2024-05-09T17:40:24-07:00 2023-03-31 330381007 Kho & Patel 160 E Arrow Highway San Dimas CA 91773 990 2022-07-01 237281843 Pasadena Host Lions Club Memorial Trust PASA 6263585709 PO Box 364 Pasadena CA 91102 Kirit M Dav Treasurer 2024-05-09 true Kirit M Dav 999009999 true Roger Rossmeisl CPA P00096494 9099711000 2 AAL1 IAL1 FAL1 2022 2023-04-26 12:10:37Z X X PO Box 364 Pasadena CA 911020364 326068 false X www.pasadenahostlionsclub.org X 1973 CA The purpose of the charitable trust is to devote and supply the income from the trust fund and principal exclusively for charitable purposes or for the betterment and welfare of children or of handicapped persons, particularly persons handicapped in sight or hearing, either directly or by contributions to organizations duly authorized to carry on such activities and which have established their tax-exempt status under the provisions of 501(c)(3) and 501(c)(4) of the Internal Revenue Code and its regulations. X 5 4 0 5 0 352 0 0 99888 35125 0 100240 35125 81196 63815 0 0 0 0 33199 48659 114395 112474 -14155 -77349 2102730 0 0 2102730 0 The purpose of the charitable trust is to devote and supply the income from the trust fund and principal exclusively for charitable purposes or for the betterment and welfare of children or of handicapped persons, particularly persons handicapped in sight or hearing, either directly or by contributions to organizations duly authorized to carry on such activities and which have established their tax-exempt status under the provisions of 501(c)(3) and 501(c)(4) of the Internal Revenue Code and its regulations. false false 63815 63815 Distributions made to various organizations or individuals for health, education, and other assistance of children and handicapped persons. See statement of qualifications for recipients. 63815 true false false false false false false false false true false false false false false true false false false false false false false false false false false true false false false false false false false false false false false false true false false true false false false true 1 0 true 0 false false false false false false false 0 false false false false false false false X 5 4 false false false false false false false true false false false true true true true true true false false false CA X Kirit Dav 6268269202 PO Box 364 Pasadena CA 91102 X Donna Pomerantz Director 1.00 0.00 X 0 0 0 Jhoana Hirasuna Director 1.00 0.00 X 0 0 0 Kirit M Dav Treasurer 1.00 0.00 X X 0 0 0 Mitchell Pomerantz Secretary 1.00 0.00 X X 0 0 0 Ronald C Bailey Chairman 1.00 0.00 X X 0 0 0 0 false false false 0 0 0 82081 82081 0 0 0 243987 290943 -46956 -46956 -46956 0 0 0 0 35125 -46956 82081 63815 63815 0 0 0 0 0 0 0 0 0 0 20900 20900 8000 8000 0 0 16575 16575 0 0 0 0 0 0 0 0 802 802 0 0 0 1674 1674 Charters 600 600 Fees 75 75 Foreign Taxes Paid 33 33 0 112474 63815 48659 0 27660 0 0 0 0 0 0 0 0 0 0 2075070 0 0 0 0 0 2102730 0 0 0 X 2102730 2102730 0 2102730 0 X -77349 85302 -2110683 X true X false true false X X 1 Pasadena Host Lions Club 956047661 10 false 0 0 1 0 true false true true true false false true false false false false false false false false false true false Support Schedule: Additional Supplemental Information The articles of the organization require that it be operated to benefit organizations closely related in purpose or function to the supported organization, are tax-exempt under IRC Sections 501(C)(3) and 501(C)(4) and provide charitable services either directly or by contributions to organizations duly authorized to carry on such activities for the betterment for children or the welfare of handicapped persons. Part IV, Section A, Line 3b: Description Of When and How Organization Made The Determination The organizations has a non-voting board member as a part of its board and the supported organization's board resulting in access to it's organizing documents and is updated on it's qualifying status as members of the supported organization. Part IV, Section A, Line 3c: Explain What Controls The Organization Put In Place As members of the supported organization the board in it's fiduciary capacity to the trust has the obligation of assuring that all funds used for support are only for qualified purposes. Supported organizations are vetted by the charitable trusts board and payments are made directly to the organizations that qualify on behalf of the supported organization. Part IV, Section A, Line 6: Description Of Grants Or Provided Benefits To Others The organization supports the efforts of the supported organization by providing grants to other qualified organizations and individuals providing services aligned with the exempt purposes of the supported organization. 2102730 120427 63815 48659 2110683 2287986 352 -71213 81196 33199 2102730 1992121 5302 422754 109231 22960 2287986 2317596 -170215 121070 34190 1992121 2281789 128379 76025 16547 2317596 false true true X Part V, Line 4: Intended uses of the endowment fund. Property transferred to the trust by any donor restricted by the donor or not for any purpose is held and managed by the board of trustees as principal of the trust and managed, administered and disposed of by the trust to generate income to be used for distributions made to various organizations or individuals for health, education, and other assistance of children and handicapped persons. Part X : FIN48 Footnote The trust evaluates uncertain tax positions whereby the effect of the uncertainty would be recorded if the outcome was considered probable and reasonably estimate-able. Occasionally, the trust is exposed to unrelated business income (UBI) from investments in certain publicly traded pass-through entities. As of June 30, 2018, the trustees determined no uncertain tax positions requiring accrual or more likely than not be sustained upon audit or examination. Additionally, there was no special event revenue or gaming revenue. The trust files tax returns in California and U.S. Federal Jurisdictions. The trust is no longer subject to U.S. or state examinations by authorities for generally three and four years, respectively. false Academy of Music 4 the Blind 156 N Primrose Ave Monrovia CA 91016 201148737 8000 0 1-on-1 teaching to students Assistance League of Pasadena 820 E California Blvd Pasadena CA 91106 951891341 7500 0 School supplies for underprivileged Salvation Army 180 E Ocean Blvd Long Beach CA 90802 132485289 8000 0 School supplies for underprivileged So Cal Beep Baseball Assoc 305 E California Blvd 19 Pasadena CA 91106 871527414 7000 0 Assist visually impaired to travel Walter Hoving Home 127 S El Molino Ave Pasadena CA 91101 132753267 6000 0 Rebuild shattered lives of women 5 0 Additional Supplemental Information The board of directors of the Pasadena Host Lions Memorial Trust utilizes an application process and assesses the need for the funds by the applicant and carefully investigates all requests for the ability to produce a desired outcome as educational, recreational and health assistance and social services for blind and hearing impaired and financially disadvantaged children. If other programs or services are readily available to fulfill the applicants referrals are made to seek services from the available providers of assistance. 002700.000 Altria Group Inc 2023-03-21 124740 Quoted Price in Mkt 956047661 PO Box 364 Pasadena CA 91102 501(c)(4) 010246.330 American Funds American Balanced F3 2023-03-21 296631 Quoted Price in Mkt 956047661 PO Box 364 Pasadena CA 91102 501(c)(4) 000500.000 Chevron Corp 2023-03-21 79655 Quoted Price in Mkt 956047661 PO Box 364 Pasadena CA 91102 501(c)(4) 000499.520 Health Care Select Sector SPDR ETF 2023-03-21 63804 Quoted Price in Mkt 956047661 PO Box 364 Pasadena CA 91102 501(c)(4) 001506.000 IShares Edge MSCI Min Vol USA 2023-03-21 106745 Quoted Price in Mkt 956047661 PO Box 364 Pasadena CA 91102 501(c)(4) 001200.000 Philip Morris International Inc 2023-03-21 114840 Quoted Price in Mkt 956047661 PO Box 364 Pasadena CA 91102 501(c)(4) 005156.520 American Funds American Mutual F3 2023-03-21 244264 Quoted Price in Mkt 956047661 PO Box 364 Pasadena CA 91102 501(c)(4) 001281.280 First Trust NASDAQ Technology Div ETF 2023-03-21 66626 Quoted Price in Mkt 956047661 PO Box 364 Pasadena CA 91102 501(c)(4) 001570.000 First Trust Dorsey Wright Focus 5 ETF 2023-03-21 69834 Quoted Price in Mkt 956047661 PO Box 364 Pasadena CA 91102 501(c)(4) 000800.000 Invesco DWA Momentum ETF 2023-03-21 59224 Quoted Price in Mkt 956047661 PO Box 364 Pasadena CA 91102 501(c)(4) 000400.000 Elbit Systems Ltd 2023-03-21 69896 Quoted Price in Mkt 956047661 PO Box 364 Pasadena CA 91102 501(c)(4) 000382.000 Nestle SA ADR 2023-03-21 44747 Quoted Price in Mkt 956047661 PO Box 364 Pasadena CA 91102 501(c)(4) 009082.430 American Funds Income Fund of Amer F3 2023-03-21 201448 Quoted Price in Mkt 956047661 PO Box 364 Pasadena CA 91102 501(c)(4) 006800.370 Blackrock High Yield Bond Instl 2023-03-21 45494 Quoted Price in Mkt 956047661 PO Box 364 Pasadena CA 91102 501(c)(4) 959500.000 Ginnie Mae 2 G2SF 002631 7.000 08/20/28 2023-03-21 1667 Quoted Price in Mkt 956047661 PO Box 364 Pasadena CA 91102 501(c)(4) 040000.000 Ginnie Mae 2 GSF 003160 6.000 11/20/31 2023-03-21 216 Quoted Price in Mkt 956047661 PO Box 364 Pasadena CA 91102 501(c)(4) 002000.000 Goldman Sachs 6.750 10/01/37 2023-03-21 2212 Quoted Price in Mkt 956047661 PO Box 364 Pasadena CA 91102 501(c)(4) 093479.000 GVT Ntl Mrtg Asn GNSF 454426 6.000 12/15/33 2023-03-21 836 Quoted Price in Mkt 956047661 PO Box 364 Pasadena CA 91102 501(c)(4) 050000.000 GVT Ntl Mrtg Asn GNSF 637040 5.500 01/15/35 2023-03-21 1398 Quoted Price in Mkt 956047661 PO Box 364 Pasadena CA 91102 501(c)(4) 007541.060 JPMorgan High Yield I 2023-03-21 46378 Quoted Price in Mkt 956047661 PO Box 364 Pasadena CA 91102 501(c)(4) 045000.000 Los Angeles Calif DWP 5.516 07/01/27 2023-03-21 47196 Quoted Price in Mkt 956047661 PO Box 364 Pasadena CA 91102 501(c)(4) 005927.800 PGIM Short Duration High Yield Income Z 2023-03-21 47719 Quoted Price in Mkt 956047661 PO Box 364 Pasadena CA 91102 501(c)(4) 006005.380 Pimco High Yield Instl 2023-03-21 45521 Quoted Price in Mkt 956047661 PO Box 364 Pasadena CA 91102 501(c)(4) 006122.250 Principal High Yield Inst 2023-03-21 38754 Quoted Price in Mkt 956047661 PO Box 364 Pasadena CA 91102 501(c)(4) 003996.870 Virtus Short Dur H Inc Instl 2023-03-21 51600 Quoted Pric in Mkt 956047661 PO Box 364 Pasadena CA 91102 501(c)(4) 001424.980 Giffin Institutional Access Real Est I 2023-03-21 39372 Quoted Price in Mkt 956047661 PO Box 364 Pasadena CA 91102 501(c)(4) 013727.250 Cliffwater Corporate Lending I 2023-03-21 145921 Quoted Price in Mkt 956047661 PO Box 364 Pasadena CA 91102 501(c)(4) 0004.19.23 Currency 2023-03-21 50791 Face Value 956047661 PO Box 364 Pasadena CA 91102 501(c)(4) 0005.01.23 Currency 2023-03-21 3154 Face Value 956047661 PO Box Pasadena CA 91102 501(c)(4) true false false false true false false true false false Sch N, Part III, Additional Information OFFICERS/DIRECTORS OF THE ORGANIZATION BECOMING OFFICERS/DIRECTORS OF THE SUCCESSOR ORGANIZATIONForm 990, Part I, Line 2a-------------------------Kirit DavCurrent Organization - Treasurer/DirectorSuccessor Organization - Treasurer/DirectorMitch PomerantzCurrent Organization - Secretary/DirectorSuccessor Organization - Chairperson/DirectorJhoana HirasunaCurrent Organization - DirectorSuccessor Organization - Secretary/DirectorDonna PomerantzCurrent Organization - DirectorSuccessor Organization - DirectorREASON FOR TERMINATION----------------------With regards to terminations, the Declaration of Trust dated 3/21/73 (attached herewith) indicates the following (paraphrased):20 TERMINATION OF TRUSTThis Trust shall terminate 50 years from the start date (i.e. 3/21/23)21 DISTRIBUTION OF ASSETSOn termination, the principal remaining in the Trust Fund shall be distributed to the Pasadena Lions Club. Form 990, Part VI, Section B, Line 11b At a regularly scheduled board meeting the returns are reviewed and filing issues are discussed with the preparer. Form 990, Part VI, Section B, Line 12c Annually each responsible person is required to review a copy of the conflict of interest policy and to acknowledge in writing that he or she has done so.Each responsible person is required to identify and relationships, positions, or circumstances in which the responsible person is involved that he or she believes could contribute to a conflict of interest.The conflict of interest policy is reviewed by the board with any changes to the policy communicated to all responsible persons. Form 990, Part VI, Section C, Line 19 The organizations governing documents and exempt organizations returns are available upon request to the organization. Form 990, Part XI, Line 9 See Schedule = -$2110683 Schedule N Declaration of Trust which outlines grounds for termination and distribution instructions at 20 and 21, respectively. Statement Note 1 RECONCILIATION OF NET ASSETSOTHER CHANGES IN NET ASSETS OR FUND BALANCES (FORM 990, SCHEDULE XI, LINE 9)$(2,110,683)===========The Declaration of Trust dated 3/21/1973 of Pasadena Host Lions Club Memorial Trust (the Trust) states that the Trust shall terminate 50 years from the start date . . . therefore 3/21/2023 . . . and that, upon termination, the principal remaining in the Trust Fund shall be distributed to the Pasadena Lions Club, a related 501(c)(4) entity. While it is the intention that the Trust continue, and a successor Trust (the Successor Trust) has been created to innure to the terminating Trust's activities, it was not possible for the Successor Trust to be available to take over for the Trust concurrent with the Trust's compulsory termination. Therefore, the Trust's Fund Balance, in cash and kind, existing as of the date of termination, was temporarily transferred to International Association of Lions Club dba Pasadena Lions Club (FEIN 95-6047661), a related entity, until such time as the Successor Trust, Pasadena Lions Club Memorial Trust (FEIN 93-6933120) was formed and ready to accept the return of the Fund Balance. Pasadena Host Lions Club PO Box 364 Pasadena CA 91102 956047661 Civic League CA 501(c)(4) NA false false false false false false false false false false false false false false false false false false false false