Lucille And Bruce Lambert Charitable Foundation Inc in Falls Church, Virginia (VA)

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Lucille And Bruce Lambert Charitable Foundation Inc
Employer Identification Number (EIN)541898273
Name of OrganizationLucille And Bruce Lambert Charitable Foundation Inc
In Care of NameCynthia Butler
Address2100 Powhatan St, Falls Church, VA 22043-1940
ActivitiesGifts, grants, or loans to other organizations
SubsectionCharitable Organization
Ruling Date12/1998
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2012
Assets$10,000,000 to $49,999,999
Income$1,000,000 to $4,999,999
Filing Requirement990 - Not required to file (all other)
Asset Amount$17,519,384
Amount of Income$4,515,339
Form 990 Revenue Amount$9,863,741
National Taxonomy of Exempt Entities (NTEE)Philanthropy, Voluntarism and Grantmaking Foundations: Private Independent Foundations


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Amount of income in 2012: $4,515,339 (it was $13,298,719 in 2011)
Lucille And Bruce Lambert Charitable Foundation Inc: 

 $4,515,339
Other organizations performing similar types of work: 

 $120,021

Assets in 2012: $17,519,384 (it was $17,630,174 in 2011)
This organization: 

 $17,519,384
Other organizations performing similar types of work: 

 $470,342

Expenses in 2012: $1,055,212
Lucille And Bruce Lambert Charitable Foundation Inc: 

 $1,055,212
Other organizations performing similar types of work: 

 $61,754

Income to expenses ratio in 2012: 4.3
Lucille And Bruce Lambert Charitable Foundation Inc: 

 4.3
Other organizations performing similar types of work: 

 2.0

Financial snapshot ($)

Revenue for 2012

Expenses for 2012

Assets for 2012

Analysis of Revenue and Expenses (for 2012)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$944,422$923,188$483,852
Contributions, gifts, grants, etc., received$0
Interest on savings and temporary cash investments$59,891
Dividends and interest from securities$320,187
Gross rents$59,258
Gross profit from sales of goods$0
Other income$21,234
Other$483,852
Total expenses and disbursements$1,055,212$490,396$6,314$564,000
Compensation of officers, directors, trustees, etc.$290,000
Total operating and administrative expenses$555,212$490,396$64,000
Contributions, gifts, grants paid$500,000
Excess of revenue over expenses and disbursements$-110,790
Net investment income$432,792
Adjusted net income$477,538
Balance Sheets (for 2012)
Book ValueFair Market Value
Total assets$17,519,384$19,816,663
Cash - non-interest-bearing$150,826
Investments-U.S. and state government obligations$452,341
Investments-corporate stock$9,387,151
Investments-corporate bonds$1,513,736
Investments-mortgage loans$0
Investments-other$3,818,212
Other$2,197,118
Total liabilities$0
Total liabilities and net assets/fund balances$17,519,384
Capital Gains and Losses for Tax on Investment Income (for 2012)
Capital gain net income$483,852
Net capital loss$0
Excise Tax Based on Investment Income (for 2012)
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)No
Tax based on investment income$8,656
Total credits and payments$20,000
2012 estimated tax payments and 2011 overpayment credited to 2012$20,000
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$200
Tax due$0
Overpayment$11,144
Amount to be credited to 2013 estimated tax$11,144
Statements Regarding Activities (for 2012)
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 2012 or the taxable year beginning in 2012?No
Statements Regarding Activities for Which Form 4720 May Be Required (for 2012)
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?Yes
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 2012, did the foundation have any undistributed income for tax year(s) beginning before 2012?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 2012)
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes$19,861,892
Net value of noncharitable-use assets$19,563,960
Minimum investment return$978,198
Distributable Amount (for 2012)
Distributable amount$969,542
Undistributed Income (for 2012)
Distributable amount for 2012$969,542
Undistributed income for 2012. This amount must be distributed in 2013$695,850
Private Operating Foundations (for 2012)
2012201120102009Total
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
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Van Andel Institute333 Bostwick Ave Ne, Grand Rapids, MI 49503-2518MI1997-08$2,421,424,778
2Columbia Lutheran Charities, Columbia Memorial Hospital2111 Exchange St, Astoria, OR 97103-3329OR1976-07$73,215,117
3Buttonwood Foundation Inc11 Wall St 21st Fl, New York, NY 10005-1905NY1964-08$2,664,142
4Elk Regional Health System763 Johnsonburg Rd, St Marys, PA 15857-3417PA1994-12$1,615,248
5Lauritz Melchior Helden Tenor Foundation2403 Windrow Dr, Princeton, NJ 08540-5019NJ1964-10$1,329,825
6Leonard And Jerry Greenbaum Family Foundation Inc1440 Spring St Nw, Atlanta, GA 30309-2832GA1991-01$973,740
7Nagda Foundation Inc150 Se 17th St Suite 400, Ocala, FL 34471FL1992-07$101,423
8Mark Schulman And Esther Schulman Foundation6505 Wilshire Blvd Ste 1200, Los Angeles, CA 90048-4960CA1990-02$3,105
9Harrison Family Foundation1800 Flowerdew Hundred Rd, Hopewell, VA 23860-8556VA1995-03$17,005,799
10Kellar Family FoundationPO BOX 3547, Manassas, VA 20108-0964VA1997-04$10,147,771
11Institute For Shipboard Education Foundation2410 Old Ivy Rd, Charlottesvle, VA 22903-4827VA1997-08$5,655,337
12Beverly W And Hampton O Powell Charitable Foundation199 Buck Dr, Hardy, VA 24101-5701VA1995-12$4,769,499
13Lucille And Bruce Lambert Charitable Foundation Inc2100 Powhatan St, Falls Church, VA 22043-1940VA1998-12$4,515,339
14Klaassen Family Private Foundation, Klaassen Paul J Ttee7900 Westpark Dr Ste A040, Mclean, VA 22102-4255VA1997-06$2,413,030
15Fannie Milton And Leslie Friedman Family Foundation332 College Pl, Norfolk, VA 23510-1225VA1996-03$1,811,932
16Malek Family Charitable Trust, Malek Frederic V Ttee1259 Crest Ln, Mclean, VA 22101-1837VA1995-06$1,206,143
17Cornelius J Coakley Family Foundation Inc7732 Lee Hwy, Falls Church, VA 22042-7735VA1998-02$1,012,499
18Ida C And Morris Falk FoundationPO BOX 2429, Fairfax, VA 22031-0429VA1997-08$988,372
19Dixon Hughes Goodman Foundation Inc701 Town Center Dr Ste 700, Newport News, VA 23606-4295VA1997-06$945,916
20Friendship Foundation367 Hershberger Rd, Roanoke, VA 24012-1983VA1989-02$861,160
Number of organizations performing similar types of work
Alabama57
Arkansas13
Arizona25
California194
Colorado52
Connecticut33
District of Columbia19
Delaware17
Florida265
Georgia95
Hawaii12
Iowa17
Idaho7
Illinois126
Indiana58
Kansas19
Kentucky18
Louisiana33
Massachusetts75
Maryland77
Maine8
Michigan100
Minnesota45
Missouri17
Mississippi18
Montana7
North Carolina122
North Dakota2
Nebraska18
New Hampshire11
New Jersey112
New Mexico4
Nevada17
New York230
Ohio138
Oklahoma29
Oregon20
Pennsylvania166
Rhode Island22
South Carolina27
South Dakota2
Tennessee51
Texas160
Utah24
Virginia74
Vermont8
Washington23
Wisconsin52
West Virginia16
Wyoming7
International2
Total2,744

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