DAI VERNON FOUNDATION INC: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
DAI VERNON FOUNDATION INC (EIN 45-5148864)
Tax period
2023-07-01 to 2024-06-30
Filed
2024-08-21
IRS object ID
202432349349101013
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)
Return2024-08-21T16:02:11-07:00ReturnTs
Tax Period End2024-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN562548165PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1ANDRADE & ASSOCIATES INCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line12186 W 190TH STAddressLine1Txt
CityTORRANCECityNm
State AbbreviationCAStateAbbreviationCd
ZIP90504ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2023-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN455148864EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1DAI VERNON FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlDAIVBusinessNameControlTxt
Phone3102182629PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line111333 MOORPARK STREET 22AddressLine1Txt
CityN HOLLYWOODCityNm
State AbbreviationCAStateAbbreviationCd
ZIP91602ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDAVE EGANPersonNm
Person TitlePresidentPersonTitleTxt
Signature2024-07-25SignatureDt
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 PersonLYNWOOD FORDPreparerPersonNm
PTINP00221353PTIN
Phone3106181040PhoneNum
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$0FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$31,780ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$381InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$381InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$381InterestOnSavingsAdjNetIncmAmt
Total Rev And Expnss$32,161TotalRevAndExpnssAmt
Total Net Invst Incm$381TotalNetInvstIncmAmt
Total Adj Net Incm$381TotalAdjNetIncmAmt
Other Expenses Rev And Expnss$7,418OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$7,418TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$18,290ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$18,290ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$25,708TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$18,290TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$6,453ExcessRevenueOverExpensesAmt
Net Investment Income$381NetInvestmentIncomeAmt
Adjusted Net Income$381AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$195,870CashBOYAmt
Cash EOY$204,742CashEOYAmt
Sav And Temp Cash Invst BOY$46,405SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$46,786SavAndTempCashInvstEOYAmt
Total Assets BOY$242,275TotalAssetsBOYAmt
Total Assets EOY$251,528TotalAssetsEOYAmt
Total Assets EOYFMV$0TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Capital Stock BOY$242,275CapitalStockBOYAmt
Capital Stock EOY$251,528CapitalStockEOYAmt
Tot Net Ast Or Fund Balances BOY$242,275TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$251,528TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$242,275TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$251,528TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$242,275TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$6,453ExcessRevenueOverExpensesAmt
Subtotal$248,728SubtotalAmt
Tot Net Ast Or Fund Balances EOY$248,728TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$5InvestmentIncomeExciseTaxAmt
Subtotal$5SubtotalAmt
Tax Based On Investment Income$5TaxBasedOnInvestmentIncomeAmt
Tax Due$5TaxDueAmt
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 SatisfiedfalseSection508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateCAOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationYes (true)PrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressWWW.DAIVERNONFOUNDATION.COMWebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1DENNIS FORELBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone3102182629PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line111333 MOORPARK ST 22AddressLine1Txt
CityN HOLLYWOODCityNm
State AbbreviationCAStateAbbreviationCd
ZIP916022618ZIPCd
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
DAVE EGAN
1234 E CALIFORNIA AVE 209GLENDALECA91206President & CEO0.00$0
SIRINDA SINCHAREON
5815 IRVINE AVENORTH HOLLYWOODCA91601Vice President0.00$0
BRIAN VERKUYLEN
7336 SANTA ELENA DRBUENA PARKCA90602Treasurer0.00$0
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)
Description1DAI VERNON FOUNDATION GIVES GRANTS TO MAGICIANS IN DEVASTATING FINANCIAL NEED, USUALLY DUE TO HEALTH. DURING 2023 TAX YEAR THE FOUNDATION GAVE GRANTS TO VARIOUS RECIPIENTS LISTED IN STATEMENT 3.Description1Txt
Expenses1$13,500Expenses1Amt
Description2DAI VERNON FOUNDATION GIVES SCHOLARSHIPS TO YOUNG MAGICIANS WHO ARE INTERESTED IN THE MAGIC ART AND HAVE FINANCIAL NEEDS TO LEARN OR IMPROVE THEIR SKILLS.Description2Txt
Expenses2$4,790Expenses2Amt

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)
Sect4942j3j5 Fndtn And Frgn OrgYes (X)Sect4942j3j5FndtnAndFrgnOrgInd

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$18,290ExpensesAndContributionsAmt
Qualifying Distributions$18,290QualifyingDistributionsAmt

Private Operating Foundations PrivateOperatingFoundationsGrp

FieldValueIRS element (for citing)
Section4942j3Yes (X)Section4942j3Ind

Lessor Adj Net Incm Min Invst Ret LessorAdjNetIncmMinInvstRetGrp

FieldValueIRS element (for citing)
Current Year$0CurrentYearAmt
Total$0TotalAmt

Qualifying Distributions QualifyingDistributionsGrp

FieldValueIRS element (for citing)
Current Year$18,290CurrentYearAmt
Year1$8,595Year1Amt
Year2$24,945Year2Amt
Year3$36,750Year3Amt
Total$88,580TotalAmt

Qualifying Distri Made Drt QualifyingDistriMadeDrtGrp

FieldValueIRS element (for citing)
Current Year$18,290CurrentYearAmt
Year1$8,595Year1Amt
Year2$24,945Year2Amt
Year3$36,750Year3Amt
Total$88,580TotalAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
Current Year$251,528CurrentYearAmt
Year1$242,275Year1Amt
Year2$233,200Year2Amt
Total$727,003TotalAmt

Two Thirds Minimum Invst Ret TwoThirdsMinimumInvstRetGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Supplementary Information SupplementaryInformationGrp

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonDAI VERNON FOUNDATION INCRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line111333 MOORPARK STREET 22AddressLine1Txt
CityN HOLLYWOODCityNm
State AbbreviationCAStateAbbreviationCd
ZIP916022618ZIPCd
FieldValueIRS element (for citing)
Recipient Phone3102182629RecipientPhoneNum
Form And Info And MaterialsAPPLICATION SHOULD BE SUBMITTED BY EMAIL WITH SUPPORTING DOCUMENTS THAT RELATE TO APPLICANT'S CONDITION.FormAndInfoAndMaterialsTxt
Submission DeadlinesNONESubmissionDeadlinesTxt
Restrictions On AwardsPOTENTIAL RECIPIENT MUST BE INVOLVED IN THE MAGIC WORLDRestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (11 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
ALAN BURSKY
5709 LAMP AVEN HOLLYWOODCA91601NONEIGIVE GRANTS TO MAGICIANS IN DEVASTATING FINANCIAL NEED, USUALLY DUE TO HEALTH.$1,500
ELIZABET JARDINE
27 HIGH HILL AVEWARWICKNY10990NONEIGIVE GRANTS TO MAGICIANS IN DEVASTATING FINANCIAL NEED, USUALLY DUE TO HEALTH.$1,500
FRANCIS MENOTTI
915 SOUTH 59TH STPHILADELPHIAPA19143NONEIGIVE GRANTS TO MAGICIANS IN DEVASTATING FINANCIAL NEED, USUALLY DUE TO HEALTH.$1,500
HAYDEN ALLCORN
211 N OAK ST 4ORANGECA92867NONEIGIVE GRANTS TO MAGICIANS IN DEVASTATING FINANCIAL NEED, USUALLY DUE TO HEALTH.$1,500
JASON DEAN
4021 MCCARTHY RDST JOSEPHMO64503NONEIGIVE GRANTS TO MAGICIANS IN DEVASTATING FINANCIAL NEED, USUALLY DUE TO HEALTH.$1,500
JINGER KALIN
148 GREENRIDGE DRRENONV89509NONEIGIVE GRANTS TO MAGICIANS IN DEVASTATING FINANCIAL NEED, USUALLY DUE TO HEALTH.$1,500
KEITH LOCK
5024 SHOAL CREEK CIRCLELAS VEGASNV89113NONEIGIVE GRANTS TO MAGICIANS IN DEVASTATING FINANCIAL NEED, USUALLY DUE TO HEALTH.$1,500
LEAH ORLEANS
2002 E YUKONTAMPAFL33604NONEISCHOLARSHIP FOR A YOUNG MAGICIAN WHO IS INTERESTED IN THEMAGIC ART AND HAVE FINANCIAL NEEDS.$1,000
MARK R KALIN
148 GREENRIDGE DRRENONV89509NONEIGIVE GRANTS TO MAGICIANS IN DEVASTATING FINANCIAL NEED, USUALLY DUE TO HEALTH.$1,500
PAUL BURDICK
1772 ORCHID AVEHOLLYWOODCA90028NONEIGIVE GRANTS TO MAGICIANS IN DEVASTATING FINANCIAL NEED, USUALLY DUE TO HEALTH.$1,500
TANNEN'S MAGIC CAMP
45 W 34TH ST 608NEW YORKNY10001NONEPOFSCHOLARSHIP FOR YOUNG MAGICIANS WHO ARE INTERESTED IN THE MAGIC ART AND HAVE FINANCIAL NEEDS.$3,790
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$18,290TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Program Service Revenue Dtl ProgramServiceRevenueDtl

FieldValueIRS element (for citing)
DescINCOME FR. SPECIAL EVENTSDesc

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$381ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$381ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$381TotalIncomeProducingActyAmt

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

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (4 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt
ADVERTISING$5,400
AWARDS$1,000
D & O INSURANCE$444
POSTAGE/P.O. BOX RENTAL$574

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