Return of Organization Exempt from Income
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.~ t OMB No 1545-0047 Form 990 Return of Organization Exempt from Income Tax Under section 501(c), 527, or 4947(axl) of the Internal Revenue Code -oo (except black lung benefit trust or private foundation) Department of the Treasury Open to Public Inspection Internal Revenue Service ~ The organization may have to use a copy of this return to satisfy state reporting requirements. ~ A For the 2004 calendar ear, or tax ear beginning , 2004, and ending , B Check if applicable C Name of organization D Employer Identification Number Address change P~RSiebei LITHUANIAN FOUNDATION 36-6118312 or p not Name change or type. Number and street (or P O box i( mail is not delivered to street addr) Room/style E Telephone number Initial return specific 19 911 W 127TH STREET (630) 257-1616 mstruc- F A«ountmg Final return lions. City, town or country State ZIP code + 4 method : u Cash Accrual Amended return LEMONT I L 60439 Other (specify) 0' Application pending " Section S01(CX3) organizations and 4947(ax1) nonexempt H and l are not applicable to section 527 organizations charitable trusts must attach a complete d Sc h edule A H (a) is this a group return for attiliates7 ~ Yes No (Form 990 or 990-EZ). 191 H (b) If 'Yes,' enter number of affiliates " G Web site: 01 N/A H (C) Are all affiliates included? Yes No J Organization n (If 'No,' attach a list See instructions ) (check onl y one) ~ IJ 501(c) 3 '4 (insert no) Ll 4947(a)(1) or Lj 527 H (d) is this a separate return tiled by a~ K Check here ~ if the organization's gross receipts are normally not more than organization covered by a group ruling " n Yes $25,000 The organization need not file a return with the IRS ; but If the organization n No received a Form 990 Package in the mail, it should file a return without financial data Group Exemption Number Some states require a corripiete return . Check 1, if the organization is not required L Gross receipts Add lines 6b, 8b, 9b, and 10b to line 12" 1, 636, 100 . I to attach Schedule B (Form 990, 990-EZ, or 990-PFD Revenue Expenses, and Changes in Net Assets or Fund Balances (se Instructs 1 Contributions, gifts, grants, and similar amounts received a Direct public support 1 a b Indirect public support 1 b c Government contributions (grants) 1 c d Total (add lines 1a through lc) (cash $ noncash $ ) 1d 689, 999 . 2 Program service revenue including government fees and contracts (from Part VII, line 93) 2 3 Membership dues and assessments 3 4 Interest on savings and temporary cash investments 4 20,978 . 5 Dividends and interest from securities 5 326, 867 . 6a Gross r -1~ I 6a 22,297 . b Less r tat exRrEs s°EIVED 6b c Net ren I i come o 6b from line 6a) 6c 22,297 . 8 E 7 Other s ~ me~n~ +pFoge,(de,~Hl~e ~ 7 V LUIJ~ ~ (A) Securities Other 8a Gross a nt from sales of assets than in -nt, q/ ------- 8a b Less c st or ~t ~'r. rsNd UTs exp rises 8b c Gain or (I 198, 467 . 8c 397,508 . d Net gain or (loss) (combine line 8c, columns (A) and (B)) 8dl 595,975 . 111- 9 Special events and activities (attach schedule) If any amount is from gaming, check here 11 a Gross revenue (not including $ of contributions reported on line la) 9a 11,065 . b Less direct expenses other than fundraising expenses 9b c Net income or (loss) from special events (subtract line 9b from line 9a) 9c 11,065 . 10a Gross sales of inventory, less returns and allowances l0a Q b Less cost of goods sold 10 b (subtract line 10b from line l0a) 10c O c Grass profit or (loss) from sales of inventory (attach schedule) 11 Other revenue (from Part VII, line 103) 11 19, 419 . 12 Total revenue (add lines l d, 2, 3, 4, 5, 6c, 7, 8d, 9c, lOc, and 11) 12 1,636, 100 . E 13 Program services (from line 44, column (B)) 13 1,004, 636 . X 14 Management and general (from line 44, column (C)) 14 71, 587 . P Fundraising (from line 44, column (D)) 15 51, 228 . NE 15 to affiliates (attach schedule) 16 ES 16 Payments S 17 Total expenses (add lines 16 and 44, column (A)) 17 1, 127, 951 . A 18 Excess or (deficit) for the year (subtract line 17 from line 12) 18 508 649 . N S 19 Net assets or fund balances at beginning of year (from line 73, column (A)) 19 13,068,010 . T T 20 Other changes in net assets or fund balances (attach explanation) 20 S 21 Net assets or fund balances at end of year (combine lines 18, 19, and 20) 121 1 13, 576, 659 . BAA For Privacy Act and Paperwork Reduction Act Notice, see the separate instructions . TEEA0101 01/07/05 Form 990 (2004) Form 990,(2004) LITHUANIAN FOUNDATION 36-6118312 Page 2 Pert ~I Statement of Functional Expenses All organizations must complete column (A) Columns (B), (C), and (D) are required for section 501(c)(3) and 4) organizations and section 4947(a)(1) nonexempt charitable trusts but optional for others Do not include amounts reported on line (B) Program (C) Management 66, 86, 96, 106, or 16 of Part I (A) Total services and general ~D) Fundraising 22 Grants and allocations (att sch) (cash $ 871, 922 . non-cash $ ) 22 871 922 . 871, 922 . 23 Specific assistance to individuals (att sch) 23 0 . 0 . 24 Benefits paid to or for members (att sch) 24 0 . 0 . 25 Compensation of officers, directors, etc 25 37, 681 . 18 942 . 16, 630 . 2, 109 . 26 Other salaries and wages 26 26 881 . 13, 512 . 11, 864 . 1,505 . 27 Pension plan contributions 27 0 . 0 . 0 . 0 . 28 Other employee benefits 28 501 . 252 . 221 . 28 . 29 Payroll taxes 29 7,740 . 3, 891 . 3, 416 . 933 . 30 Professional fundraising fees 30 0 . 0 . 0 . 0 . 31 Accounting fees 31 9, 000 . 4 , 524 . 3 972 . 504 . 32 Legal fees 32 6 986 . 3 512 . 3, 083 . 391 . 33 Supplies 33 7, 799 . 3 920 . 3, 442 . 937 . 34 Telephone 34 2 , 055 . 1 1 033 . 907 . 115 . 35 Postage and shipping 35 3, 102 . 1,559 . 1, 369 . 174 . 36 Occupancy 36 19 150 . 7, 113 . 6 , 245 . 792 . 37 Equipment rental and maintenance 37 189 . 95 . 83 . 11 . 38 Printing and publications 38 8,796 . 9, 422 . 3, 882 . 492 . 39 Travel 39 1, 850 . 930 . 816 . 109 . 40 Conferences, conventions, and meetings 40 21, 035 . 10, 574 . 9 284 . 1, 177 . 41 Interest 41 42 Depreciation, depletion, etc (attach schedule) 42 1 828 . 0 . 1, 828 . 0 . 43 Other expenses not covered above (itemize) a BANK FEES 43a 197 . 74 . 65 . 8 . b INVESTMENT COUNSEL FEE 43b 53 , 258 . 53 , 258 . 0 . 0 . c INTERNET EXPENSE 43c 288 . 195 . 127 . 16 . d PROMOTIONAL 43d 27 , 426 . 0 . 0 . 27,426 . e See Other Expenses Stmt _ _ _ 43e 24,817 . 4 , 958 . 9 353 . 15 , 506 . 44 Total functional expenses (add lines 22 . 43) Organizations completing columns (B) - (D), carry these totals tolines l3-15 44 1, 127, 451 . 1, 004 636 . 71 587 . 51,228 . Joint Costs. Check 11~u if you are following SOP 98-2 Are any joint costs from a combined educational campaign and fundraising solicitation reported in (B) Program services ~~ Yes E] No If 'Yes,' enter (i) the aggregate amount of these point costs $ , (ii) the amount allocated to Program services $ , (iii) the amount allocated to Management and general $ , and (iv) the amount allocated to Fundraising $ What is the organization's primary exempt purpose? ~ FUNDING CULTURAL & EDUCATIONAL ACTIVITIES Program Service Expenses (Re u~red roe 501(c>(3) aid All organizations must describe their exempt purpose achievements in a clear and concise manner State the number of ~) organizations and clients served, publications issued etc. Discuss achievements that are not measurable (Section 501(c) (3) & (4) organ- ~9a7(a>(i) vusts, tit izations and 4947(a)(1) nonexempt charitable trusts must also enter the amount of grants & allocations to others ~ optional for others ) a THE FOUNDATION IS ORGANIZED TO SUPPORT & PROMOTE ALL EFFORTS FOR RESEARCH OF LITHUANIAN AMERICAN HERITAGE -ESPECIALLY- LITHUANIAN -- LANGUAGE _ & CULTURE INCLUDING GRANTS TO US UNIVERSITY STUDENTS (Grants and allocations $ 871,922 . ) 1 , 004 , 636~ b ------------------------------------------------------ (Grants and allocations $ ) c ------------------------------------------------------ ------------------------------------------------------ (Grants and allocations $ ) d ------------------------------------------------------ ------------------------------------------------------ Grants and allocations $ e Other program services (Grants and allocations $ ) f Total of Program Service Expenses (should equal line 44, column (B), Program services) 0. 1,004, 636 . BAA TEEaoio2 oiio7ios Form 990 (2004) Form 990 (2004) LITHUANIAN FOUNDATION 36-6118312 Page 3 AarflffBalance Sheets (See Instructions) Note: Where required, attached schedules and amounts within the descnption column should be for end-of-year amounts only Beginning of year End of year 45 Cash - non-interest-bearing 100 . 45 46 Savings and temporary cash investments 1,289, 925 . 46 1 , 727,564 . 47a Accounts receivable 47a b Less: allowance for doubtful accounts 47b 0 . 47c 48a Pledges receivable 48a bLess~ allowance for doubtful accounts 48b 48c 49 Grants receivable 49 50 Receivables from officers, directors, trustees, and key s employees (attach schedule) 50 E 51 a Other notes & loans receivable (attach sch) 51 a s b Less' allowance for doubtful accounts 51 b 51 c 52 Inventories for sale or use 106, 900 . 52 38,758 . 53 Prepaid expenses and deferred charges 878 .