ERIC & JESSICA ZACHS FAMILY FOUNDATIONS INC: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
ERIC & JESSICA ZACHS FAMILY FOUNDATIONS INC (EIN 06-1552087)
Tax period
2023-07-01 to 2024-06-30
Filed
2024-08-20
IRS object ID
202412339349100211
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)
Return2024-08-20T09:13:25-07:00ReturnTs
Tax Period End2024-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN592225781PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1BARRY C BRODEN PABusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line15129 NW 24TH WAYAddressLine1Txt
CityBOCA RATONCityNm
State AbbreviationFLStateAbbreviationCd
ZIP33496ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2023-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN061552087EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Eric & Jessica Zachs Family FoundationBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlERICBusinessNameControlTxt
Phone8607275733PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line140 Woodland StreetAddressLine1Txt
CityHartfordCityNm
State AbbreviationCTStateAbbreviationCd
ZIP06105ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonEric ZachsPersonNm
Person TitlePresidentPersonTitleTxt
Signature2024-08-20SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonDr Barry C BrodenPreparerPersonNm
PTINP01269351PTIN
Phone8609161724PhoneNum
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2024-08-08 14:25:15ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$2,242,903FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$165,577DividendsRevAndExpnssAmt
Dividends Net Invst Incm$165,577DividendsNetInvstIncmAmt
Gross Rents Rev And Expnss$52,765GrossRentsRevAndExpnssAmt
Gross Rents Net Invst Incm$52,765GrossRentsNetInvstIncmAmt
Net Rental Income Or Loss$52,765NetRentalIncomeOrLossAmt
Net Gain Sale Ast Rev And Expnss$136NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$136GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$136CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$218,478TotalRevAndExpnssAmt
Total Net Invst Incm$218,478TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$119AccountingFeesRevAndExpnssAmt
Other Prof Fees Rev And Expnss$1,910OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$1,910OtherProfFeesNetInvstIncmAmt
Other Expenses Rev And Expnss$89OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$15OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$2,118TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$1,925TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$91,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$91,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$93,118TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$1,925TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$91,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$125,360ExcessRevenueOverExpensesAmt
Net Investment Income$216,553NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$290CashBOYAmt
Cash EOY$222,828CashEOYAmt
Cash EOYFMV$222,828CashEOYFMVAmt
Sav And Temp Cash Invst BOY$3SavAndTempCashInvstBOYAmt
Corporate Bonds BOY$1,221,953CorporateBondsBOYAmt
Corporate Bonds EOY$735,003CorporateBondsEOYAmt
Corporate Bonds EOYFMV$714,374CorporateBondsEOYFMVAmt
Other Investments BOY$939,819OtherInvestmentsBOYAmt
Other Investments EOY$1,313,749OtherInvestmentsEOYAmt
Other Investments EOYFMV$1,305,701OtherInvestmentsEOYFMVAmt
Total Assets BOY$2,162,065TotalAssetsBOYAmt
Total Assets EOY$2,271,580TotalAssetsEOYAmt
Total Assets EOYFMV$2,242,903TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$2,162,065RetainedEarningBOYAmt
Retained Earning EOY$2,271,580RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$2,162,065TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$2,271,580TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$2,162,065TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$2,271,580TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$2,162,065TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$125,360ExcessRevenueOverExpensesAmt
Other Increases$12,833OtherIncreasesAmt
Subtotal$2,300,258SubtotalAmt
Other Decreases$28,678OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$2,271,580TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
Propertyblackrock multi assetPropertyDesc
How AcquiredPHowAcquiredCd
Acquired2023-03-05AcquiredDt
Sold2023-12-21SoldDt
Gross Sales Price$136GrossSalesPriceAmt
Gain Or Loss$136GainOrLossAmt
Gains Minus Excess Or Losses$136GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$136CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss$136NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$3,010InvestmentIncomeExciseTaxAmt
Subtotal$3,010SubtotalAmt
Tax Based On Investment Income$3,010TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$6,550EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$6,550TotalPaymentsAndCreditsAmt
Overpayment$3,540OverpaymentAmt
Applied To ES Tax$3,540AppliedToESTaxAmt

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 StateCTOrgReportOrRegisterStateCd
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 Line1Holly MartinoBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone8607275733PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line140 Woodland StreetAddressLine1Txt
CityHartfordCityNm
State AbbreviationCTStateAbbreviationCd
ZIP06105ZIPCd
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 (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
Eric Zachs
53 Norwood RoadWest HartfordCT06117President0.00$0
Jessica Zachs
53 Norwood RdWest HartfordCT06117V.President/Sec0.00$0
Russ Bernard
450 Lexington Ave Ste 1600New YorkNY10017Director0.00$0
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$858,356AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$331,251AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$1,001,306FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$2,190,913TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$2,190,913AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$32,864CashDeemedCharitableAmt
Net Vl Noncharitable Assets$2,158,049NetVlNoncharitableAssetsAmt
Minimum Investment Return$107,902MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$107,902MinimumInvestmentReturnAmt
Tax Based On Investment Income$3,010TaxBasedOnInvestmentIncomeAmt
Total Tax$3,010TotalTaxAmt
Distributable Before Adj$104,892DistributableBeforeAdjAmt
Distributable Before Ded$104,892DistributableBeforeDedAmt
Distributable As Adjusted$104,892DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$91,000ExpensesAndContributionsAmt
Qualifying Distributions$91,000QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$104,892DistributableAsAdjustedAmt
Excess Distribution Cyov Yr3$22,979ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$7,025ExcessDistributionCyovYr2Amt
Total Excess Distribution Cyov$30,004TotalExcessDistributionCyovAmt
Qualifying Distributions$91,000QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$91,000AppliedToCurrentYearAmt
Excess Distri Cyov App CY Corpus$13,892ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$13,892ExcessDistributionCyovAppCYAmt
Total Corpus$16,112TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$16,112ExcessDistriCyovToNextYrAmt
Excess From Year3$9,087ExcessFromYear3Amt
Excess From Year2$7,025ExcessFromYear2Amt

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
JEWISH FEDERATION OF GREATER HARTFO
333 BLOOMFIED AVEWEST HARTFORDCT06117TRUSTEEPCGENERAL USE$40,000
THE MAX CARES FOUNDATION
249 PEARL STREETHARTFORDCT06103nonePCGENERAL USE$1,000
Bleeding Blue for Good Fund
21 Tuckahoe RdTrunbullCT06611NONEPCGeneral Purpose$50,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$91,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$165,577ExclusionAmt

Net Rntl Incm Re Not Debt Fincd Prop NetRntlIncmReNotDebtFincdProp

FieldValueIRS element (for citing)
Exclusion16ExclusionCd
Exclusion$52,765ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$136RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$218,342ExclusionAmt
Related Or Exempt Function Incm$136RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$218,478TotalIncomeProducingActyAmt

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)
Categorysoftware feeCategoryTxt
Amt$119Amt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule

Investments Corporate Bonds InvestmentsCorporateBondsGrp (3 entries)

BondBondNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
PIMCO INCOME FUND INST$235,003$214,374
COLUMBIA CARE 2020
Holistic Industries$500,000$500,000

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (2 entries)

Category Or ItemCategoryOrItemTxtListed At Cost Or FMVListedAtCostOrFMVCdBook ValueBookValueAmtEOYFMVEOYFMVAmt
BLACKROCK MULTI ASSET INCOME INSTLAT COST$123,652$115,604
FIMM GOVT. PORTFOLIO INSTAT COST$688,791$688,791

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

FieldValueIRS element (for citing)
DescUNREALIZED LOSSESDesc
Amt$28,678Amt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
bank service charges$15$15
postage$74

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
DescDIFFERENCES CAUSED BY FISCAL VERSES CALENDAR YEAR REPORTINGDesc
Amt$12,833Amt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryINVESTMENT EXPENSESCategoryTxt
Amt$1,910Amt
Net Investment Income$1,910NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

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