AOUNI FAKS FOUNDATION: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
AOUNI FAKS FOUNDATION (EIN 30-6004475)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-11-12
IRS object ID
202413179349102611
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)
Return2024-11-12T12:01:03-08:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN921472936PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1ADEPTUS ADVISORS LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1244 WEST 54TH STREET 9TH FLOORAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10019ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN306004475EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1AOUNI FAKS FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlAOUNBusinessNameControlTxt
Phone7188591110PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line14302 FARRAGUT ROADAddressLine1Txt
CityBROOKLYNCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11203ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDANIEL FAKSPersonNm
Person TitleTreasurerPersonTitleTxt
Signature2024-11-12SignatureDt
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 PersonJOSEPH CALVO CPAPreparerPersonNm
PTINP00637286PTIN
Phone2127588050PhoneNum
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2024-10-15 13:58:12ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$883,583FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$218,000ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$8,153InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$8,153InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$25,549DividendsRevAndExpnssAmt
Dividends Net Invst Incm$25,549DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss-$2,156NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$67,307GrossSalesPriceAmt
Total Rev And Expnss$249,546TotalRevAndExpnssAmt
Total Net Invst Incm$33,702TotalNetInvstIncmAmt
Taxes Rev And Expnss$1,225TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss$562OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$562OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$1,787TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$562TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$168,490ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$168,490ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$170,277TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$562TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$168,490TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$79,269ExcessRevenueOverExpensesAmt
Net Investment Income$33,140NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$412,894SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$473,628SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$473,628SavAndTempCashInvstEOYFMVAmt
Corporate Bonds BOY$452,994CorporateBondsBOYAmt
Corporate Bonds EOY$471,529CorporateBondsEOYAmt
Corporate Bonds EOYFMV$409,955CorporateBondsEOYFMVAmt
Total Assets BOY$865,888TotalAssetsBOYAmt
Total Assets EOY$945,157TotalAssetsEOYAmt
Total Assets EOYFMV$883,583TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$865,888NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$945,157NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$865,888TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$945,157TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$865,888TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$945,157TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$865,888TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$79,269ExcessRevenueOverExpensesAmt
Subtotal$945,157SubtotalAmt
Tot Net Ast Or Fund Balances EOY$945,157TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (4 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
PUBLICLY TRADED SECURITIESP2020-06-092023-05-16$9,798$9,453$345$345
PUBLICLY TRADED SECURITIESP2022-10-072023-05-16$9,798$9,332$466$466
PUBLICLY TRADED SECURITIESP2021-08-052023-11-22$36,408$38,156-$1,748-$1,748
PUBLICLY TRADED SECURITIESP2021-01-212023-11-28$11,303$12,522-$1,219-$1,219
FieldValueIRS element (for citing)
Capital Gain Net Income-$2,156CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss$466NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$461InvestmentIncomeExciseTaxAmt
Subtotal$461SubtotalAmt
Tax Based On Investment Income$461TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$1,659EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$1,659TotalPaymentsAndCreditsAmt
Overpayment$1,198OverpaymentAmt
Applied To ES Tax$1,198AppliedToESTaxAmt

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 Line1DANIEL FAKSBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone7188591110PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line14302 FARRAGUT ROADAddressLine1Txt
CityBROOKLYNCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11203ZIPCd
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
DANIEL FAKS
4302 FARRAGUT ROADBROOKLYNNY11203Treasurer0.00$0
IBRAHIM FAKS
4302 FARRAGUT ROADBROOKLYNNY11203Vice President0.00$0
FREDDY FAKS
4302 FARRAGUT ROADBROOKLYNNY11203Secretary0.00$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$379,078AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$424,984AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$804,062TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$804,062AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$12,061CashDeemedCharitableAmt
Net Vl Noncharitable Assets$792,001NetVlNoncharitableAssetsAmt
Minimum Investment Return$39,600MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$39,600MinimumInvestmentReturnAmt
Tax Based On Investment Income$461TaxBasedOnInvestmentIncomeAmt
Total Tax$461TotalTaxAmt
Distributable Before Adj$39,139DistributableBeforeAdjAmt
Distributable Before Ded$39,139DistributableBeforeDedAmt
Distributable As Adjusted$39,139DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$168,490ExpensesAndContributionsAmt
Qualifying Distributions$168,490QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$39,139DistributableAsAdjustedAmt
Undistributed Income PY$6,154UndistributedIncomePYAmt
Qualifying Distributions$168,490QualifyingDistributionsAmt
Applied To Year1$6,154AppliedToYear1Amt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$39,139AppliedToCurrentYearAmt
Remaining Distri From Corpus$123,197RemainingDistriFromCorpusAmt
Total Corpus$123,197TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$123,197ExcessDistriCyovToNextYrAmt
Excess From Current Year$123,197ExcessFromCurrentYearAmt

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 Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
YESHIVAT DARCHE ERES INC
325 AVENUE YBROOKLYNNY11223PCFUNDS FOR EDUCATIONAL INSTITUTIONS AND THEIR ACTIVITIES$40,200
YESHIVA SHAAREI TORAH
91 CARLTON ROAD WESTSUFFERNNY10901PCFUNDS FOR EDUCATIONAL INSTITUTIONS AND THEIR ACTIVITIES$26,300
MAGEN DAVID YESHIVA
2130 MCDONALD AVEBROOKLYNNY11223PCFUNDS FOR EDUCATIONAL INSTITUTIONS AND THEIR ACTIVITIES$101,990
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$168,490TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$8,153ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$25,549ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion-$2,156ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$31,546ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$31,546TotalIncomeProducingActyAmt

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

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
General RuleYes (X)GeneralRuleInd

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1WORLD OF CHANTILLY INCBusinessNameLine1Txt

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line14302 FARRAGUT ROADAddressLine1Txt
CityBROOKLYNCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11203ZIPCd
FieldValueIRS element (for citing)
Total Contributions$218,000TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule

Investments Corporate Bonds InvestmentsCorporateBondsGrp (19 entries)

BondBondNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
ENERGY TRANSFER LP BOND$20,403$19,006
REDWOOD TR INC BOND$10,253$9,800
CIT GROUP INC NOTE$5,023$5,023
EQUITABLE HLDGS INC BOND$26,003$23,789
SOFTBANK GROUP CORP BOND 6.875%$66,478$66,745
AIR LEASE CORP BOND$10,102$8,978
AXIS SPECIALTY FINANCE LLC NOTE$42,364$33,245
JEFFERIES FINANCIAL GROUP INC MTN$27,335$17,336
LINCOLN NATL CORP IND NOTE$22,159$16,718
PETROLEOUS MEXICANOS MTN REG S$56,943$36,990
SCHWAB CHARLES CORP BOND$24,753$22,037
FS KKR CAP CORP NOTE$22,636$21,787
FREEPORT MCMORAN INC NOTE$14,553$15,160
FIRST CTZNS BK & TR CO RALEIGH NOTE$15,565$14,479
CITIZENS FINL GROUP INC NOTE 4.3%$19,003$19,474
CITIZENS BK N A DEL NOTE 5.284%$24,378$24,190
CAPITAL ONE FINL CORP NOTE 3.75%$18,803$19,153
CITIGROUP INC SER H MTN$24,532$15,914
FREEPORT MCMORAN INC NOTE CALL MAKE$20,243$20,131

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescINVESTMENT EXPENSESDesc
Revenue And Expenses Per Books$562RevenueAndExpensesPerBooksAmt
Net Investment Income$562NetInvestmentIncomeAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryFEDERAL EXCISE TAXCategoryTxt
Amt$1,225Amt

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