Laughrey Family Foundation Inc in Indianapolis, Indiana (IN)

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Laughrey Family Foundation Inc
Employer Identification Number (EIN)352063114
Name of OrganizationLaughrey Family Foundation Inc
In Care of NameJ Bruce Laughrey
Address101 W Washington St Suite 1301 E, Indianapolis, IN 46204-3407
SubsectionEducational Organization
Ruling Date08/1999
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2012
Assets$100,000 to $499,999
Income$100,000 to $499,999
Filing Requirement990 - Not required to file (all other) (990-PF required)
Asset Amount$205,262
Amount of Income$291,912
Form 990 Revenue Amount$14,844
National Taxonomy of Exempt Entities (NTEE)Educational Institutions and Related Activities: Scholarships, Student Financial Aid Services, Awards


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Amount of income in 2012: $291,912 (it was $327,253 in 2011)
This organization: 

 $291,912
Other organizations performing similar types of work: 

 $42,700

Assets in 2012: $205,262 (it was $189,342 in 2011)
Laughrey Family Foundation Inc: 

 $205,262
Other organizations performing similar types of work: 

 $68,974

Financial snapshot ($)

Revenue for 2011

Expenses for 2011

Assets for 2011

Analysis of Revenue and Expenses (for 2011)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$14,844$14,844$0
Contributions, gifts, grants, etc., received$0
Interest on savings and temporary cash investments$0
Dividends and interest from securities$3,467
Gross rents$0
Gross profit from sales of goods$0
Other income$0
Other$11,377
Total expenses and disbursements$30,571$10,140$0$20,431
Compensation of officers, directors, trustees, etc.$11,000
Total operating and administrative expenses$17,571$10,140$7,431
Contributions, gifts, grants paid$13,000
Excess of revenue over expenses and disbursements$-15,727
Net investment income$4,704
Adjusted net income$0
Balance Sheets (for 2011)
Book ValueFair Market Value
Total assets$189,342$189,342
Cash - non-interest-bearing$8,996
Investments-U.S. and state government obligations$0
Investments-corporate stock$177,126
Investments-corporate bonds$0
Investments-mortgage loans$0
Investments-other$0
Other$3,220
Total liabilities$1
Mortgages and other notes payable$0
Other$1
Total liabilities and net assets/fund balances$189,342
Capital Gains and Losses for Tax on Investment Income (for 2011)
Capital gain net income$11,377
Net capital loss$0
Excise Tax Based on Investment Income (for 2011)
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)No
Tax based on investment income$47
Total credits and payments$1,079
2011 estimated tax payments and 2010 overpayment credited to 2011$1,079
Exempt foreign organizations-tax withheld at source$0
Tax paid with application for extension of time to file (Form 8868)$0
Backup withholding erroneously withheld$0
Any penalty for underpayment of estimated tax$0
Overpayment$1,032
Amount to be credited to 2012 estimated tax$1,032
Statements Regarding Activities (for 2011)
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign?No
Was there a liquidation, termination, dissolution, or substantial contraction during the year?No
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar year 2011 or the taxable year beginning in 2011?No
Statements Regarding Activities for Which Form 4720 May Be Required (for 2011)
During the year did the foundation (either directly or indirectly):
Engage in the sale or exchange, or leasing of property with a disqualified person?No
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person?No
Furnish goods, services, or facilities to (or accept them from) a disqualified person?No
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?No
Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)?No
Agree to pay money or property to a government official?No
At the end of tax year 2011, did the foundation have any undistributed income for tax year(s) beginning before 2011?No
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year?No
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?No
During the year did the foundation pay or incur any amount to:
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?No
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive?No
Provide a grant to an individual for travel, study, or other similar purposes?No
Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)?No
Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals?No
Minimum Investment Return (for 2011)
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes$217,876
Net value of noncharitable-use assets$214,600
Minimum investment return$10,730
Distributable Amount (for 2011)
Distributable amount$10,683
Undistributed Income (for 2011)
Distributable amount for 2011$10,683
Undistributed income for 2011. This amount must be distributed in 2012$0
Private Operating Foundations (for 2011)
2011201020092008Total
The lesser of the adjusted net income or the minimum investment return$0$0$0$0$0
Qualifying distributions made directly for active conduct of exempt activities$0$0$0$0$0
Value of all assets$0$0$0$0$0
Value of assets qualifying under section 4942(j)(3)(B)(i)$0$0$0$0$0
2/3 of minimum investment return$0$0$0$0$0
Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties)$0$0$0$0$0
Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)$0$0$0$0$0
Gross investment income$0$0$0$0$0
Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Health Scholarships IncPO BOX 1337, Hawkinsville, GA 31036-7337GA1999-04$157,402,420
2Montana Higher Education Student Assistance Corporation2500 E Broadway St, Helena, MT 59601-4901MT1983-03$119,407,568
3Educational Services Of America Inc104 N Seven Oaks Dr, Knoxville, TN 37922-2359TN1996-06$72,052,479
4Usa Funds Education Endowment Inc10475 Crosspoint Blvd Ste 230, Indianapolis, IN 46256-3387IN2005-07$41,529,411
5Greater Texas Foundation6100 Foundation Place Dr, Bryan, TX 77807-1105TX1980-05$39,027,572
6Foundation For Educational FundingPO BOX 82552, Lincoln, NE 68501-2552NE2002-08$36,471,952
7American Association Of University Women Inc9490 N Ridgewood Road, Pocatello, ID 83201ID2010-03$28,150,155
8Firemens Association Of The State New York Foundation Inc107 Washington Avenue, Albany, NY 12210-2200NY2003-01$23,169,842
9Cardinal Services Inc Of Indiana504 N Bay Dr, Warsaw, IN 46580-4627IN1965-06$21,816,763
10Scholarship Fdn Of St Joseph County IncPO BOX 1602, South Bend, IN 46634-1602IN1961-10$911,904
11The Endowment Fund Of The Phi Kappa Psi Fraternity5395 Emerson Way, Indianapolis, IN 46226-1415IN1988-10$13,480,896
12Alpha Gamma Delta Foundation Inc8710 N Meridian Street, Indianapolis, IN 46260-5389IN2000-05$3,652,508
13Alpha Sigma Phi Educational Foundation Inc710 Adams St, Carmel, IN 46032-7541IN2004-11$3,166,961
14J Herbert Hoch And Martha Hoch Memorial TrPO BOX 188, Francesville, IN 47946-0188IN2004-05$1,496,283
15Biddle Memorial Foundation IncPO BOX 215, Sheridan, IN 46069-0215IN2001-09$736,945
16Crossbred Classic Inc7014 E County Road 200 N, Michigantown, IN 46057-9510IN2002-01$680,206
17Dwight & Virginia Deen Schoeff Scholarship Tr200 E Jackson St, Muncie, IN 47305-2835IN2005-08$632,112
18Indiana Association Of Chiefs Of Police Foundation Inc10293 N Meridian St Ste 175, Indianapolis, IN 46290-1130IN1996-03$591,367
19Pfleiderer Warsaw High School Irrv Scholarship TrPO BOX 1602, South Bend, IN 46634-1602IN2004-02$475,327
20Davies-Ellis TrPO BOX 207, Evansville, IN 47702-0207IN2004-09$453,631
21Ralph B And Roma J Steele Art Scholarship Tr246 3rd Ave, Jasper, IN 47546-3426IN2008-09$396,411
22Hamilton Southeastern Schools Foundation Inc13485 Cumberland Rd, Fishers, IN 46038-3602IN2001-12$344,872
23Beck Foundation Inc6401 E 276th St, Atlanta, IN 46031-9617IN2001-07$343,310
24Laughrey Family Foundation Inc101 W Washington St Suite 1301 E, Indianapolis, IN 46204-3407IN1999-08$291,912
25Mitchell F & Opal F Zienty Scholarship Charitable Foundation1220 E Jackson Blvd, Elkhart, IN 46516-4419IN2006-03$261,803
26Romshe Scholarship Foundation Inc8140 Union Chapel Rd, Indianapolis, IN 46240-2445IN2000-05$251,173
27Charles Eades Scholarship Trust, Old National Trust TteePO BOX 207, Evansville, IN 47702-0207IN2008-09$242,461
28Gccs Educational Foundation Inc2112 Utica Sellersburg Rd, Jeffersonvlle, IN 47130-8506IN1999-05$191,582
29Brandenburg Scholarship Tr114 E Market St, Warsaw, IN 46580-2806IN2006-06$187,397
30Miss Indiana Scholarship Pageant IncPO BOX 40775, Indianapolis, IN 46240-0775IN2007-10$167,564
Number of organizations performing similar types of work
Alaska43
Alabama250
Arkansas194
Arizona319
California2,300
Colorado349
Connecticut321
District of Columbia190
Delaware72
Florida1,105
Georgia574
Hawaii107
Iowa213
Idaho84
Illinois983
Indiana318
Kansas186
Kentucky239
Louisiana208
Massachusetts723
Maryland523
Maine130
Michigan616
Minnesota318
Missouri405
Mississippi131
Montana104
North Carolina548
North Dakota21
Nebraska109
New Hampshire123
New Jersey1,012
New Mexico109
Nevada138
New York1,422
Ohio817
Oklahoma213
Oregon252
Pennsylvania868
Rhode Island122
South Carolina208
South Dakota48
Tennessee287
Texas1,807
Utah187
Virginia572
Vermont84
Washington420
Wisconsin373
West Virginia96
Wyoming40
International28
Total20,909

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