RICHARD AND SUSAN LEADEM FAMILY FOUNDATION INC: Form 990PF, tax year 2012

View the entire original 990 at ProPublica ↗

Organization: RICHARD AND SUSAN LEADEM FAMILY FOUNDATION INC (EIN 20-1811973)
Tax period: 2012-01-01 to 2012-12-31
Filed: 2013-05-07
IRS object ID: 201301279349100120
Schema version: 2012v2.1
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
Accounting Fees Schedule
Compensation Explanation
Investments Corp Stock Schedule
Other Decreases Schedule
Other Expenses Schedule
Taxes Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2013-05-07T10:14:25-05:00	Timestamp
Tax Period End Date	2012-12-31	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	BALDWIN & ASSOCIATES LLC	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	210 WINGO WAY STE 202	AddressLine1
City	MOUNT PLEASANT	City
State	SC	State
ZIP Code	294641819	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnType
Tax Period Begin Date	2012-01-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	201811973	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	RICHARD AND SUSAN LEADEM FAMILY FOU	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	RICH	NameControl
Phone	8437232109	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	22 LAMBOLL ST	AddressLine1
City	CHARLESTON	City
State	SC	State
ZIP Code	29401	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	RICHARD LEADEM	Name
Title	PRESIDENT	Title
Phone	8437232109	Phone
Date Signed	2013-03-27	DateSigned

Preparer Preparer

Field	Value	IRS element (for citing)
Name	ROBERT M BALDWIN CPAPFS	Name
Phone	8437220785	Phone
Date Prepared	2013-03-27	DatePrepared

Field	Value	IRS element (for citing)
Tax Year	2012	TaxYear
Build TS	2016-02-24 21:20:13Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Exempt PF	X	ExemptPF
FMV Assets EOY	347908	FMVAssetsEOY
Method Of Accounting Cash	X	MethodOfAccountingCash

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Not Required To Attach Schedule B	X	NotRequiredToAttachScheduleB
Interest On Savings Rev And Expnss	9	InterestOnSavingsRevAndExpnss
Interest On Savings Net Invst Incm	9	InterestOnSavingsNetInvstIncm
Dividends Rev And Expnss	5679	DividendsRevAndExpnss
Dividends Net Invst Incm	5679	DividendsNetInvstIncm
Net Gain Sale Assets Rev And Expnss	34347	NetGainSaleAssetsRevAndExpnss
Gross Sales Price	109077	GrossSalesPrice
Capital Gain Net Incm Net Invst Incm	52775	CapitalGainNetIncmNetInvstIncm
Total Revenue And Expenses	40035	TotalRevenueAndExpenses
Total Net Investment Income	58463	TotalNetInvestmentIncome
Accounting Fees Rev And Expnss	1025	AccountingFeesRevAndExpnss
Taxes Rev And Expnss	2472	TaxesRevAndExpnss
Tot Opr Expenses Rev And Expnss	3497	TotOprExpensesRevAndExpnss
Tot Opr Expenses Net Invst Incm	0	TotOprExpensesNetInvstIncm
Tot Opr Expenses Dsbrs Chrtbl Prps	0	TotOprExpensesDsbrsChrtblPrps
Contri Gifts Paid Rev And Expnss	99050	ContriGiftsPaidRevAndExpnss
Contri Gifts Paid Dsbrs Chrtbl Prps	99050	ContriGiftsPaidDsbrsChrtblPrps
Total Expenses Rev And Expnss	102547	TotalExpensesRevAndExpnss
Total Expenses Net Invst Incm	0	TotalExpensesNetInvstIncm
Total Expenses Dsbrs Chrtbl Prps	99050	TotalExpensesDsbrsChrtblPrps
Excess Of Revenue Over Expenses	-62512	ExcessOfRevenueOverExpenses
Net Investment Income	58463	NetInvestmentIncome

Balance Sheets BalanceSheets

Field	Value	IRS element (for citing)
Savings And Temp Cash Invst BOY	22365	SavingsAndTempCashInvstBOY
Savings And Temp Cash Invst EOY	34582	SavingsAndTempCashInvstEOY
Savings And Temp Cash Invst EOYFMV	34582	SavingsAndTempCashInvstEOYFMV
Investments Corp Stock BOY	247049	InvestmentsCorpStockBOY
Investments Corp Stock EOY	172319	InvestmentsCorpStockEOY
Investments Corp Stock EOYFMV	313326	InvestmentsCorpStockEOYFMV
Total Assets BOY	269414	TotalAssetsBOY
Total Assets EOY	206901	TotalAssetsEOY
Total Assets EOYFMV	347908	TotalAssetsEOYFMV
Total Liabilities EOY	0	TotalLiabilitiesEOY
Org That Follow SFAS117	X	OrgThatFollowSFAS117
Unrestricted BOY	269414	UnrestrictedBOY
Unrestricted EOY	206901	UnrestrictedEOY
Total Net Assets BOY	269414	TotalNetAssetsBOY
Total Net Assets EOY	206901	TotalNetAssetsEOY
Total Liabilities Net Assets BOY	269414	TotalLiabilitiesNetAssetsBOY
Total Liabilities Net Assets EOY	206901	TotalLiabilitiesNetAssetsEOY

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

Field	Value	IRS element (for citing)
Total Net Assets Fund Balances BOY	269414	TotalNetAssetsFundBalancesBOY
Excess Of Revenue Over Expenses	-62512	ExcessOfRevenueOverExpenses
Subtotal	206902	Subtotal
Other Decreases	1	OtherDecreases
Total Net Assets Fund Balances EOY	206901	TotalNetAssetsFundBalancesEOY

Capital Gains And Losses CapitalGainsAndLosses

Capital Gains And Losses Info CapitalGainsAndLossesInfo (2 entries)

Description Of AssetDescriptionOfAsset	How AcquiredHowAcquired	Date AcquiredDateAcquired	Date SoldDateSold	Gross Sales PriceGrossSalesPrice	Cost Or Other BasisCostOrOtherBasis	Gain Or LossGainOrLoss	Gains Minus Excess Or LossesGainsMinusExcessOrLosses
1,700 SHARES OF EQUIFAX, INC	D	1997-07-01	2012-10-02	78821	28747	50074	50074
1,200 SHARES OF INTEL CORP	P	2005-01-10	2012-08-23	30256	27555	2701	2701

Field	Value	IRS element (for citing)
Capital Gain Net Income	52775	CapitalGainNetIncome

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

Field	Value	IRS element (for citing)
Liable For4942 Tax	false	LiableFor4942Tax
Qualifying Distributions Year1	91000	QualifyingDistributionsYear1
Noncharitable Assets Year1	408847	NoncharitableAssetsYear1
Distribution Ratio Year1	0.222577	DistributionRatioYear1
Qualifying Distributions Year2	86500	QualifyingDistributionsYear2
Noncharitable Assets Year2	419955	NoncharitableAssetsYear2
Distribution Ratio Year2	0.205974	DistributionRatioYear2
Qualifying Distributions Year3	143474	QualifyingDistributionsYear3
Noncharitable Assets Year3	214680	NoncharitableAssetsYear3
Distribution Ratio Year3	0.668316	DistributionRatioYear3
Qualifying Distributions Year4	32166	QualifyingDistributionsYear4
Noncharitable Assets Year4	198307	NoncharitableAssetsYear4
Distribution Ratio Year4	0.162203	DistributionRatioYear4
Qualifying Distributions Year5	30888	QualifyingDistributionsYear5
Noncharitable Assets Year5	281291	NoncharitableAssetsYear5
Distribution Ratio Year5	0.109808	DistributionRatioYear5
Total Distribution Ratio	1.368878	TotalDistributionRatio
Average Distribution Ratio	0.273776	AverageDistributionRatio
Net Noncharitable Assets	364281	NetNoncharitableAssets
Adjusted Noncharitable Assets	99731	AdjustedNoncharitableAssets
One Percent Net Investment Income	585	OnePercentNetInvestmentIncome
Adj Nonchrtbl Assets And One	100316	AdjNonchrtblAssetsAndOnePct
Qualifying Distributions	99050	QualifyingDistributions

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

Field	Value	IRS element (for citing)
Investment Income Excise Tax	1169	InvestmentIncomeExciseTax
Subtotal	1169	Subtotal
Tax Based On Investment Income	1169	TaxBasedOnInvestmentIncome
Est Tax Payments And Overpayment	1240	EstTaxPaymentsAndOverpayment
Total Credits And Payments	1240	TotalCreditsAndPayments
Overpayment	71	Overpayment
Amount Credited To Next Year	71	AmountCreditedToNextYear

Statements Regarding Activities StatementsRegardingActivities

Field	Value	IRS element (for citing)
Legislative Political Activities	false	LegislativePoliticalActivities
More Than100 Spent	false	MoreThan100Spent
Form1120 POL Filed	false	Form1120POLFiled
Activities Not Prev Reported	false	ActivitiesNotPrevReported
Changes To Articles Or Bylaws	false	ChangesToArticlesOrBylaws
Unrelated Bus Income Over1000	false	UnrelatedBusIncomeOver1000
Termination Etc	false	TerminationEtc
Requirements Of Sect508e	true	RequirementsOfSect508e
At Least5000 In Assets	true	AtLeast5000InAssets
States Filed With	SC	StatesFiledWith
Form990 PF Filed With AG	true	Form990PFFiledWithAG
Private Operating Foundation	false	PrivateOperatingFoundation
New Substantial Contributors	false	NewSubstantialContributors
Interest In Controlled Entity	false	InterestInControlledEntity
Applicable Insurance Contract	false	ApplicableInsuranceContract
Comply With Public Inspection Rqr	true	ComplyWithPublicInspectionRqr
Website Address	N/A	WebsiteAddress

Books In Care Of Business Name BooksInCareOfBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	RICHARD LEADEM	BusinessNameLine1

Field	Value	IRS element (for citing)
Books In Care Of Phone Number	8437232109	BooksInCareOfPhoneNumber

Books In Care Of US Address BooksInCareOfUSAddress

Field	Value	IRS element (for citing)
Address Line1	22 LAMBOLL	AddressLine1
City	CHARLESTON	City
State	SC	State
ZIP Code	29401	ZIPCode

Field	Value	IRS element (for citing)
Foreign Bank	false	ForeignBank

Statements Regarding Acty4720 StatementsRegardingActy4720

Field	Value	IRS element (for citing)
Sale Or Exchange With Dsqfly Person	false	SaleOrExchangeWithDsqflyPerson
Borrow Or Lend With Dsqfly Person	false	BorrowOrLendWithDsqflyPerson
Furnished Goods With Dsqfly Person	false	FurnishedGoodsWithDsqflyPerson
Pay Compensation To Dsqfly Person	false	PayCompensationToDsqflyPerson
Transfer Assets To Dsqfly Person	false	TransferAssetsToDsqflyPerson
Payment To Government Offical	false	PaymentToGovernmentOffical
Undistributed Income Prior Years	false	UndistributedIncomePriorYears
Business Holdings	false	BusinessHoldings
Jeopardy Investments	false	JeopardyInvestments
Uncorrected Jeopardy Investments	false	UncorrectedJeopardyInvestments
Influence Legislation	false	InfluenceLegislation
Influence Election	false	InfluenceElection
Grants To Individuals	false	GrantsToIndividuals
Grants To Organizations	false	GrantsToOrganizations
Noncharitable Purpose	false	NoncharitablePurpose
Rcv Funds To Pay Prsnl Bnft Contract	false	RcvFundsToPayPrsnlBnftContract
Pay Premiums Prsnl Bnft Contract	false	PayPremiumsPrsnlBnftContract
Prohibited Tax Shelter Transactn	false	ProhibitedTaxShelterTransactn

Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo

Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee (2 entries)

Address Line1USAddress/AddressLine1	CityUSAddress/City	StateUSAddress/State	ZIP CodeUSAddress/ZIPCode	TitleTitle	Avg Hours Per Wk Devoted To PositionAvgHoursPerWkDevotedToPosition	CompensationCompensation	Contri To Empl Benefit Plans EtcContriToEmplBenefitPlansEtc	Expense Account Other AllowancesExpenseAccountOtherAllowances
RICHARD LEADEM
22 LAMBOLL STREET	CHARLESTON	SC	29401	TRUSTEE	1.00	0	0	0
SUSAN LEADEM
22 LAMBOLL STREET	CHARLESTON	SC	29401	TRUSTEE	1.00	0	0	0

Field	Value	IRS element (for citing)
Comp Of Highest Paid Empl NONE	NONE	CompOfHighestPaidEmplNONE
Comp Of Hghst Paid Cntrct NONE	NONE	CompOfHghstPaidCntrctNONE

Sum Of Program Related Investments SumOfProgramRelatedInvestments

Field	Value	IRS element (for citing)
Description1	N/A	Description1

Minimum Investment Return MinimumInvestmentReturn

Field	Value	IRS element (for citing)
Avg Monthly FMV Of Securities	341927	AvgMonthlyFMVOfSecurities
Avg Monthly Cash Balances	27901	AvgMonthlyCashBalances
FMV All Other Noncharitable Assets	0	FMVAllOtherNoncharitableAssets
Total FMV Of Unused Assets	369828	TotalFMVOfUnusedAssets
Adj Total FMV Of Unused Assets	369828	AdjTotalFMVOfUnusedAssets
Cash Deemed Charitable	5547	CashDeemedCharitable
Net Noncharitable Assets	364281	NetNoncharitableAssets
Minimum Investment Return	18214	MinimumInvestmentReturn

Distributable DistributableAmount

Field	Value	IRS element (for citing)
Minimum Investment Return	18214	MinimumInvestmentReturn
Tax Based On Investment Income	1169	TaxBasedOnInvestmentIncome
Total Tax	1169	TotalTax
Distributable Amount Before Adj	17045	DistributableAmountBeforeAdj
Distributable Amount Before Ded	17045	DistributableAmountBeforeDed
Distributable Amount As Adjusted	17045	DistributableAmountAsAdjusted

Qualifying Distributions QualifyingDistributions

Field	Value	IRS element (for citing)
Expenses And Contributions	99050	ExpensesAndContributions
Qualifying Distributions	99050	QualifyingDistributions
Adj Qualifying Distributions	99050	AdjQualifyingDistributions

Undistributed Income UndistributedIncome

Field	Value	IRS element (for citing)
Distributable Amount As Adjusted	17045	DistributableAmountAsAdjusted
Excess Distri Carryover Year5	16997	ExcessDistriCarryoverYear5
Excess Distri Carryover Year4	22313	ExcessDistriCarryoverYear4
Excess Distri Carryover Year3	132792	ExcessDistriCarryoverYear3
Excess Distri Carryover Year2	66995	ExcessDistriCarryoverYear2
Excess Distri Carryover Year1	71761	ExcessDistriCarryoverYear1
Total Excess Distri Carryover	310858	TotalExcessDistriCarryover
Qualifying Distributions	99050	QualifyingDistributions
Applied To Current Year	17045	AppliedToCurrentYear
Remaining Distri From Corpus	82005	RemainingDistriFromCorpus
Total Corpus	392863	TotalCorpus
Undistributed Income CY	0	UndistributedIncomeCY
Excess Distri Cyov From Year5	16997	ExcessDistriCyovFromYear5
Excess Distri Cyov To Next Year	375866	ExcessDistriCyovToNextYear
Excess From Year4	22313	ExcessFromYear4
Excess From Year3	132792	ExcessFromYear3
Excess From Year2	66995	ExcessFromYear2
Excess From Year1	71761	ExcessFromYear1
Excess From Current Year	82005	ExcessFromCurrentYear

Supplementary Information SupplementaryInformation

Field	Value	IRS element (for citing)
Contributing Manager	RICHARD LEADEM	ContributingManager
Only Contributes To Preselected	X	OnlyContributesToPreselected

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (13 entries)

Address Line1RecipientUSAddress/AddressLine1	CityRecipientUSAddress/City	StateRecipientUSAddress/State	ZIP CodeRecipientUSAddress/ZIPCode	Recipient RelationshipRecipientRelationship	Recipient Foundation StatusRecipientFoundationStatus	Purpose Of Grant Or ContributionPurposeOfGrantOrContribution	AmountAmount
ASHLEY HALL
172 RUTLEDGE AVENUE	CHARLESTON	SC	29403	UNRELATED	OTHER PUBLIC	UNRESTRICTED GIFT	$5,000
CHARLESTON COMMUNITY SAILING
PO BOX 21811	CHARLESTON	SC	29413	UNRELATED	OTHER PUBLIC	UNRESTRICTED GIFT	$2,000
CHARLESTON DAY SCHOOL
15 ARCHDALE STREET	CHARLESTON	SC	29401	UNRELATED	OTHER PUBLIC	UNRESTRICTED GIFT	$57,500
CHARLESTON PARKS CONSERVANCY
PO BOX 21000	CHARLESTON	SC	29413	UNRELATED	OTHER PUBLIC	UNRESTRICTED GIFT	$1,000
MUSC CHILDREN'S HOSPITAL
18 BEE STREET	CHARLESTON	SC	29425	UNRELATED	OTHER PUBLIC	UNRESTRICTED GIFT	$1,000
STOWE LAND TRUST
PO BOX 284	STOWE	VT	05672	UNRELATED	OTHER PUBLIC	UNRESTRICTED GIFT	$12,500
OUTREACH 360
6611 ROBERT E LEE ST	GLENDALE	AZ	85308	UNRELATED	OTHER PUBLIC	UNRESTRICTED GIFT	$1,600
DIOCESE OF CHARLESTON
119 BROAD STREET	CHARLESTON	SC	29401	UNRELATED	OTHER PUBLIC	UNRESTRICTED GIFT	$2,750
WAKE FOREST UNIVERSITY
PO BOX 7227 REYNOLDS STAT	WINSTON SALEM	NC	27109	UNRELATED	OTHER PUBLIC	UNRESTRICTED GIFT	$10,000
NEMOURS WILDLIFE FOUNDATION
161 NEMOURS PLANTATION RD	YEMASSEE	SC	29945	UNRELATED	OTHER PUBLIC	UNRESTRICTED GIFT	$1,000
ACADEMIC MAGNET HIGH SCHOOL
5109 WEST ENTERPRISE ST	N CHARLESTON	SC	29405	UNRELATED	OTHER PUBLIC	UNRESTRICTED GIFT	$2,500
CHARLESTON LIBRARY SOCIETY
164 KING STREET	CHARLESTON	SC	29401	UNRELATED	OTHER PUBLIC	UNRESTRICTED GIFT	$1,200
LOW COUNTRY OPEN LAND TRUST
80 ALEXANDER ST	CHARLESTON	SC	29403	UNRELATED	OTHER PUBLIC	UNRESTRICTED GIFT	$1,000

Field	Value	IRS element (for citing)
Tot Grant Or Contri Paid During Year	99050	TotGrantOrContriPaidDuringYear

Analysis Income Producing Acty AnalysisIncomeProducingActy

Int On Savings And Temp Cash Invst IntOnSavingsAndTempCashInvst

Field	Value	IRS element (for citing)
Exclusion Code	14	ExclusionCode
Exclusion	$9	ExclusionAmount

Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII

Field	Value	IRS element (for citing)
Exclusion Code	14	ExclusionCode
Exclusion	$5,679	ExclusionAmount

Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry

Field	Value	IRS element (for citing)
Exclusion Code	18	ExclusionCode
Exclusion	$34,347	ExclusionAmount

Subtotals Part XVIA SubtotalsPartXVIA

Field	Value	IRS element (for citing)
Exclusion	$40,035	ExclusionAmount

Field	Value	IRS element (for citing)
Total Part XVIA	40035	TotalPartXVIA

Trnsfr Tr Rln With Noncharitable EO TrnsfrTrRlnWithNoncharitableEO

Field	Value	IRS element (for citing)
Trnsfr Of Cash To Noncharitable EO	false	TrnsfrOfCashToNoncharitableEO
Trnsfr Oth Assets Noncharitable EO	false	TrnsfrOthAssetsNoncharitableEO
Sales Or Exchanges Of Assets	false	SalesOrExchangesOfAssets
Purchase Assets Noncharitable EO	false	PurchaseAssetsNoncharitableEO
Rental Of Facilities Etc	false	RentalOfFacilitiesEtc
Reimbursement Arrangements	false	ReimbursementArrangements
Loans Or Loan Guarantees	false	LoansOrLoanGuarantees
Performance Of Services Etc	false	PerformanceOfServicesEtc
Sharing Of Facilities Etc	false	SharingOfFacilitiesEtc
Relationships Noncharitable E Os	false	RelationshipsNoncharitableEOs

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees AccountingFees

Field	Value	IRS element (for citing)
Category	ACCOUNTING	Category
Amount	$1,025	Amount

Compensation Explanation CompensationExplanation

Compensation Compensation (2 entries)

RICHARD LEADEM
SUSAN LEADEM

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corp Stock InvestmentsCorpStock (4 entries)

Name Of StockNameOfStock	EOY Book ValueEOYBookValue	EOYFMVEOYFMV
300 SELECT SECTOR SPDR-ENERGY	21599	21426
3000 AMERISOURCEBERGEN CORP	67470	129540
3000 EQUIFAX	83250	162360
1200 INTEL

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases OtherDecreases

Field	Value	IRS element (for citing)
Description	ROUNDING	Description
Amount	$1	Amount

Other Expenses Schedule OtherExpensesSchedule

Other Expenses OtherExpenses (2 entries)

DescriptionDescription
EXPENSES
OFFICE SUPPLIES

Taxes Schedule TaxesSchedule

Taxes Taxes

Field	Value	IRS element (for citing)
Category	EXCISE TAX	Category
Amount	$2,472	Amount