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TURKANIS FAMILY FOUNDATION: Form 990PF, tax year 2025

View the entire original 990 at ProPublica ↗

Organization
TURKANIS FAMILY FOUNDATION (EIN 20-8678978)
Tax period
2025-01-01 to 2025-12-31
Filed
2026-06-12
IRS object ID
202601639349100905
Schema version
2025v4.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2026-06-12T10:16:02-05:00ReturnTs
Tax Period End2025-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Foundation SourceBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line13333 New Hyde Park Rd Ste 406AddressLine1Txt
CityNew Hyde ParkCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11042ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2025-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN208678978EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Turkanis Family FoundationBusinessNameLine1Txt
FieldValueIRS element (for citing)
In Care Of% Foundation SourceInCareOfNm
Business Name ControlTURKBusinessNameControlTxt
Phone8008391754PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1Foundation Source 501 Silverside RdAddressLine1Txt
CityWilmingtonCityNm
State AbbreviationDEStateAbbreviationCd
ZIP198091377ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonBARRY S TURKANISPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone8008391754PhoneNum
Signature2026-06-01SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJeffrey D HaskellPreparerPersonNm
PTINP01345770PTIN
Phone8008391754PhoneNum
FieldValueIRS element (for citing)
Tax2025TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$626,360FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$0ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$13,227InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$13,227InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$6,243DividendsRevAndExpnssAmt
Dividends Net Invst Incm$6,243DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$17,452NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$106,951GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$99,994CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$36,922TotalRevAndExpnssAmt
Total Net Invst Incm$119,464TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$0CompOfcrDirTrstRevAndExpnssAmt
Taxes Rev And Expnss$1,500TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss$6,288OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$6,288OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$7,788TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$6,288TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$43,250ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$43,250ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$51,038TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$49,538TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$14,116ExcessRevenueOverExpensesAmt
Net Investment Income$119,464NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$329,972SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$405,355SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$405,355SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$327,739CorporateStockBOYAmt
Corporate Stock EOY$238,240CorporateStockEOYAmt
Corporate Stock EOYFMV$221,005CorporateStockEOYFMVAmt
Total Assets BOY$657,711TotalAssetsBOYAmt
Total Assets EOY$643,595TotalAssetsEOYAmt
Total Assets EOYFMV$626,360TotalAssetsEOYFMVAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$657,711RetainedEarningBOYAmt
Retained Earning EOY$643,595RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$657,711TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$643,595TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$657,711TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$643,595TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$657,711TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$14,116ExcessRevenueOverExpensesAmt
Subtotal$643,595SubtotalAmt
Tot Net Ast Or Fund Balances EOY$643,595TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
PropertyPublicly-traded SecuritiesPropertyDesc
Gross Sales Price$106,951GrossSalesPriceAmt
Cost Or Other Basis$6,957CostOrOtherBasisAmt
Gain Or Loss$99,994GainOrLossAmt
Gains Minus Excess Or Losses$99,994GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$99,994CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$1,661InvestmentIncomeExciseTaxAmt
Subtotal$1,661SubtotalAmt
Tax Based On Investment Income$1,661TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$1,306EstimatedPlusOvpmtIncmTxAmt
Exempt Frgn Org Tax Wthld At Srce$0ExemptFrgnOrgTaxWthldAtSrceAmt
Extsn Request Income Tax Paid$400ExtsnRequestIncomeTaxPaidAmt
Total Payments And Credits$1,706TotalPaymentsAndCreditsAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$2EsPenaltyAmt
Overpayment$43OverpaymentAmt
Applied To ES Tax$43AppliedToESTaxAmt
Refund$0RefundAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateDEOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1Foundation SourceBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone8008391754PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1501 Silverside Road Suite 123AddressLine1Txt
CityWilmingtonCityNm
State AbbreviationDEStateAbbreviationCd
ZIP198091377ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (5 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
Amanda Jaffe
Foundation Source 501 Silverside RdWilmingtonDE198091377VP1.0$0$0$0
Barry S Turkanis
Foundation Source 501 Silverside RdWilmingtonDE198091377Pres, Dir, Sec1.0$0$0$0
David Turkanis
Foundation Source 501 Silverside RdWilmingtonDE198091377VP1.0$0$0$0
Ellen Turkanis
Foundation Source 501 Silverside RdWilmingtonDE198091377VP, Dir1.0$0$0$0
Jeffrey Turkanis
Foundation Source 501 Silverside RdWilmingtonDE198091377VP1.0$0$0$0
FieldValueIRS element (for citing)
Summary Of Direct Chrtbl ActySummaryOfDirectChrtblActyGrp
Sum Of Program Related InvstSumOfProgramRelatedInvstGrp

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$223,913AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$395,175AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$619,088TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$619,088AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$9,286CashDeemedCharitableAmt
Net Vl Noncharitable Assets$609,802NetVlNoncharitableAssetsAmt
Minimum Investment Return$30,490MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$30,490MinimumInvestmentReturnAmt
Tax Based On Investment Income$1,661TaxBasedOnInvestmentIncomeAmt
Total Tax$1,661TotalTaxAmt
Distributable Before Adj$28,829DistributableBeforeAdjAmt
Distributable Before Ded$28,829DistributableBeforeDedAmt
Distributable As Adjusted$28,829DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$49,538ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Charitable Assets Acquis Paid$0CharitableAssetsAcquisPaidAmt
Set Aside Suitability Test$0SetAsideSuitabilityTestAmt
Set Aside Cash Distri Test$0SetAsideCashDistriTestAmt
Qualifying Distributions$49,538QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$28,829DistributableAsAdjustedAmt
Prior Year12023PriorYear1Yr
Prior Year22022PriorYear2Yr
Prior Year32021PriorYear3Yr
Excess Distribution Cyov Yr5$21,273ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$12,770ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$23,423ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$24,263ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$14,691ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$96,420TotalExcessDistributionCyovAmt
Qualifying Distributions$49,538QualifyingDistributionsAmt
Applied To Current Year$28,829AppliedToCurrentYearAmt
Remaining Distri From Corpus$20,709RemainingDistriFromCorpusAmt
Total Corpus$117,129TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$21,273ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$95,856ExcessDistriCyovToNextYrAmt
Excess From Year4$12,770ExcessFromYear4Amt
Excess From Year3$23,423ExcessFromYear3Amt
Excess From Year2$24,263ExcessFromYear2Amt
Excess From Year1$14,691ExcessFromYear1Amt
Excess From Current Year$20,709ExcessFromCurrentYearAmt
FieldValueIRS element (for citing)
Private Operating FoundationsPrivateOperatingFoundationsGrp

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerBarry S TurkanisContributingManagerNm
Contributing ManagerEllen TurkanisContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (10 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusCdGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
BOCA RATON REGIONAL HOSPITAL INC
800 MEADOWS RDBOCA RATONFL33486N/APCGeneral & Unrestricted$5,000
CONGREGATION SHIRAT HAYAM OF THE NORTH SHORE
55 ATLANTIC AVESWAMPSCOTTMA01907N/APCGeneral & Unrestricted$20,000
MERRY MIXERS INC
PO BOX 1282MARBLEHEADMA01945N/APCGeneral & Unrestricted$500
NORTH SHORE SYNAGOGUE
83 MUTTONTOWN RDSYOSSETNY11791N/APCGeneral & Unrestricted$2,500
PLAY FOR P I N K INC
28 W 44TH ST STE 609NEW YORKNY10036N/APCGeneral & Unrestricted$1,600
SCLERODERMA FOUNDATION NEW ENGLAND INC
462 BOSTON STTOPSFIELDMA01983N/APCGeneral & Unrestricted$350
SPUR INC
PO BOX 1274MARBLEHEADMA01945N/APCGeneral & Unrestricted$500
THE ARTHUR J EPSTEIN HILLEL SCHOOL INC
6 COMMUNITY RDMARBLEHEADMA01945N/APCGeneral & Unrestricted$1,800
THE JEWISH COMMUNITY CENTER OF THE NORTH SHORE INC
4 COMMUNITY RDMARBLEHEADMA01945N/APCGeneral & Unrestricted$10,000
WASHINGTON UNIVERSITY
1 BROOKINGS DR MSC 1082-414-2555SAINT LOUISMO63130N/APCGeneral & Unrestricted$1,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$43,250TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

FieldValueIRS element (for citing)
Fees Contracts From Govt AgFeesContractsFromGovtAgGrp
Membership Dues And AssmntMembershipDuesAndAssmntGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$13,227ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$6,243ExclusionAmt
FieldValueIRS element (for citing)
Net Rntl Incm Re Debt Fincd PropNetRntlIncmReDebtFincdPropGrp
Net Rntl Incm Re Not Debt Fincd PropNetRntlIncmReNotDebtFincdProp
Net Rental Income Personal PropNetRentalIncomePersonalPropGrp
Other Investment IncomeOtherInvestmentIncomeGrp

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$17,452ExclusionAmt
FieldValueIRS element (for citing)
Net Income Loss From Special EvtNetIncomeLossFromSpecialEvtGrp
Gross Profit Loss Sls Of InvntryGrossProfitLossSlsOfInvntryGrp

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$36,922ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$36,922TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Depreciation Schedule DepreciationSchedule

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (5 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
ALPHABET INC CL C$14,245$78,450
MICROSOFT CORP$18,759$60,453
SCILEX HOLDING CO$18,340$610
SORRENTO THERAPEUTICS$80,606$33
VERIZON COMMUNICATIONS$106,290$81,459

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
Administrative Fees$6,263$6,263
State or Local Filing Fees$25$25

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmt
990-PF Estimated Tax for 2025$1,300
990-PF Extension for 2024$200

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