LEVINE FAMILY FOUNDATION INC: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
LEVINE FAMILY FOUNDATION INC (EIN 13-3476578)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-11-15
IRS object ID
202413209349101856
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)
Return2024-11-15T06:26:43-08:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1STEPHEN A HILCKEN CPABusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line12228 WALSALL STAddressLine1Txt
CitySEAFORDCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11783ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN133476578EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1LEVINE FAMILY FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlLEVIBusinessNameControlTxt
Phone9146323124PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line153 TRENOR DRIVEAddressLine1Txt
CityNEW ROCHELLECityNm
State AbbreviationNYStateAbbreviationCd
ZIP10804ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonBERNARD SEGALPersonNm
Person TitleTREASURERPersonTitleTxt
Phone9146323124PhoneNum
Signature2024-11-14SignatureDt
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 PersonStephen A HilckenPreparerPersonNm
PTINP01029906PTIN
Phone5168266045PhoneNum
Preparation2024-11-15PreparationDt
Self EmployedYes (X)SelfEmployedInd
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$3,975,345FMVAssetsEOYAmt
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$110,790DividendsRevAndExpnssAmt
Dividends Net Invst Incm$110,790DividendsNetInvstIncmAmt
Dividends Adj Net Incm$110,790DividendsAdjNetIncmAmt
Cap Gain Net Incm Net Invst Incm$0CapGainNetIncmNetInvstIncmAmt
Net ST Capital Gain Adj Net Incm$0NetSTCapitalGainAdjNetIncmAmt
Gross Profit Rev And Expnss$0GrossProfitRevAndExpnssAmt
Other Income Rev And Expnss$0OtherIncomeRevAndExpnssAmt
Total Rev And Expnss$110,790TotalRevAndExpnssAmt
Total Net Invst Incm$110,790TotalNetInvstIncmAmt
Total Adj Net Incm$110,790TotalAdjNetIncmAmt
Legal Fees Rev And Expnss$0LegalFeesRevAndExpnssAmt
Accounting Fees Rev And Expnss$0AccountingFeesRevAndExpnssAmt
Other Prof Fees Rev And Expnss$38,893OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$38,893OtherProfFeesNetInvstIncmAmt
Other Prof Fees Adj Net Incm$38,893OtherProfFeesAdjNetIncmAmt
Other Prof Fees Dsbrs Chrtbl$38,893OtherProfFeesDsbrsChrtblAmt
Taxes Rev And Expnss$0TaxesRevAndExpnssAmt
Deprec And Dpltn Rev And Expnss$0DeprecAndDpltnRevAndExpnssAmt
Other Expenses Rev And Expnss$0OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$38,893TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$38,893TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm$38,893TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$38,893TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$255,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$255,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$293,893TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$38,893TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm$38,893TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$293,893TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$183,103ExcessRevenueOverExpensesAmt
Net Investment Income$71,897NetInvestmentIncomeAmt
Adjusted Net Income$71,897AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$1,937,131CashBOYAmt
Cash EOY$826,022CashEOYAmt
Cash EOYFMV$826,022CashEOYFMVAmt
Rcvbl From Officers EOY$0RcvblFromOfficersEOYAmt
Other Nts And Loans Rcvbl EOY$0OtherNtsAndLoansRcvblEOYAmt
Corporate Stock BOY$1,840,006CorporateStockBOYAmt
Corporate Stock EOY$2,722,631CorporateStockEOYAmt
Corporate Stock EOYFMV$3,149,323CorporateStockEOYFMVAmt
Land Bldg Investments EOY$0LandBldgInvestmentsEOYAmt
Other Investments EOY$0OtherInvestmentsEOYAmt
Land EOY$0LandEOYAmt
Other Assets BOY$0OtherAssetsBOYAmt
Other Assets EOY$0OtherAssetsEOYAmt
Other Assets EOYFMV$0OtherAssetsEOYFMVAmt
Total Assets BOY$3,777,137TotalAssetsBOYAmt
Total Assets EOY$3,548,653TotalAssetsEOYAmt
Total Assets EOYFMV$3,975,345TotalAssetsEOYFMVAmt
Loans From Officers EOY$0LoansFromOfficersEOYAmt
Mortgages And Notes Payable EOY$0MortgagesAndNotesPayableEOYAmt
Other Liabilities BOY$0OtherLiabilitiesBOYAmt
Other Liabilities EOY$0OtherLiabilitiesEOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$3,777,137NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$3,548,653NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$3,777,137TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$3,548,653TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$3,777,137TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$3,548,653TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$3,777,137TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$183,103ExcessRevenueOverExpensesAmt
Other Increases-$1,786OtherIncreasesAmt
Subtotal$3,592,248SubtotalAmt
Other Decreases$43,595OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$3,548,653TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
PropertySEE STATEMENT ATTACHEDPropertyDesc
How AcquiredPHowAcquiredCd
Acquired2023-01-01AcquiredDt
Sold2023-12-31SoldDt
Gross Sales Price$4,578,640GrossSalesPriceAmt
Depreciation$0DepreciationAmt
Cost Or Other Basis$4,622,235CostOrOtherBasisAmt
Gain Or Loss-$43,595GainOrLossAmt
FMV As Of123169$0FMVAsOf123169Amt
Adjusted Basis As Of123169$0AdjustedBasisAsOf123169Amt
Excess FMV Over Adjusted Bss$0ExcessFMVOverAdjustedBssAmt
Gains Minus Excess Or Losses-$43,595GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income-$43,595CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss-$43,595NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$999InvestmentIncomeExciseTaxAmt
Tax Under Section511$0TaxUnderSection511Amt
Subtotal$999SubtotalAmt
Subtitle A Tax$0SubtitleATaxAmt
Tax Based On Investment Income$999TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$15,758EstimatedPlusOvpmtIncmTxAmt
Extsn Request Income Tax Paid$0ExtsnRequestIncomeTaxPaidAmt
Total Payments And Credits$15,758TotalPaymentsAndCreditsAmt
Original Return Overpayment-$15,758OriginalReturnOverpaymentAmt
Overpayment$14,759OverpaymentAmt
Applied To ES Tax$14,759AppliedToESTaxAmt

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
Individual With BooksBERNARD SEGALIndividualWithBooksNm
Phone9146323124PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line153 TRENOR DRIVEAddressLine1Txt
CityNEW ROCHELLECityNm
State AbbreviationNYStateAbbreviationCd
ZIP10804ZIPCd
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
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 PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
LINDA ROTHMAN LEVINE
605 EAST 82ND STREETNEW YORKNY10026PREDIDENT3.00$0$0$0
HARRY LEVINE
400 EAST 77TH STREETNEW YORKNY10075V. PRESIDENT1.00$0$0$0
BERNARD SEGAL
53 TRENOR DRIVENEW ROCHELLENY10804TREASURER5.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Other Employee Paid Over50k0OtherEmployeePaidOver50kCnt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt
Contractor Paid Over50k0ContractorPaidOver50kCnt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1NONEDescription1Txt
Expenses1$0Expenses1Amt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1NONEDescription1Txt
Expenses1$0Expenses1Amt
Total$0TotalAmt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$2,592,800AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$1,381,577AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$3,974,377TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$3,974,377AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$59,616CashDeemedCharitableAmt
Net Vl Noncharitable Assets$3,914,761NetVlNoncharitableAssetsAmt
Minimum Investment Return$195,738MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$195,738MinimumInvestmentReturnAmt
Tax Based On Investment Income$999TaxBasedOnInvestmentIncomeAmt
Total Tax$999TotalTaxAmt
Distributable Before Adj$194,739DistributableBeforeAdjAmt
Distributable Before Ded$194,739DistributableBeforeDedAmt
Distributable As Adjusted$194,739DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$293,893ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Qualifying Distributions$293,893QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$194,739DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$146,376ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$137,518ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$299,950ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$324,490ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$325,207ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$1,233,541TotalExcessDistributionCyovAmt
Qualifying Distributions$293,893QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Remaining Distri From Corpus$293,893RemainingDistriFromCorpusAmt
Total Corpus$1,527,434TotalCorpusAmt
Prior Year Undistributed Incm$0PriorYearUndistributedIncmAmt
Taxable1$0Taxable1Amt
Taxable2$0Taxable2Amt
Undistributed Income CY$194,739UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$146,376ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$1,381,058ExcessDistriCyovToNextYrAmt
Excess From Year4$137,518ExcessFromYear4Amt
Excess From Year3$299,950ExcessFromYear3Amt
Excess From Year2$324,490ExcessFromYear2Amt
Excess From Year1$325,207ExcessFromYear1Amt
Excess From Current Year$293,893ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerNONEContributingManagerNm
Shareholder ManagerNONEShareholderManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (10 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
NYU GROSSMAN MEDICAL CENTER
550 FIRST AVENUENEW YORKNY10016PCMEDICAL RESEARCH$50,000
BRANDEIS UNIVERSITY
414 SOUTH STREETWALTHAMMA02453PCSTUDENT SCHOLARSHIP$25,000
PLANNED PARENTHOOD
123 WILLIAM STREETNEW YORKNY10038PCWOMENS HEALTH$25,000
UJA FEDERATION
130 EAST 59TH STREETNEW YORKNY10022PCCOMMUNAL CHARITY$20,000
SAVE THE CHILDREN
501 KINGS HIGHWAYFAIRFIELDCT06825PCCHIDRENS WELFARE$25,000
COALITION FOR THE HOMELESS
129 FULTON STREETNEW YORKNY10038PCHOMELESS WELFARE$20,000
ACLU
125 BROAD STREETNEW YORKNY10004PCCIVIL LIBERTIES$25,000
ANER JEWISH WORLD SERVICES
45 WEST 36TH STREETNEW YORKNY10018PCWORLDWIDE SOCIAL SERVICES$20,000
DOCTORS WITHOUT BORDERS
PO BOX 5022HAGERSTOWNMD21741PCWORLDWIDE SOCIAL SERVICES$25,000
AMER COM WEITZMAN SCIENCE
633 THIRD AVENUENEW YORKNY10017PCSCIENTIFIC RESEARCH$20,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$255,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion6ExclusionCd
Exclusion$110,790ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$110,790ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$110,790TotalIncomeProducingActyAmt

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 Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

FieldValueIRS element (for citing)
DescCAPITAL LOSSESDesc
Amt$43,595Amt

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail (2 entries)

DescDescAmtAmt
CAPITAL GAINS$0
MISCELLANEOUS DEDUCTION-$1,786

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.