Lucky Seven Foundation in Seattle, Washington (WA)

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Lucky Seven Foundation
Employer Identification Number (EIN)911722000
Name of OrganizationLucky Seven Foundation
In Care of NameJohn T Backus Pres
Address3414 Ne 55th St, Seattle, WA 98105-2310
ActivitiesGifts, grants, or loans to other organizations
SubsectionCharitable Organization
Ruling Date02/1997
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2011
Assets$10,000,000 to $49,999,999
Income$1,000,000 to $4,999,999
Filing Requirement990 - Not required to file (all other) (990-PF required)
Asset Amount$27,121,345
Amount of Income$2,432,760
Form 990 Revenue Amount$688,267
National Taxonomy of Exempt Entities (NTEE)Philanthropy, Voluntarism and Grantmaking Foundations: Private Grantmaking Foundations

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Amount of income in 2011: $2,432,760 (it was $5,206,484 in 2011)
This organization: 

Other organizations performing similar types of work: 


Assets in 2011: $27,121,345 (it was $27,194,163 in 2011)
Lucky Seven Foundation: 

Other organizations performing similar types of work: 


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$860,106$983,098$0
Contributions, gifts, grants, etc., received$0
Interest on savings and temporary cash investments$0
Dividends and interest from securities$1,009,460
Gross rents$0
Gross profit from sales of goods$0
Other income$77,812
Total expenses and disbursements$1,671,272$113,312$0$1,535,719
Compensation of officers, directors, trustees, etc.$0
Total operating and administrative expenses$213,312$113,312$77,759
Contributions, gifts, grants paid$1,457,960
Excess of revenue over expenses and disbursements$-811,166
Net investment income$869,786
Adjusted net income$0
Balance Sheets (for 2011)
Book ValueFair Market Value
Total assets$27,194,163$27,189,779
Cash - non-interest-bearing$0
Investments-U.S. and state government obligations$2,925,987
Investments-corporate stock$14,689,107
Investments-corporate bonds$6,285,471
Investments-mortgage loans$664,039
Total liabilities$0
Total liabilities and net assets/fund balances$27,194,163
Capital Gains and Losses for Tax on Investment Income (for 2011)
Capital gain net income$0
Net capital loss$-227,166
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$8,698
Total credits and payments$29,300
2011 estimated tax payments and 2010 overpayment credited to 2011$29,300
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
Amount to be credited to 2012 estimated tax$9,000
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?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 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$26,332,070
Net value of noncharitable-use assets$25,937,080
Minimum investment return$1,296,854
Distributable Amount (for 2011)
Distributable amount$1,293,156
Undistributed Income (for 2011)
Distributable amount for 2011$1,293,156
Undistributed income for 2011. This amount must be distributed in 2012$339,335
Private Operating Foundations (for 2011)
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
1The City College 21st Century Foundation Inc138th Street And Convent Avenue, New York, NY 10031NY1997-03$86,641,569
2Center For Inquiry Development Fund3965 Rensch Rd, Amherst, NY 14228-2743NY1998-12$10,791,389
3Chapel Hill Training Outreach Project Inc800 Eastowne Dr Ste 105, Chapel Hill, NC 27514-2215NC1993-05$8,975,022
4Ziering Family Foundation6505 Wilshire Blvd Ste 1200, Los Angeles, CA 90048-4960CA1996-06$3,505,573
5Our Lady Of Divine Providence House Of Prayer Foundation Inc711 S Bayview Ave, Clearwater, FL 33759-4251FL1994-08$283,880
6Bill & Melinda Gates Foundation TrustPO BOX 23350, Seattle, WA 98102-0650WA1995-04$31,508,537,846
7Islands Foundation, Islands Fund6523 California Ave Sw, Seattle, WA 98136-1833WA1995-06$48,545,597
8Ray Hickey FoundationPmb 19316420 Se Mcgillivray Ste 103, Vancouver, WA 98683WA1998-10$7,158,585
9444 S Foundation, Roush G James TteePO BOX 1128, Bellevue, WA 98009-1128WA1998-12$6,678,823
10Edwards Mother Earth FoundationPO BOX 16225, Seattle, WA 98116-0225WA1997-05$5,805,384
11Neukom Family Foundation925 4th Ave Ste 2900, Seattle, WA 98104-1158WA1997-04$5,309,473
12Burning FoundationPO BOX 15275, Seattle, WA 98115-0275WA1998-08$4,497,444
13Pendleton And Elizabeth Carey Miller Charitable FoundationPO BOX 77377, Seattle, WA 98177-0377WA1997-01$4,366,869
14Cameron Foundation C/O Gerry B Cameron1701 Se Lieser Point Rd, Vancouver, WA 98664-2326WA1997-12$2,915,727
15Eleanor And Henry Jansen FoundationPO BOX 5641, Bellingham, WA 98227-5641WA1996-08$2,576,097
16Lucky Seven Foundation3414 Ne 55th St, Seattle, WA 98105-2310WA1997-02$2,432,760
17Geoffrey & Lynne Picard Family Foundation1105 Shenandoah Dr E, Seattle, WA 98112-3725WA1998-12$2,327,594
18June & Julian Foss Foundation10121 115th St Sw, Lakewood, WA 98498-1615WA1997-10$1,872,703
19Lanterman Foundation221 1st Ave W Ste 108, Seattle, WA 98119-4223WA1997-07$1,800,514
20Raven Trust Fund1000 Second Ave 3700, Seattle, WA 98104WA1998-03$1,593,312
Number of organizations performing similar types of work
District of Columbia24
North Carolina135
North Dakota2
New Hampshire17
New Jersey210
New Mexico24
New York530
Rhode Island33
South Carolina40
South Dakota12
West Virginia9
Total5,243 is not associated with, endorsed by, or sponsored by Lucky Seven Foundation and has no official or unofficial affiliation with Lucky Seven Foundation