MILTON AND URSULA H STOLAROFF FOUNDATION: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
MILTON AND URSULA H STOLAROFF FOUNDATION (EIN 46-4456572)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-07-21
IRS object ID
202402049349100000
Schema version
2023v5.1
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)
Return2024-07-21T21:00:24-07:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN954829539PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1E V JUAN CPA INCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line17655 WINNETKA AVE 2839AddressLine1Txt
CityWINNETKACityNm
State AbbreviationCAStateAbbreviationCd
ZIP91306ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN464456572EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1MILTON AND URSULA H STOLAROFF FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlMILTBusinessNameControlTxt
Phone9497192625PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 12816AddressLine1Txt
CityNEWPORT BEACHCityNm
State AbbreviationCAStateAbbreviationCd
ZIP92658ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMICHAEL FARAHPersonNm
Person TitlePresidentPersonTitleTxt
Signature2024-07-21SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstMICHAELPersonFirstNm
Person LastFARAHPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonE V JUAN CPA INCPreparerPersonNm
PTINP00075284PTIN
Phone8184069338PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer3TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
Federated Assurance LevelFAL1FederatedAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Final ReturnYes (X)FinalReturnInd
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$0FMVAssetsEOYAmt
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$78InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$78InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$78InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$12,125DividendsRevAndExpnssAmt
Dividends Net Invst Incm$12,125DividendsNetInvstIncmAmt
Dividends Adj Net Incm$12,125DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss-$11,976NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$649,673GrossSalesPriceAmt
Other Income Rev And Expnss$6OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm$6OtherIncomeNetInvstIncmAmt
Other Income Adj Net Incm$6OtherIncomeAdjNetIncmAmt
Total Rev And Expnss$233TotalRevAndExpnssAmt
Total Net Invst Incm$12,209TotalNetInvstIncmAmt
Total Adj Net Incm$12,209TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$2,110AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$2,110AccountingFeesNetInvstIncmAmt
Accounting Fees Adj Net Incm$2,110AccountingFeesAdjNetIncmAmt
Taxes Rev And Expnss$75TaxesRevAndExpnssAmt
Taxes Net Invst Incm$75TaxesNetInvstIncmAmt
Taxes Adj Net Incm$75TaxesAdjNetIncmAmt
Other Expenses Rev And Expnss$14,222OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$14,222OtherExpensesNetInvstIncmAmt
Other Expenses Adj Net Incm$14,222OtherExpensesAdjNetIncmAmt
Tot Opr Expenses Rev And Expnss$16,407TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$16,407TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm$16,407TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$1,597,297ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$1,597,297ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$1,613,704TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$16,407TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm$16,407TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$1,597,297TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$1,613,471ExcessRevenueOverExpensesAmt
Net Investment Income$0NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$67,437CashBOYAmt
Corporate Stock BOY$1,435,611CorporateStockBOYAmt
Other Investments BOY$171,846OtherInvestmentsBOYAmt
Total Assets BOY$1,674,894TotalAssetsBOYAmt
Total Assets EOY$0TotalAssetsEOYAmt
Total Assets EOYFMV$0TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$1,674,894NoDonorRstrNetAssestsBOYAmt
Tot Net Ast Or Fund Balances BOY$1,674,894TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$0TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,674,894TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$0TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,674,894TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$1,613,471ExcessRevenueOverExpensesAmt
Subtotal$61,423SubtotalAmt
Other Decreases$61,423OtherDecreasesAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (10 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
1000 ALTRIAP2019-09-262023-08-10$44,070$40,653$3,417$3,417
1000 ANHEUSER BUSCHP2021-03-112023-08-10$56,974$62,274-$5,300-$5,300
1600 GSK PLCP2020-08-242023-08-10$56,280$65,530-$9,250-$9,250
2000. HALEONP2020-08-242023-04-11$17,600$14,539$3,061$3,061
9000 LUMEN TECHP2020-04-112023-04-11$22,680$106,665-$83,985-$83,985
150 NETFLIXP2018-10-312023-08-20$65,522$46,003$19,519$19,519
500 SIMON PROPP2020-08-182023-08-10$59,375$32,660$26,715$26,715
7100 SOFIP2021-10-152023-04-11$42,315$139,443-$97,128-$97,128
4000 SPROUTSP2020-08-112023-08-11$153,578$86,742$66,836$66,836
3000 WELLS FARGOP2020-05-132023-08-11$131,279$67,140$64,139$64,139
FieldValueIRS element (for citing)
Capital Gain Net Income-$11,976CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$0InvestmentIncomeExciseTaxAmt
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 EtcYes (true)OrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
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 Line1MICHAEL FARAHBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone9497192625PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1511 E BALBOA BLVDAddressLine1Txt
CityNEWPORT BEACHCityNm
State AbbreviationCAStateAbbreviationCd
ZIP92661ZIPCd
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)
PersonMICHAEL FARAHPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1511 E BALBOA BLVDAddressLine1Txt
CityNEWPORT BEACHCityNm
State AbbreviationCAStateAbbreviationCd
ZIP92658ZIPCd
FieldValueIRS element (for citing)
TitlePresidentTitleTxt
Average Hrs Per Wk Devoted To Pos5.00AverageHrsPerWkDevotedToPosRt
Compensation$0CompensationAmt
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1CONTRIBUTIONS TO THE CELEBRITY FOUNDATION FOR CHILDREN - 501(C)3 ORGANIZATIONDescription1Txt
Expenses1$0Expenses1Amt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$0AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$0TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$0AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$0CashDeemedCharitableAmt
Net Vl Noncharitable Assets$0NetVlNoncharitableAssetsAmt
Minimum Investment Return$0MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$0DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$1,597,297ExpensesAndContributionsAmt
Qualifying Distributions$1,597,297QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$0DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$43,091ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$34,825ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$16,163ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$161,641ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$110,000ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$365,720TotalExcessDistributionCyovAmt
Qualifying Distributions$1,597,297QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Remaining Distri From Corpus$1,597,297RemainingDistriFromCorpusAmt
Total Corpus$1,963,017TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$43,091ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$1,919,926ExcessDistriCyovToNextYrAmt
Excess From Year4$34,825ExcessFromYear4Amt
Excess From Year3$16,163ExcessFromYear3Amt
Excess From Year2$161,641ExcessFromYear2Amt
Excess From Year1$110,000ExcessFromYear1Amt
Excess From Current Year$1,597,297ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (2 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
CELEBRITY FOUNDATION FOR CHILDREN
PO BOX 12709NEWPORT BEACHCA92658NONEPCCHARITY$150,000
MICHAEL CHRISTINE FARAH FAMILY FOUN
511 E BALBOA BLVDNEWPORT BEACHCA92661NONEPCCHARITABLE$1,447,297
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$1,597,297TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$78RelatedOrExemptFunctionIncmAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$12,125RelatedOrExemptFunctionIncmAmt

Other Investment Income OtherInvestmentIncomeGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$6RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm-$11,976RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$233RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$233TotalIncomeProducingActyAmt

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)
CategoryTAX PREPCategoryTxt
Amt$2,110Amt
Net Investment Income$2,110NetInvestmentIncomeAmt
Adjusted Net Income$2,110AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Dissolution Stmt DissolutionStmt

Dissolution Information DissolutionInformationGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdShort ExplanationShortExplanationTxtDissolutionDissolutionAmt
MICHAEL & CHRIS FARAH FAM FNDT
511 E BALBOA BLNEWPORT BEACHCA92661CASH & INVESTMENT ACCOUNTS DONATED$1,446,823
THE CELEBRITY FOUNDATION FOR CHI
511 E BALBOA BLVDNEWPORT BEACHCA92661CASH$150,000

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

FieldValueIRS element (for citing)
DescINVESTMENTS - MARKET DEPN / DECREASE IN VALUEDesc
Amt$61,423Amt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescTD AMER FEESDesc
Revenue And Expenses Per Books$14,222RevenueAndExpensesPerBooksAmt
Net Investment Income$14,222NetInvestmentIncomeAmt
Adjusted Net Income$14,222AdjustedNetIncomeAmt

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
DescOther Investment IncomeDesc
Revenue And Expenses Per Books$6RevenueAndExpensesPerBooksAmt
Net Investment Income$6NetInvestmentIncomeAmt
Adjusted Net Income$6AdjustedNetIncomeAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryREGISTRY OF TRUSTSCategoryTxt
Amt$75Amt
Net Investment Income$75NetInvestmentIncomeAmt
Adjusted Net Income$75AdjustedNetIncomeAmt

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