Liabilities / Assets
76th percentile
Higher debt load relative to assets than 76% of similar nonprofits.
Michael H Ludwig Memorial Foundation
990EZ • Fiscal year 2013 • EIN 26-1515562
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.01x
Liabilities / Revenue
96th percentile
Higher debt load relative to revenue than 96% of similar nonprofits.
Net Margin
83rd percentile
Higher net margin than 83% of similar nonprofits.
Top Officer Pay
86th percentile
Higher top officer pay than 86% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
52nd percentile
Faster asset growth than 52% of similar nonprofits.
Revenue Growth
5th percentile
Faster revenue growth than 5% of similar nonprofits.
Balance Sheet
Assets
Up$438,014
Up $9,127 (+2.1%) from 2012
Net Assets
Up$433,014
Up $4,127 (+1.0%) from 2012
Liabilities
Up$5,000
Up $5,000 from 2012
Revenue And Expenses
Revenue
Down$9,160
Down $43,349 (-83%) from 2012
Expenses
Down$5,033
Down $47,822 (-90%) from 2012
Net Income
Up$4,127
Up $4,473 (+1293%) from 2012
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2013 to Dec 31, 2013
- Signed
- Nov 12, 2014
- Return Version
- 2013v3.0
- Gross Receipts
- $12,040
Mission and Program Overview
Mission
Provide funding for medical research related to congenital heart conditions in children
Program Services
| Description | Grants | Expenses |
|---|---|---|
| PROVIDE FUNDING FOR RESEARCH EQUIPMENTRELATED TO CONGENITAL HEART CONDITIONS IN CHILDREN | $5,000 | $0 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| LISA NELSON LUDWIG | Director, President & Secr | - | $0 | - | - |
| EDMUND V LUDWIG JR | Director, Treasurer | - | $0 | - | - |
Filing and Contact Details
Filer
- EIN
- 26-1515562
- Phone
- 9147771886
Signing Officer
- Name
- Lisa Nelson Ludwig
- Title
- President
- Phone
- 9147771886
- Signed
- 2014-11-12
Preparer
- Preparer
- Ford Levy
- Phone
- 9146810400
Supplemental Narrative
Additional Explanations
Form 990-EZ, Part I, Line 4 - Other Investment Income
“Description: BANK INTEREST. Amount: 863.”
Form 990-EZ, Part I, Line 8 - Other Revenue
“Description: DELAWARE TAX REFUND. Amount: 131.”
Form 990-EZ, Part I, Line 10 - Grants and Similar Amounts Paid
“Activity Classification: CLINICAL RESEARCH. Grantee Name: CONGENITAL HEARTS SURGEONS' SOCIETY. Grantee Address: 500 CUMMINGS CENTER BEVERLY, MA 01915. Date of Gift: 12/26/13. Amount Given: 5000. Total included on Form 990-EZ, line 10: 5000.”
Form 990-EZ, Part I, Line 16 - Other Expenses
“Description: PAYPAL FEES. Amount: 33.”
Form 990-EZ, Part II, Line 26 - Other Liabilities
“Description: DONATION PAYABLE. Beg. of Year Amount: 0. End of Year Amount: 5000.”
Raw XML Appendix171 raw XML fields
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | 0 |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | LISA NELSON LUDWIG |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 9147771886 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1 | 0 | ONE WELL HOUSE CLOSE |
| IRS990EZ/BooksInCareOfDetail/USAddress/City | 0 | MAMARONECK |
| IRS990EZ/BooksInCareOfDetail/USAddress/State | 0 | NY |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCode | 0 | 10543 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 428887 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 438014 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | 0 |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 2341 |
| IRS990EZ/DirectIndirectPltclExpendAmt | 0 | 0 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | 0 |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | 4127 |
| IRS990EZ/FiledScheduleAInd | 0 | 1 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | 0 |
| IRS990EZ/ForeignOfficeInd | 0 | 0 |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 428887 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 438014 |
| IRS990EZ/FundraisingGrossIncomeAmt | 0 | 8705 |
| IRS990EZ/GrantsAndSimilarAmountsPaidAmt | 0 | 5000 |
| IRS990EZ/GrossReceiptsAmt | 0 | 12040 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartVInd | 0 | X |
| IRS990EZ/InvestmentIncomeAmt | 0 | 863 |
| IRS990EZ/LobbyingActivitiesInd | 0 | 0 |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | 0 |
| IRS990EZ/MethodOfAccountingAccrualInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 428887 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 433014 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 428887 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 433014 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | LISA NELSON LUDWIG |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | EDMUND V LUDWIG JR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | DIRECTOR, PRESIDENT & SECR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | DIRECTOR, TREASURER |
| IRS990EZ/OperateHospitalInd | 0 | 0 |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | 0 |
| IRS990EZ/OrganizationHadUBIInd | 0 | 0 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 33 |
| IRS990EZ/OtherRevenueTotalAmt | 0 | 131 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | 0 |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | PROVIDE FUNDING FOR MEDICAL RESEARCH RELATED TO CONGENITAL HEART CONDITIONS IN CHILDREN |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | PROVIDE FUNDING FOR RESEARCH EQUIPMENTRELATED TO CONGENITAL HEART CONDITIONS IN CHILDREN |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 0 | 5000 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 0 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SchoolOperatingInd | 0 | 0 |
| IRS990EZ/SpecialEventsDirectExpensesAmt | 0 | 2880 |
| IRS990EZ/SpecialEventsNetIncomeLossAmt | 0 | 5825 |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | NY |
| IRS990EZ/SubjectToProxyTaxInd | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 5000 |
| IRS990EZ/TanningServicesProvidedInd | 0 | 0 |
| IRS990EZ/TaxImposedOnOrganizationMgrAmt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4911Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4912Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4955Amt | 0 | 0 |
| IRS990EZ/TaxReimbursedByOrganizationAmt | 0 | 0 |
| IRS990EZ/TotalExpensesAmt | 0 | 5033 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 0 |
| IRS990EZ/TotalRevenueAmt | 0 | 9160 |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | 0 |
| IRS990EZ/TypeOfOrganizationOtherInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | N/A |
| IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt | 0 | 2472 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt | 0 | 28628 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 16406 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 6769 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 63540 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt | 0 | 117815 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt | 0 | 863 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt | 0 | 1436 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 2204 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 3255 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 5897 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt | 0 | 13655 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt | 0 | 8705 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt | 0 | 26466 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt | 0 | 19934 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt | 0 | 21825 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt | 0 | 17488 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt | 0 | 94418 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt | 0 | 863 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt | 0 | 1436 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt | 0 | 2204 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt | 0 | 3255 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt | 0 | 5897 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt | 0 | 13655 |
| IRS990ScheduleA/InvestmentIncomeCYPct | 0 | 0.06050 |
| IRS990ScheduleA/InvestmentIncomePYPct | 0 | 0.02950 |
| IRS990ScheduleA/PubliclySupportedOrg509a2Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY509Pct | 0 | 0.93950 |
| IRS990ScheduleA/PublicSupportPY509Pct | 0 | 0.97050 |
| IRS990ScheduleA/PublicSupportTotal509Amt | 0 | 212233 |
| IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind | 0 | X |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt | 0 | 11177 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt | 0 | 55094 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 36340 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 28594 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 81028 |
| IRS990ScheduleA/Total509Grp/TotalAmt | 0 | 212233 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt | 0 | 12040 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt | 0 | 56530 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt | 0 | 38544 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt | 0 | 31849 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt | 0 | 86925 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt | 0 | 225888 |
| IRS990ScheduleG/FundraisingEventInformationGrp/NameOfEvent1Amt | 0 | MARATHON |
| IRS990ScheduleG/FundraisingEventInformationGrp/NameOfEvent2Amt | 0 | BIKEATHON |
| IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt | 0 | 1 |
| IRS990ScheduleG/SpecialFundraisingEventsInd | 0 | X |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | Description: BANK INTEREST. Amount: 863. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | Description: DELAWARE TAX REFUND. Amount: 131. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | Activity Classification: CLINICAL RESEARCH. Grantee Name: CONGENITAL HEARTS SURGEONS' SOCIETY. Grantee Address: 500 CUMMINGS CENTER BEVERLY, MA 01915. Date of Gift: 12/26/13. Amount Given: 5000. Total included on Form 990-EZ, line 10: 5000. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | Description: PAYPAL FEES. Amount: 33. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | Description: DONATION PAYABLE. Beg. of Year Amount: 0. End of Year Amount: 5000. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Form 990-EZ, Part I, Line 4 - Other Investment Income |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Form 990-EZ, Part I, Line 8 - Other Revenue |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Form 990-EZ, Part I, Line 10 - Grants and Similar Amounts Paid |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Form 990-EZ, Part I, Line 16 - Other Expenses |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Form 990-EZ, Part II, Line 26 - Other Liabilities |
| TransferPrsnlBnftContractsDecl/DeclarationDesc | 0 | The organization did not, during the year, receive any funds, directly,or indirectly, to pay premiums on a personal benefit contract.The organization, did not, during the year, pay any premiums, directly,or indirectly, on a personal benefit contract. |
| ReturnHeader/BuildTS | 0 | 2015-11-30 17:44:51Z |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | LISA NELSON LUDWIG |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 9147771886 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2014-11-12 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1 | 0 | THE MICHAEL H LUDWIG MEMORIAL FOUNDATION |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | MICH |
| ReturnHeader/Filer/EIN | 0 | 261515562 |
| ReturnHeader/Filer/PhoneNum | 0 | 9147771886 |
| ReturnHeader/Filer/USAddress/AddressLine1 | 0 | ONE WELL HOUSE CLOSE |
| ReturnHeader/Filer/USAddress/City | 0 | MAMARONECK |
| ReturnHeader/Filer/USAddress/State | 0 | NY |
| ReturnHeader/Filer/USAddress/ZIPCode | 0 | 10543 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 131302847 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1 | 0 | MAXWELL SHMERLER & CO |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1 | 0 | 11 MARTINE AVENUE |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City | 0 | WHITE PLAINS |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State | 0 | NY |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode | 0 | 10606 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 9146810400 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2014-11-12 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | Ford Levy |
| ReturnHeader/ReturnTs | 0 | 2014-11-14T13:51:47-06:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2013-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2013-12-31 |
| ReturnHeader/TaxYr | 0 | 2013 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2013 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $438,014
- Liabilities
- $5,000
- Net assets
- $433,014
- Revenue
- $9,160
- Expenses
- $5,033
- Net income
- $4,127