LAUFER FAMILY FOUNDATION INC: Form 990PF, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
LAUFER FAMILY FOUNDATION INC (EIN 13-3070083)
Tax period
2022-07-01 to 2023-06-30
Filed
2024-05-14
IRS object ID
202431359349101313
Schema version
2022v5.0
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)
Return2024-05-14T06:35:15-07:00ReturnTs
Tax Period End2023-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN112715389PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Ives Sultan & Spike CPAsBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1100 Crossways Park Drive WestAddressLine1Txt
CityWoodburyCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11797ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2022-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN133070083EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE LAUFER FAMILY FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlLAUFBusinessNameControlTxt
Phone9733459111PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1153 ONSLOW PLACEAddressLine1Txt
CityKEW GARDENSCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11415ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDANIEL LAUFERPersonNm
Person TitlePresidentPersonTitleTxt
Signature2024-05-14SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstDANIELPersonFirstNm
Person LastLAUFERPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonROBERT LIPTON CPAPreparerPersonNm
PTINP00034558PTIN
Phone5164969500PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
Federated Assurance LevelFAL1FederatedAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$1,887,017FMVAssetsEOYAmt
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$343InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$343InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$343InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$12,041DividendsRevAndExpnssAmt
Dividends Net Invst Incm$12,041DividendsNetInvstIncmAmt
Dividends Adj Net Incm$12,041DividendsAdjNetIncmAmt
Total Rev And Expnss$12,384TotalRevAndExpnssAmt
Total Net Invst Incm$12,384TotalNetInvstIncmAmt
Total Adj Net Incm$12,384TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$2,000AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$2,000AccountingFeesNetInvstIncmAmt
Accounting Fees Adj Net Incm$2,000AccountingFeesAdjNetIncmAmt
Taxes Rev And Expnss$1,961TaxesRevAndExpnssAmt
Taxes Net Invst Incm$1,961TaxesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$3,961TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$3,961TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm$2,000TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$44,557ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$44,557ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$48,518TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$3,961TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm$2,000TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$44,557TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$36,134ExcessRevenueOverExpensesAmt
Net Investment Income$8,423NetInvestmentIncomeAmt
Adjusted Net Income$10,384AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$74,379CashBOYAmt
Cash EOY$45,867CashEOYAmt
Cash EOYFMV$45,867CashEOYFMVAmt
Sav And Temp Cash Invst BOY$185,466SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$197,845SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$197,845SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$785,130CorporateStockBOYAmt
Corporate Stock EOY$785,130CorporateStockEOYAmt
Corporate Stock EOYFMV$1,585,098CorporateStockEOYFMVAmt
Other Assets BOY$78,208OtherAssetsBOYAmt
Other Assets EOY$58,207OtherAssetsEOYAmt
Other Assets EOYFMV$58,207OtherAssetsEOYFMVAmt
Total Assets BOY$1,123,183TotalAssetsBOYAmt
Total Assets EOY$1,087,049TotalAssetsEOYAmt
Total Assets EOYFMV$1,887,017TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$1,123,183NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$1,087,049NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$1,123,183TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,087,049TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,123,183TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,087,049TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,123,183TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$36,134ExcessRevenueOverExpensesAmt
Subtotal$1,087,049SubtotalAmt
Tot Net Ast Or Fund Balances EOY$1,087,049TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$117InvestmentIncomeExciseTaxAmt
Subtotal$117SubtotalAmt
Tax Based On Investment Income$117TaxBasedOnInvestmentIncomeAmt
Tax Due$117TaxDueAmt
Applied To ES Tax$0AppliedToESTaxAmt

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 StateNYOrgReportOrRegisterStateCd
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

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1THE FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone9733459111PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1153 ONSLOW PLACEAddressLine1Txt
CityKEW GARDENSCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11415ZIPCd
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
Acts Fail To Qlfy As ExceptionsfalseActsFailToQlfyAsExceptionsInd
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

FieldValueIRS element (for citing)
PersonDANIEL LAUFERPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1153 ONSLOW PLACEAddressLine1Txt
CityKEW GARDENSCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11415ZIPCd
FieldValueIRS element (for citing)
TitlePresidentTitleTxt
Average Hrs Per Wk Devoted To Pos1.00AverageHrsPerWkDevotedToPosRt
Compensation$0CompensationAmt
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$1,502,571AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$251,879AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$58,207FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$1,812,657TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$1,812,657AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$27,190CashDeemedCharitableAmt
Net Vl Noncharitable Assets$1,785,467NetVlNoncharitableAssetsAmt
Minimum Investment Return$89,273MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$89,273MinimumInvestmentReturnAmt
Tax Based On Investment Income$117TaxBasedOnInvestmentIncomeAmt
Total Tax$117TotalTaxAmt
Distributable Before Adj$89,156DistributableBeforeAdjAmt
Distributable Before Ded$89,156DistributableBeforeDedAmt
Distributable As Adjusted$89,156DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$44,557ExpensesAndContributionsAmt
Qualifying Distributions$44,557QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$89,156DistributableAsAdjustedAmt
Undistributed Income PY$37,585UndistributedIncomePYAmt
Qualifying Distributions$44,557QualifyingDistributionsAmt
Applied To Year1$37,585AppliedToYear1Amt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$6,972AppliedToCurrentYearAmt
Undistributed Income CY$82,184UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (21 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
YESHIVA SHAAR HATORAH
117-06 84TH AVENUERICHMOND HILLNY11418NONEPCGENERAL CONTRIBUTION$1,000
KEW GARDENS SYNAGOGUE
82-17 LEFFERTS BOULEVARDKEW GARDENSNY11415NONEPCGENERAL CONTRIBUTION$11,736
MESIVTHA YESHIVA RABBI CHAIM BERLIN
1605 CONEY ISLAND AVENUEBROOKLYNNY11230NONEPCGENERAL CONTRIBUTION$10,180
CHAI LIFE LINE
151 WEST 30TH STREETNEW YORKNY10001NONEPCGENERAL CONTRIBUTION$360
QUEENS HATZOLAH
83-26 BREVOORT STREETKEW GARDENSNY11415NONEPCGENERAL CONTRIBUTION$1,000
CONGREGATION SONS OF ISRAEL
2521 CRUGER AVENUEBRONXNY10467NONEPCGENERAL CONTRIBUTION$7,180
YESHIVA UNIVERSITY
500 WEST 185TH STREETNEW YORKNY10033NONEPCGENERAL CONTRIBUTION$180
RABBINIACAL COLLEGE OF AMERICA
226 SUSSEX AVENUEMORRISTOWNNJ07960NONEPCGENERAL CONTRIBUTION$180
NATIONAL ASSOCIATION OF CHEVRA KADI
85-18 117TH STREETRICHMOND HILLNY11418NONEPCGENERAL CONTRIBUTION$500
YESHIVA GEDOLA OF CARTERET
42 NOE STREETCARTERETNJ07008NONEPCGENERAL CONTRIBUTION$1,000
YESHIVA TIFERET TORAH
996 ROUTE 202SUFFERNNY10901NONEPCGENERAL CONTRIBUTION$180
STARS OF ISRAEL ACADEMY
82-52 ABINGTON ROADKEW GARDENSNY11415NONEPCGENERAL CONTRIBUTION$360
CONGREGATION ADAS YEREIM OF KEW GAR
12231 METROPOLITAN AVENUEKEW GARDENSNY11415NONEPCGENERAL CONTRIBUTION$500
YESHIVA OF CENTRAL QUEENS
147-37 70TH ROADFLUSHINGNY11367NONEPCGENERAL CONTRIBUTION$1,800
CONGREGATION NACHLAS SHMUEL
8261 BEVERLY RDKEW GARDENSNY11415NONEPCGENERAL CONTRIBUTION$4,800
BLOOM FOOD MARKET-YESHIVA BOYAN
4315 12TH AVEBROOKLYNNY11219NONEPCDISTRIBUTION OF FOOD TO NEEDY$500
ORTHODOX UNION
40 RECTOR STREETNEW YORKNY10006NONEPCSUPPORT UKRAIN REFUGEES-$200
KHAL CHASIDIM OF LAWRENCE
7 FIRETHORNE DRIVELAWRENCENY11559NONEPCGENERAL CONTRIBUTION$800
ANSHE SHOLOM CHABAD JCC
82-52 ABINGTON RDFOREST HILLSNY11415NONEPCGENERAL CONTRIBUTION$1,101
ONE ISRAEL FUND
445 CENTRAL AVE SUITE 210CEDERHURSTNY11516NONEPCGENERAL CONTRIBUTION$400
YESHIVA ZICHRON MEILECH
510 DAHILL RDBROOKLYNNY11218NONEPCGENERAL CONTRIBUTION$1,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$44,557TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$343ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$12,041ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$12,384ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$12,384TotalIncomeProducingActyAmt

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

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryIVES & SULTAN, LLPCategoryTxt
Amt$2,000Amt
Net Investment Income$2,000NetInvestmentIncomeAmt
Adjusted Net Income$2,000AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (5 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
3,800 SHS. BERKSHIRE HATHAWAY INC$552,722$1,295,800
200 SHS. ORACLE CORP.$6,458$23,818
500 SHS. WEBSTER FINANCIAL$5,573$8,720
100 SHS. BAUSCH HEALTH COMPANIES$8,277$800
6,000 SHS. NEWMONT MINING$212,100$255,960

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp

FieldValueIRS element (for citing)
DescRELIGIOUS ARTICLESDesc
BOY Book Value$58,207BOYBookValueAmt
EOY Book Value$58,207EOYBookValueAmt
EOYFMV$58,207EOYFMVAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryFEDERAL INCOME TAXESCategoryTxt
Amt$1,961Amt
Net Investment Income$1,961NetInvestmentIncomeAmt

Comments

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