | $6,869 | $6,869 |
| PAYROLL FEES | $331 | $331 |
| TRAVEL | $3,047 | $3,047 |
| OFFICE EXPENSES | $5,602 | $5,602 |
| MEALS & ENTERTAINMENT | $918 | $918 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | REFUND RELATED TO INVESTMENT INCOME | Desc |
| Revenue And Expenses Per Books | $10 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | $10 | NetInvestmentIncomeAmt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| INVESTMENT FEES | $64,700 | $64,700 | |
| ENGINEERING | $1,975 | $1,975 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| FOREIGN TAXES | $6,072 | $6,072 | |
| U.S. TREASURY | $1,680 | ||
| PAYROLL TAXES | $13,730 | $13,730 |