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FIRST SCHOOL FINANCIAL AID TRUST HONORING THE MEMORY OF C MARKMAN: Form 990EZ, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
FIRST SCHOOL FINANCIAL AID TRUST HONORING THE MEMORY OF C MARKMAN (EIN 95-7092089)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-11-23
IRS object ID
202423289349200002
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)
Return2024-11-23T06:23:06-08:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN743255903PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Charles J Marcus CPABusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1825 Wilshire Blvd 719AddressLine1Txt
CitySanta MonicaCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90401ZIPCd
FieldValueIRS element (for citing)
Return Type990EZReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN957092089EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1First School Financial Aid TrustBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlFIRSBusinessNameControlTxt
Phone3107747116PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1731 Pine StAddressLine1Txt
CitySanta MonicaCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90405ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonKim IsraelPersonNm
Person TitleTrusteePersonTitleTxt
Signature2024-11-22SignatureDt
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 PersonCHARLES MARCUSPreparerPersonNm
PTINP00235865PTIN
Phone4247447356PhoneNum
Self EmployedYes (X)SelfEmployedInd
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2024-10-15 13:58:12ZBuildTS

Form 990-EZ IRS990EZ

FieldValueIRS element (for citing)
Method Of Accounting CashYes (X)MethodOfAccountingCashInd
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Website AddressN/AWebsiteAddressTxt
Organization501c3Yes (X)Organization501c3Ind
Gross Receipts$180,266GrossReceiptsAmt
Info In Schedule O Part IYes (X)InfoInScheduleOPartIInd
Contributions Gifts Grants Etc$56,686ContributionsGiftsGrantsEtcAmt
Investment Income$177InvestmentIncomeAmt
Cost Or Other Basis Expense Sale$0CostOrOtherBasisExpenseSaleAmt
Fundraising Gross Income$123,403FundraisingGrossIncomeAmt
Special Events Direct Expenses$18,617SpecialEventsDirectExpensesAmt
Special Events Net Income Loss$104,786SpecialEventsNetIncomeLossAmt
Cost Of Goods Sold$0CostOfGoodsSoldAmt
Total Revenue$161,649TotalRevenueAmt
Grants And Similar Amounts Paid$86,900GrantsAndSimilarAmountsPaidAmt
Other Expenses Total$1,492OtherExpensesTotalAmt
Total Expenses$88,392TotalExpensesAmt
Excess Or Deficit For Year$73,257ExcessOrDeficitForYearAmt
Net Assets Or Fund Balances BOY$264,299NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$337,556NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIYes (X)InfoInScheduleOPartIIInd

Cash Savings And Investments CashSavingsAndInvestmentsGrp

FieldValueIRS element (for citing)
BOY$261,799BOYAmt
EOY$335,056EOYAmt

Other Assets Total Detail OtherAssetsTotalDetail

FieldValueIRS element (for citing)
BOY$2,500BOYAmt
EOY$2,500EOYAmt

Form990 Total Assets Form990TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$264,299BOYAmt
EOY$337,556EOYAmt

Net Assets Or Fund Balances NetAssetsOrFundBalancesGrp

FieldValueIRS element (for citing)
BOY$264,299BOYAmt
EOY$337,556EOYAmt
FieldValueIRS element (for citing)
Primary Exempt PurposeTo provide scholarships to children to attend preschool.PrimaryExemptPurposeTxt

Program Srvc Accomplishment ProgramSrvcAccomplishmentGrp

FieldValueIRS element (for citing)
Description Program Srvc AccomThe First School Financial Aid Trust achieved its goal in providing a vast number of scholarships for children to attend an early childhood school in Santa Monica,CA. Without the financial assistance of the Fund, the donee families would be financially unable to provide for their children's attendance at the First School. Twelve grants were made to qualifying parents during calendar year 2023.DescriptionProgramSrvcAccomTxt
Grants And Allocations$86,900GrantsAndAllocationsAmt
Program Service Expenses$1,492ProgramServiceExpensesAmt
FieldValueIRS element (for citing)
Total Program Service Expenses$1,492TotalProgramServiceExpensesAmt

Officer Director Trustee Empl OfficerDirectorTrusteeEmplGrp (7 entries)

TitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
Kim Israel
Trustee2.00$0
Kristyn Romans
Trustee2.00$0
Debra Sunshine
Trustee2.00$0
Clarissa Hoffman
Trustee2.00$0
Catherine Myman-Kaplan
Trustee2.00$0
Sarah Bromell
Trustee2.00$0
Katie Rivera
Treasurer2.00$0
FieldValueIRS element (for citing)
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Chg Made To Orgnzng Doc Not RptfalseChgMadeToOrgnzngDocNotRptInd
Organization Had UBIfalseOrganizationHadUBIInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Form1120 Pol FiledfalseForm1120PolFiledInd
Made Loans To From OfficersfalseMadeLoansToFromOfficersInd
Tax Imposed Under IRC4911$0TaxImposedUnderIRC4911Amt
Tax Imposed Under IRC4912$0TaxImposedUnderIRC4912Amt
Tax Imposed Under IRC4955$0TaxImposedUnderIRC4955Amt
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
Tax Imposed On Organization Mgr$0TaxImposedOnOrganizationMgrAmt
Tax Reimbursed By Organization$0TaxReimbursedByOrganizationAmt
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonKatie RiveraPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1330 S BarringtonAddressLine1Txt
CityLos AngelesCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90049ZIPCd
FieldValueIRS element (for citing)
Phone2134481340PhoneNum
FieldValueIRS element (for citing)
Foreign Financial AccountfalseForeignFinancialAccountInd
Foreign OfficefalseForeignOfficeInd
Donor Advised FndsfalseDonorAdvisedFndsInd
Operate HospitalfalseOperateHospitalInd
Tanning Services ProvidedfalseTanningServicesProvidedInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Transaction With Control EntfalseTransactionWithControlEntInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
School OperatingfalseSchoolOperatingInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Part VI Of Comp Of Hghst Pd EmplNONEPartVIOfCompOfHghstPdEmplTxt
Part VI Hghst Pd Cntrct Prof SrvcNONEPartVIHghstPdCntrctProfSrvcTxt
Filed Schedule AYes (true)FiledScheduleAInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Publicly Supported Org509a2Yes (X)PubliclySupportedOrg509a2Ind

Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$26,024CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$312CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$633CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,024CurrentTaxYearMinus1YearAmt
Current Tax Year$56,686CurrentTaxYearAmt
Total$84,679TotalAmt

Gross Receipts Admissions GrossReceiptsAdmissionsGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$130,362CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$91,695CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$131,318CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$107,503CurrentTaxYearMinus1YearAmt
Current Tax Year$123,403CurrentTaxYearAmt
Total$584,281TotalAmt

Gross Receipts Non Unrlt Bus GrossReceiptsNonUnrltBusGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Tax Rev Levied Orgnztnl Bnft509 TaxRevLeviedOrgnztnlBnft509Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Govt Furn Srvc Fclts Vl509 GovtFurnSrvcFcltsVl509Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Total509 Total509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$156,386CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$92,007CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$131,951CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$108,527CurrentTaxYearMinus1YearAmt
Current Tax Year$180,089CurrentTaxYearAmt
Total$668,960TotalAmt

Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Substantial Contributors Amt SubstantialContributorsAmtGrp

FieldValueIRS element (for citing)
Total$0TotalAmt
FieldValueIRS element (for citing)
Public Support Total509$668,960PublicSupportTotal509Amt

Gross Investment Income509 GrossInvestmentIncome509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$50CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$430CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus1 Year$36CurrentTaxYearMinus1YearAmt
Total$516TotalAmt

Post1975 UBTI Post1975UBTIGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Investment Income And UBTI InvestmentIncomeAndUBTIGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$50CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$430CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus1 Year$36CurrentTaxYearMinus1YearAmt
Total$516TotalAmt

Net Income From Other UBI NetIncomeFromOtherUBIGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Other Income509 OtherIncome509Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Total Support Calendar Year TotalSupportCalendarYearGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$156,436CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$92,437CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$131,951CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$108,563CurrentTaxYearMinus1YearAmt
Current Tax Year$180,089CurrentTaxYearAmt
Total$669,476TotalAmt
FieldValueIRS element (for citing)
Public Support CY5090.99920PublicSupportCY509Pct
Public Support PY5090.99910PublicSupportPY509Pct
Investment Income CY0.00080InvestmentIncomeCYPct
Investment Income PY0.00090InvestmentIncomePYPct
Thirty Thr Pct Suprt Tests CY509Yes (X)ThirtyThrPctSuprtTestsCY509Ind

Schedule G IRS990ScheduleG

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1Annual Fundraiser DinnerEvent1Nm
Gross Receipts Event1$94,541GrossReceiptsEvent1Amt
Gross Revenue Event1$94,541GrossRevenueEvent1Amt
Other Direct Expenses Event1$18,617OtherDirectExpensesEvent1Amt
Event2Misc. FundraisingEvent2Nm
Gross Receipts Event2$28,862GrossReceiptsEvent2Amt
Gross Revenue Event2$28,862GrossRevenueEvent2Amt
Gross Receipts Total$123,403GrossReceiptsTotalAmt
Gross Revenue Total Events$123,403GrossRevenueTotalEventsAmt
Oth Direct Expnss Total Events$18,617OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$18,617DirectExpenseSummaryEventsAmt
Net Income Summary$104,786NetIncomeSummaryAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (14 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Grants and Similar Amounts Paid In Excess of $5,000.2| Donee's Name: Jolie Sawran | Donee's Address: 1481 S. Westgate Los Angeles CA 90064 | Cash Amount Given: $9600
Grants and Similar Amounts Paid In Excess of $5,000.3| Donee's Name: Marti Smith | Donee's Address: 5750 W. 85th Pl Los Angeles CA 90045 | Cash Amount Given: $5850
Grants and Similar Amounts Paid In Excess of $5,000.7| Donee's Name: Steven Hernandez | Donee's Address: 1148 S. Serrano Ave Los Angeles CA 90006 | Cash Amount Given: $11400
Grants and Similar Amounts Paid In Excess of $5,000.10| Donee's Name: Thiago Bove | Donee's Address: 4111 Via Marina B305 Marina Del Rey CA 90292 | Cash Amount Given: $17350
Grants and Similar Amounts Paid In Excess of $5,000.12| Donee's Name: Vayu Froman -O'Donnell | Donee's Address: 10305 Almayo Ave Los Angeles CA 90064 | Cash Amount Given: $6450
Grants and Similar Amounts Paid In Excess of $5,000.13| Donee's Name: Bruna Pedroza | Donee's Address: 3565 Westwood Los Angeles CA 90034 | Cash Amount Given: $9600
Grants and Similar Amounts Paid In Excess of $5,000.14| Donee's Name: Laura Marcus | Donee's Address: 1331 Amherst Los Angeles CA 90025 | Cash Amount Given: $6450
Grants and Similar Amounts Paid In Excess of $5,000.17| Donee's Name: Kim Dossett | Donee's Address: 12813 Stanwood Los Angeles CA 90066 | Cash Amount Given: $8000
Grants and Similar Amounts Paid In Excess of $5,000.18| Donee's Name: Karen Hernandez | Donee's Address: 11724 Daleside Ave Hawthorne CA 90250 | Cash Amount Given: $6800
Other Expenses.1Insurance $1000
Other Expenses.2Misc. $450
Other Expenses.3Office Exp $42
Other Assets.1Deposits - Beginning $2500 Deposits - Ending $2500
Statement Note 1Statement of special events:A) Annual Fundraiser Dinner: The organization's main event consisting of dinner, music, entertainment, and an auction of goods and services. This event is the main source of the organization's scholarship funds.Financial Summary:Gross Receipts $ 107,503Direct Expenses 8,196Net Income $ 99,307

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