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MURAD FAMILY FOUNDATION: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
MURAD FAMILY FOUNDATION (EIN 45-1585141)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-05-09
IRS object ID
202421309349103627
Schema version
2023v5.0
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)
Return2024-05-09T23:17:56-04:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1MCNATT & ASSOCIATESBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line175-422 WEHILANI DRAddressLine1Txt
CityKAILUAKONACityNm
State AbbreviationHIStateAbbreviationCd
ZIP96740ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN451585141EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1MURAD FAMILY FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlMURABusinessNameControlTxt
Phone3107223353PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1133 17TH STREETAddressLine1Txt
CityMANHATTAN BEACHCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90266ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonHILARIE MURADPersonNm
Person TitlePRES/DIRECTORPersonTitleTxt
Phone3107263353PhoneNum
Signature2024-05-09SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstHILARIEPersonFirstNm
Person LastMURADPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrfalseIRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJULIE KRAMER-MCNATTPreparerPersonNm
PTINP00245500PTIN
Phone8087315891PhoneNum
Preparation2024-05-09PreparationDt
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$1,889,546FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$40InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$64InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$45,846DividendsRevAndExpnssAmt
Dividends Net Invst Incm$47,569DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$18,447NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$874,543GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$18,668CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$64,333TotalRevAndExpnssAmt
Total Net Invst Incm$66,301TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$25,092CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm$3,764CompOfcrDirTrstNetInvstIncmAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl$21,329CompOfcrDirTrstDsbrsChrtblAmt
Other Prof Fees Rev And Expnss$12,317OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$12,317OtherProfFeesNetInvstIncmAmt
Taxes Rev And Expnss$11TaxesRevAndExpnssAmt
Taxes Net Invst Incm$11TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss$12OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$12OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$37,432TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$16,092TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$21,341TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$25,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$25,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$62,432TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$16,092TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$46,341TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$1,901ExcessRevenueOverExpensesAmt
Net Investment Income$50,209NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$53,713SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$45,376SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$45,376SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$1,030,202CorporateStockBOYAmt
Corporate Stock EOY$1,042,476CorporateStockEOYAmt
Corporate Stock EOYFMV$1,383,067CorporateStockEOYFMVAmt
Corporate Bonds BOY$454,513CorporateBondsBOYAmt
Corporate Bonds EOY$452,814CorporateBondsEOYAmt
Corporate Bonds EOYFMV$461,103CorporateBondsEOYFMVAmt
Total Assets BOY$1,538,428TotalAssetsBOYAmt
Total Assets EOY$1,540,666TotalAssetsEOYAmt
Total Assets EOYFMV$1,889,546TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$1,538,428RetainedEarningBOYAmt
Retained Earning EOY$1,540,666RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$1,538,428TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,540,666TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,538,428TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,540,666TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,538,428TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$1,901ExcessRevenueOverExpensesAmt
Other Increases$337OtherIncreasesAmt
Subtotal$1,540,666SubtotalAmt
Tot Net Ast Or Fund Balances EOY$1,540,666TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
PropertyPUBLICLY TRADED SECURITIESPropertyDesc
How AcquiredPHowAcquiredCd
Gross Sales Price$874,521GrossSalesPriceAmt
Cost Or Other Basis$855,875CostOrOtherBasisAmt
Gain Or Loss$18,646GainOrLossAmt
Gains Minus Excess Or Losses$18,646GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$18,668CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss$18,646NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$698InvestmentIncomeExciseTaxAmt
Subtotal$698SubtotalAmt
Tax Based On Investment Income$698TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$481EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$481TotalPaymentsAndCreditsAmt
Tax Due$217TaxDueAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
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 StateCAOrgReportOrRegisterStateCd
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
Website AddressN/AWebsiteAddressTxt
Individual With BooksHILARIE MURADIndividualWithBooksNm
Phone3107223353PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1133 17TH STREETAddressLine1Txt
CityMANHATTAN BEACHCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90266ZIPCd
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 PrsnYes (true)PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Acts Fail To Qlfy As ExceptionsfalseActsFailToQlfyAsExceptionsInd
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 (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
HILARIE MURAD
133 17TH STREETMANHATTAN BEACHCA90266PRES/DIRECTO0.50$25,092$0$0
JEFFREY MURAD
2121 PARK PLACE 1ST FLOOREL SEGUNDOCA90245SEC/DIRECTOR0.25$0$0$0
RICHARD MURAD
2121 PARK PLACE 1ST FLOOREL SEGUNDOCA90245CEO/DIRECTOR0.25$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$1,733,212AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$51,437AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$1,784,649TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$1,784,649AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$26,770CashDeemedCharitableAmt
Net Vl Noncharitable Assets$1,757,879NetVlNoncharitableAssetsAmt
Minimum Investment Return$87,894MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$87,894MinimumInvestmentReturnAmt
Tax Based On Investment Income$698TaxBasedOnInvestmentIncomeAmt
Total Tax$698TotalTaxAmt
Distributable Before Adj$87,196DistributableBeforeAdjAmt
Distributable Before Ded$87,196DistributableBeforeDedAmt
Distributable As Adjusted$87,196DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$46,341ExpensesAndContributionsAmt
Qualifying Distributions$46,341QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$87,196DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$36,181ExcessDistributionCyovYr5Amt
Total Excess Distribution Cyov$36,181TotalExcessDistributionCyovAmt
Qualifying Distributions$46,341QualifyingDistributionsAmt
Applied To Current Year$46,341AppliedToCurrentYearAmt
Excess Distri Cyov App CY Corpus$36,181ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$36,181ExcessDistributionCyovAppCYAmt
Undistributed Income CY$4,674UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (3 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
VISTAMAR SCHOOL
737 HAWAII STEL SEGUNDOCA90245N/A501(C)(3)UNRESTRICTED SUPPORT$10,000
LACBA COUNCIL FOR JUSTICE
200 S SPRING STREETLOS ANGELESCA90012N/A501(C)(3)UNRESTRICTED SUPPORT$5,000
INDIVISIBLE ARTS
618 CYPRESS AVEHERMOSA BEACHCA90254N/A501(C)(3)UNRESTRICTED SUPPORT$10,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$25,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$40ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$45,846ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$18,447ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$64,333ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$64,333TotalIncomeProducingActyAmt

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

Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule

Investments Corporate Bonds InvestmentsCorporateBondsGrp

FieldValueIRS element (for citing)
BondUBS FIXED INCOME MUTUAL FUNDSBondNm
EOY Book Value$452,814EOYBookValueAmt
EOYFMV$461,103EOYFMVAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockUBS EQUITIESStockNm
EOY Book Value$1,042,476EOYBookValueAmt
EOYFMV$1,383,067EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
EXPENSES
BANK FEE$12$12

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
DescPRIOR PERIOD ADJUSTMENTDesc
Amt$337Amt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryINVESTMENT FEESCategoryTxt
Amt$12,317Amt
Net Investment Income$12,317NetInvestmentIncomeAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryFOREIGN TAXESCategoryTxt
Amt$11Amt
Net Investment Income$11NetInvestmentIncomeAmt

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