DAVID SWOPE FUND U ART VIII OF REV TR DTD JULY 25 2017: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
DAVID SWOPE FUND U ART VIII OF REV TR DTD JULY 25 2017 (EIN 83-4034330)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-11-06
IRS object ID
202443119349101624
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)
Return2024-11-06T09:16:06-08:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN814682803PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1KIRSHENBAUM & URBAN LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line110 Bank Street STE 580AddressLine1Txt
CityWhite PlainsCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10606ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN834034330EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1DAVID SWOPE FUND U ART VIII OF REV TRBusinessNameLine1Txt
Business Name Line2DTD JULY 25 2017BusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlDAVIBusinessNameControlTxt
Phone9147620010PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line13492 CURRY STREETAddressLine1Txt
CityYORKTOWN HEIGHTSCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10598ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDOUGLAS KRAUSPersonNm
Person TitleTrusteePersonTitleTxt
Signature2024-03-28SignatureDt
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 PersonAdam A Urban CPAPreparerPersonNm
PTINP00636018PTIN
Phone9146860400PhoneNum
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$0FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$1,763,000ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$5,338InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$5,338InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$5,338InterestOnSavingsAdjNetIncmAmt
Other Income Rev And Expnss-$99,519OtherIncomeRevAndExpnssAmt
Total Rev And Expnss$1,668,819TotalRevAndExpnssAmt
Total Net Invst Incm$5,338TotalNetInvstIncmAmt
Total Adj Net Incm$5,338TotalAdjNetIncmAmt
Legal Fees Rev And Expnss$9,144LegalFeesRevAndExpnssAmt
Accounting Fees Rev And Expnss$2,800AccountingFeesRevAndExpnssAmt
Taxes Rev And Expnss$1TaxesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$11,945TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$1,327,500ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$1,327,500ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$1,339,445TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$1,327,500TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$329,374ExcessRevenueOverExpensesAmt
Net Investment Income$5,338NetInvestmentIncomeAmt
Adjusted Net Income$5,338AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$187,929SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$611,505SavAndTempCashInvstEOYAmt
Other Investments BOY$2,520,824OtherInvestmentsBOYAmt
Other Investments EOY$3,450,745OtherInvestmentsEOYAmt
Total Assets BOY$2,708,753TotalAssetsBOYAmt
Total Assets EOY$4,062,250TotalAssetsEOYAmt
Total Assets EOYFMV$0TotalAssetsEOYFMVAmt
Other Liabilities BOY$3,053,828OtherLiabilitiesBOYAmt
Other Liabilities EOY$4,077,951OtherLiabilitiesEOYAmt
Total Liabilities BOY$3,053,828TotalLiabilitiesBOYAmt
Total Liabilities EOY$4,077,951TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY-$345,075NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY-$15,701NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY-$345,075TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY-$15,701TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$2,708,753TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$4,062,250TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY-$345,075TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$329,374ExcessRevenueOverExpensesAmt
Subtotal-$15,701SubtotalAmt
Tot Net Ast Or Fund Balances EOY-$15,701TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$74InvestmentIncomeExciseTaxAmt
Subtotal$74SubtotalAmt
Tax Based On Investment Income$74TaxBasedOnInvestmentIncomeAmt
Tax Due$74TaxDueAmt
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 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 Line1DOUGLAS KRAUSBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone9147620010PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1CO ANNE HARRINGTON 3492 CURRY STAddressLine1Txt
CityYORKTOWN HEIGHTSCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10598ZIPCd
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
DOUGLAS KRAUS
1 NORTH LEXINGTON AVE 11TH FLWHITE PLAINSNY10601Trustee0.00$0
DOROTHEA SWOPE
1 NORTH LEXINGTON AVE 11TH FLWHITE PLAINSNY10601Trustee0.00$0
REBECCA SAMBERG
1 NORTH LEXINGTON AVE 11TH FLWHITE PLAINSNY10601Trustee0.00$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$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)
Tax Based On Investment Income$74TaxBasedOnInvestmentIncomeAmt
Total Tax$74TotalTaxAmt
Distributable Before Adj$74DistributableBeforeAdjAmt
Distributable Before Ded$74DistributableBeforeDedAmt
Distributable As Adjusted$0DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$1,327,500ExpensesAndContributionsAmt
Qualifying Distributions$1,327,500QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$0DistributableAsAdjustedAmt
Excess Distribution Cyov Yr4$10,000ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$90,000ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$2,705,000ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$3,255,000ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$6,060,000TotalExcessDistributionCyovAmt
Qualifying Distributions$1,327,500QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Remaining Distri From Corpus$1,327,500RemainingDistriFromCorpusAmt
Total Corpus$7,387,500TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$7,387,500ExcessDistriCyovToNextYrAmt
Excess From Year4$10,000ExcessFromYear4Amt
Excess From Year3$90,000ExcessFromYear3Amt
Excess From Year2$2,705,000ExcessFromYear2Amt
Excess From Year1$3,255,000ExcessFromYear1Amt
Excess From Current Year$1,327,500ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (10 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
TEATOWN
ONE PACE PLAZANEW YORKNY10038NONENCUNRESTRICTED$200,000
OSSINING CHILDRENS CENTER
32 STATE STREETOSSININGNY10562NONENCUNRESTRICTED$200,000
JACOB BURNS FILM
364 MANVILLE ROADPLEASANTVILLENY10570NONENCUNRESTRICTED$200,000
NEIGHBOR'S LINK
27 COLUMBUS AVENUEMOUNT KISCONY10549NONENCUNRESTRICTED$237,500
COMMUNITY FOUNDATION FOR NANTUCKET
9 BAYBERRY CTNANTUCKETMA02554NONENCUNRESTRICTED$200,000
OPEN ARMS FOR REFUGEES
86 E POST RDWHITE PLAINSNY10601NONENCUNRESTRICTED$75,000
WESTCHESTER RESIDENTIAL OPPS
470 MAMARONECK AVE 410WHITE PLAINSNY10605NONENCUNRESTRICTED$100,000
COMMUNITY CENTER OF NORTHERN WESTCHESTER
84 BEDFORD ROADKATONAHNY10536NONENCGENERAL CONTRIBUTION$50,000
KAPADIA EDUCATION FOUNDATION
PO BOX 730OJAICA93024NONENCGENERAL CONTRIBUTION$50,000
PACE UNIVERSITY
1 PACE PLAZANEW YORKNY10038NONENCGENERAL CONTRIBUTION$15,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$1,327,500TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion$5,338ExclusionAmt

Other Investment Income OtherInvestmentIncomeGrp

FieldValueIRS element (for citing)
Exclusion$99,519ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion-$94,181ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty-$94,181TotalIncomeProducingActyAmt

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 (2 entries)

ContributorContributorNumAddress Line1ContributorUSAddress/AddressLine1TxtCityContributorUSAddress/CityNmState AbbreviationContributorUSAddress/StateAbbreviationCdZIPContributorUSAddress/ZIPCdTotal ContributionsTotalContributionsAmtPerson ContributionPersonContributionInd
ESTATE OF DAVID SWOPE
13492 CURRY STREETYORKTOWN HEIGHTSNY10598$800,000Yes (X)
DAVID SWOPE REVOCABLE TRUST DTD 72
23492 CURRY STREETYORKTOWN HEIGHTSNY10598$963,000Yes (X)

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryACCOUNTING FEESCategoryTxt
Amt$2,800Amt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

FieldValueIRS element (for citing)
CategoryLEGAL FEESCategoryTxt
Legal Fees$9,144LegalFeesAmt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
DescOther Investment IncomeDesc
Revenue And Expenses Per Books-$99,519RevenueAndExpensesPerBooksAmt

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities Detail OtherLiabilitiesDetail

FieldValueIRS element (for citing)
DescTRANSFER OF ASSETSDesc
BOY Book Value$3,053,828BOYBookValueAmt
EOY Book Value$4,077,951EOYBookValueAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryFEDERAL TAXES DUE AND PAIDCategoryTxt
Amt$1Amt

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