Pasadena Lions Club Memorial Trust in Pasadena, California (CA)

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Pasadena Lions Club Memorial Trust
Employer Identification Number (EIN)237281843
Name of OrganizationPasadena Lions Club Memorial Trust
AddressPO BOX 364, Pasadena, CA 91102-0364
ActivitiesGifts, grants, or loans to other organizations
SubsectionCharitable Organization
Ruling Date05/1973
DeductibilityContributions are deductible
FoundationOrganization which operates for benefit of college or university and is owned or operated by a governmental unit
OrganizationTrust
Exempt Organization StatusUnconditional Exemption
Tax Period06/2012
Assets$1,000,000 to $4,999,999
Income$1,000,000 to $4,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$2,090,388
Amount of Income$1,044,234
Form 990 Revenue Amount$-48,276
National Taxonomy of Exempt Entities (NTEE)Human Services - Multipurpose and Other: Fund Raising and/or Fund Distribution


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Amount of income in 2012: $1,044,234
This organization: 

 $1,044,234
Other organizations performing similar types of work: 

 $1,179,143

Assets in 2012: $2,090,388
This organization: 

 $2,090,388
Other organizations performing similar types of work: 

 $1,509,302

Expenses in 2007: $85,348
Pasadena Lions Club Memorial Trust: 

 $85,348
Other organizations performing similar types of work: 

 $2,030,490

Income to expenses ratio in 2007: 0.8
This organization: 

 0.8
Other organizations performing similar types of work: 

 1.4

Expenses allocated to program services in 2007: 94.7%
Pasadena Lions Club Memorial Trust: 

 94.7%
Other organizations performing similar types of work: 

 80.1%

Grants share in income in 2007: 8.4%
This organization: 

 8.4%
Other organizations performing similar types of work: 

 64.1%

Financial snapshot ($)

Revenue for 2007

Assets at end of 2007

Expenses for 2007

Functional Expenses for 2007 ($)

Revenue, Expenses, and Changes in Net Assets or Fund Balances
2004200520062007
Total revenue$863,486$797,203$248,938$72,400
Contributions, gifts, grants, and similar amounts received$854,955$696,639$12,449$6,056
Contributions to donor advised funds$0$0
Direct public support$854,955$696,639$12,449$6,056
Indirect public support$0$0$0$0
Government contributions (grants)$0$0$0$0
Program service revenue including government fees and contracts$0$0$0$0
Membership dues and assessments$0$0$0$0
Interest on savings and temporary cash investments$0$0$0$0
Dividends and interest from securities$7,672$58,667$69,042$66,344
Net rental income or (loss)$0$0$0$0
Gross rents$0$0$0$0
Less: rental expenses$0$0$0$0
Other investment income$0$0$0$0
Gain or (loss) from sales of assets other than inventory$859$41,897$167,447$0
Gross amount from sales of assets other than inventory$201,659$179,362$1,810,025$149,772
Less: cost or other basis and sales expenses$200,800$137,465$1,642,578$149,772
Net income or (loss) from special events and activities$0$0$0$0
Gross revenue$0$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0$0
Gross profit or (loss) from sales of inventory$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0
Less: cost of goods sold$0$0$0$0
Other revenue$0$0$0$0
Total expenses$14,760$39,014$82,476$85,348
Program services$9,441$26,510$65,965$80,797
Management and general$5,319$12,504$16,511$4,551
Fundraising$0$0$0$0
Payments to affiliates$0$0$0$0
Net assets or fund balances at end of year$1,126,132$1,909,786$2,076,824$1,880,671
Excess or (deficit) for the year$848,726$758,189$166,462$-12,948
Net assets or fund balances at beginning of year$240,193$1,126,132$1,909,786$2,076,824
Other changes in net assets or fund balances$37,213$25,465$576$-183,205
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$85,348$80,797$4,551$0
Grants paid from donor advised funds$0
Other grants and allocations$80,797
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$0$0$0$0
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$0$0$0$0
Pension plan contributions not included above$0$0$0$0
Employee benefits not included above$0$0$0$0
Payroll taxes$0$0$0$0
Professional fundraising fees$0$0$0$0
Accounting fees$2,150$0$2,150$0
Legal fees$0$0$0$0
Supplies$83$0$83$0
Telephone$0$0$0$0
Postage and shipping$0$0$0$0
Occupancy$0$0$0$0
Equipment rental and maintenance$0$0$0$0
Printing and publications$0$0$0$0
Travel$0$0$0$0
Conferences, conventions, and meetings$0$0$0$0
Interest$0$0$0$0
Depreciation, depletion, etc.$0$0$0$0
Other expenses not covered above$2,318$0$2,318$0
Balance Sheets
2004200520062007
Total assets$1,126,132$1,909,786$2,076,824$1,880,671
Cash - non-interest-bearing$87,819$33,647$133,331$287
Savings and temporary cash investments$0$0$0$69,329
Accounts receivable less allowance for doubtful accounts$0$0$0$0
Pledges receivable less allowance for doubtful accounts$0$0$0$0
Grants receivable$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$0$0$0$0
Inventories for sale or use$0$0$0$0
Prepaid expenses and deferred charges$0$0$0$0
Investments - publicly-traded securities$1,943,493$917,261
Investments - other securities$1,038,313$1,876,139$0$893,794
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0
Investments - other$0$0$0$0
Land, buildings, and equipment less accumulated depreciation$0$0$0$0
Other assets, including program-related investments$0$0$0$0
Total liabilities$0$0$0$0
Accounts payable and accrued expenses$0$0$0$0
Grants payable$0$0$0$0
Deferred revenue$0$0$0$0
Loans from officers, directors, trustees, and key employees$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0
Mortgages and other notes payable$0$0$0$0
Other liabilities$0$0$0$0
Total liabilities and net assets/fund balances$1,126,132$1,909,786$2,076,824$1,880,671
Total net assets or fund balances$1,126,132$1,909,786$2,076,824$1,880,671
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
2004200520062007
Total revenue$0$0$0$0
Total revenue, gains, and other support per audited financial statements$0$0$0$0
Other expenses$0$0$0$0
Net unrealized gains on investments$0$0$0$0
Donated services and use of facilities$0$0$0$0
Recoveries of prior year grants$0$0$0$0
Other$0$0$0$0
Other revenue$0$0$0$0
Investment expenses$0$0$0$0
Other$0$0$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
2004200520062007
Total expenses$0$0$0$0
Total expenses and losses per audited financial statements$0$0$0$0
Other revenue$0$0$0$0
Donated services and use of facilities$0$0$0$0
Prior year adjustments$0$0$0$0
Losses$0$0$0$0
Other$0$0$0$0
Other expenses$0$0$0$0
Investment expenses$0$0$0$0
Other$0$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings6
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?No
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?No
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 20060
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$66,344$0
Program service revenue
Program service revenue 1000000$000$0$0
Program service revenue 2000000$000$0$0
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$000$0$0
Dividends and interest from securities000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$66,344$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$000$0$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$000$0$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
Enter the total number of donor advised funds owned at the end of the tax year$0
Enter the aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
Enter the total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
Enter the aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isNot controlled by disqualified persons/supports non private foundation
Type of supporting organizationType I
Information about the supported organizations
Employer identification number (EIN)Name of organizationType of organizationIs the supported organization listed in the supporting organization's governing documents?Amount of support
956047661International Association Of Lions Clubs, Pasedena Lions ClubNo$15,415
Total$15,415
Support Schedule
2003200420052006
Total$0$0$0$0
Gifts, grants, and contributions received$0$0$0$0
Membership fees received$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$0$0$0
Net income from unrelated business activities not included above$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0
Other income$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
Statements Regarding Other IRS Filings and Tax Compliance (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2011)
Total revenue$242,126
Contributions, Gifts, Grants and Other Similar Amounts$1,344
Program Service Revenue$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$82,898
Income from investment of tax-exempt bond proceeds$0
Royalties$271
Net rental income$0
Net gain from sales of assets other than inventory$157,613
Gross amount from sales of assets other than inventory (Securities / Other)$809,254 / $1,391
Less: cost or other basis and sales expenses (Securities / Other)$653,032 / $0
Gain or (loss) (Securities / Other)$156,222 / $1,391
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$0
Statement of Functional Expenses (for 2011)
Total functional expenses$88,273
Compensation of current officers, directors, trustees, and key employees$0
Other salaries and wages$0
Payroll taxes$0
Professional fundraising services$0
Other$88,273
Balance Sheet (for 2011)
Total assets$2,210,497
Total liabilities$0
Total net assets or fund balances$2,210,497
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2)
Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Fund For The Aged Inc120 W 106th St, New York, NY 10025-3923NY1991-12$107,672,310
2Andre Agassi Foundation For Education8th Floor, Las Vegas, NV 89169NV1994-03$56,256,734
3Scanlan Foundation2401 Fountain View Dr Ste 1007, Houston, TX 77057-4852TX1948-09$19,062,492
4Upcap Services IncPO BOX 606, Escanaba, MI 49829-0606MI1972-05$17,634,515
5Ecumenical Enterprises Inc, Hi-Meadows Apartments4 E Center Hill Rd, Dallas, PA 18612-1072PA1970-12$14,784,501
6The Viscardi Center Inc201 I U Willets Rd, Albertson, NY 11507-1516NY1957-03$11,366,876
7Ohio Presbyterian Retirement Services Foundation1001 Kingsmill Pkwy, Columbus, OH 43229-1129OH1986-06$11,062,782
8American Baptist Homes Foundation Of The West Inc6120 Stoneridge Mall Road 3rd Fl, Pleasanton, CA 94588-3296CA1969-10$10,436,154
9Return The United Fund For The Education Of Russian Immigrant5218 16th Ave, Brooklyn, NY 11204-1408NY1992-01$9,501,956
10Yellowstone Boys And Girls Ranch Foundation IncPO BOX 80807, Billings, MT 59108-0807MT1984-05$9,313,779
11Presbyterian Homes Foundation2845 North Hamline Avenue, Roseville, MN 55113-7127MN1988-10$9,287,969
12New York Womens Foundation39 Broadway Ste 2300, New York, NY 10006-3003NY1992-06$9,269,235
13Toys R Us Childrens Fund IncOne Geoffrey Way, Wayne, NJ 07470NJ2004-11$9,118,743
14Connections For Children2701 Ocean Park Blvd Ste 253, Santa Monica, CA 90405-5239CA1983-06$7,037,760
15Community Facilities Inc1931 Buffalo Rd, Rochester, NY 14624-1535NY1971-02$5,632,113
16Universalist Society For Ministerial Relief IncPO BOX 55806, Boston, MA 02205-5806MA1940-10$5,478,593
17Florida Lions Foundation For The Blind Inc12455 Se 92nd Ter, Summerfield, FL 34491-9728FL1964-10$5,098,050
18S J & Margaret Gordon Stuart Trust10 S Dearborn, Chicago, IL 60603-2300IL1979-05$3,435,340
19Mary Blaine Barker Trust UwPnc Bank Na 620 Liberty Avenue No, Pittsburgh, PA 15222PA1979-05$2,635,309
20Presbyterian Villages Of Michigan Foundation26200 Lasher Rd Ste 300, Southfield, MI 48034MI1993-12$2,450,519
21Chime Foundation Incorporated4815 Seton Dr, Baltimore, MD 21215-3211MD1994-07$2,357,192
22Childserve Foundation IncPO BOX 707, Johnston, IA 50131-0707IA1981-03$2,320,967
23World Childhood Foundation Inc529 5th Ave, New York, NY 10017-4608NY1999-12$2,094,849
24Gold Rush Classic Inc1 Sports Pkwy, Sacramento, CA 95834-2300CA1995-05$1,109,815
25Pasadena Lions Club Memorial TrustPO BOX 364, Pasadena, CA 91102-0364CA1973-05$1,044,234
26Junior Seau Foundation5275 Market Street Suite B, San Diego, CA 92114-2212CA1993-09$794,580
27Anderson Childrens Foundation1111 E Tahquitz Canyon Wy 109, Palm Springs, CA 92262-0113CA1971-01$2,554,208
28Marconi Foundation For Kids1302 Industrial Drive R858, Tustin, CA 92780-6416CA1995-10$2,531,681
29Everychild FoundationPO BOX 1808, Pacific Plsds, CA 90272-1808CA2000-06$1,063,129
30Forum Community Services Inc1722 Virginia Rd, Los Angeles, CA 90019-5936CA1991-07$8
Number of organizations performing similar types of work
Arizona5
California16
Colorado1
Connecticut1
District of Columbia2
Delaware1
Florida7
Iowa1
Illinois11
Kansas2
Kentucky2
Louisiana1
Massachusetts3
Maryland3
Michigan4
Minnesota3
Missouri1
Montana1
North Carolina1
Nebraska1
New Hampshire1
New Jersey4
New Mexico1
Nevada1
New York17
Ohio5
Pennsylvania8
Tennessee3
Texas4
Virginia1
Vermont2
Washington3
Wisconsin1
Total118

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