DAVID J SOLOWAY FOUNDATION INC: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
DAVID J SOLOWAY FOUNDATION INC (EIN 20-1360694)
Tax period
2021-12-01 to 2022-11-30
Filed
2023-04-14
IRS object ID
202331049349100213
Schema version
2021v4.2
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)
Return2023-04-14T10:33:24-05:00ReturnTs
Tax Period End2022-11-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Foundation SourceBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line13333 New Hyde Park Rd Ste 406AddressLine1Txt
CityNew Hyde ParkCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11042ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2021-12-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN201360694EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1The David J Soloway Foundation IncBusinessNameLine1Txt
FieldValueIRS element (for citing)
In Care Of% Foundation SourceInCareOfNm
Business Name ControlDAVIBusinessNameControlTxt
Phone9176562627PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12014 S Federal Hwy B-107AddressLine1Txt
CityBoynton BeachCityNm
State AbbreviationFLStateAbbreviationCd
ZIP33435ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
Persondavid j solowayPersonNm
Person TitlepresidentPersonTitleTxt
Phone8008391754PhoneNum
Signature2023-04-10SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person Firstdavid jPersonFirstNm
Person LastsolowayPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJeffrey D HaskellPreparerPersonNm
PTINP01345770PTIN
Phone8008391754PhoneNum

Additional Filer Information AdditionalFilerInformation

FieldValueIRS element (for citing)
Trusted CustomerTrustedCustomerGrp
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$3,642,946FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$0ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$851InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$844InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$43,687DividendsRevAndExpnssAmt
Dividends Net Invst Incm$43,345DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss-$383NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$763,175GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$0CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss$501OtherIncomeRevAndExpnssAmt
Total Rev And Expnss$44,656TotalRevAndExpnssAmt
Total Net Invst Incm$44,189TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$0CompOfcrDirTrstRevAndExpnssAmt
Interest Rev And Expnss$158InterestRevAndExpnssAmt
Interest Net Invst Incm$157InterestNetInvstIncmAmt
Taxes Rev And Expnss$700TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss$8,156OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$8,156OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$9,014TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$157TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$8,156TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$178,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$178,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$187,014TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$157TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$186,156TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$142,358ExcessRevenueOverExpensesAmt
Net Investment Income$44,032NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst EOY$455,403SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$455,403SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$2,278,912CorporateStockBOYAmt
Corporate Stock EOY$1,569,962CorporateStockEOYAmt
Corporate Stock EOYFMV$3,187,543CorporateStockEOYFMVAmt
Total Assets BOY$2,278,912TotalAssetsBOYAmt
Total Assets EOY$2,025,365TotalAssetsEOYAmt
Total Assets EOYFMV$3,642,946TotalAssetsEOYFMVAmt
Other Liabilities BOY$111,189OtherLiabilitiesBOYAmt
Total Liabilities BOY$111,189TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$2,167,723RetainedEarningBOYAmt
Retained Earning EOY$2,025,365RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$2,167,723TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$2,025,365TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$2,278,912TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$2,025,365TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$2,167,723TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$142,358ExcessRevenueOverExpensesAmt
Subtotal$2,025,365SubtotalAmt
Tot Net Ast Or Fund Balances EOY$2,025,365TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)

PropertyPropertyDescGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
Publicly-traded Securities$763,175$763,558-$383-$383
ALLOCATED TO UBTI-ACQ INDEBTEDNESS$0$3$0
FieldValueIRS element (for citing)
Capital Gain Net Income-$380CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$612InvestmentIncomeExciseTaxAmt
Subtotal$612SubtotalAmt
Tax Based On Investment Income$612TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$724EstimatedPlusOvpmtIncmTxAmt
Exempt Frgn Org Tax Wthld At Srce$0ExemptFrgnOrgTaxWthldAtSrceAmt
Total Payments And Credits$724TotalPaymentsAndCreditsAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$0EsPenaltyAmt
Overpayment$112OverpaymentAmt
Applied To ES Tax$112AppliedToESTaxAmt

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 StateFLOrgReportOrRegisterStateCd
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

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1Foundation SourceBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone8008391754PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1501 Silverside Road Suite 123AddressLine1Txt
CityWilmingtonCityNm
State AbbreviationDEStateAbbreviationCd
ZIP198091377ZIPCd
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 (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
Raymond DeStasio
2014 S Federal Hwy B-107Boynton BeachFL33435Dir1.0$0$0$0
David J Soloway
2014 S Federal Hwy B-107Boynton BeachFL33435Pres, Dir, Treas1.0$0$0$0
FieldValueIRS element (for citing)
Summary Of Direct Chrtbl ActySummaryOfDirectChrtblActyGrp
Sum Of Program Related InvstSumOfProgramRelatedInvstGrp

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$3,429,836AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$342,736AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$3,772,572TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness$7,330AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$3,765,242AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$56,479CashDeemedCharitableAmt
Net Vl Noncharitable Assets$3,708,763NetVlNoncharitableAssetsAmt
Minimum Investment Return$185,438MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$185,438MinimumInvestmentReturnAmt
Tax Based On Investment Income$612TaxBasedOnInvestmentIncomeAmt
Total Tax$612TotalTaxAmt
Distributable Before Adj$184,826DistributableBeforeAdjAmt
Distributable Before Ded$184,826DistributableBeforeDedAmt
Distributable As Adjusted$184,826DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$186,156ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Charitable Assets Acquis Paid$0CharitableAssetsAcquisPaidAmt
Set Aside Suitability Test$0SetAsideSuitabilityTestAmt
Set Aside Cash Distri Test$0SetAsideCashDistriTestAmt
Qualifying Distributions$186,156QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$184,826DistributableAsAdjustedAmt
Undistributed Income PY$176,751UndistributedIncomePYAmt
Prior Year12019PriorYear1Yr
Prior Year22018PriorYear2Yr
Prior Year32017PriorYear3Yr
Qualifying Distributions$186,156QualifyingDistributionsAmt
Applied To Year1$176,751AppliedToYear1Amt
Applied To Current Year$9,405AppliedToCurrentYearAmt
Remaining Distri From Corpus$0RemainingDistriFromCorpusAmt
Total Corpus$0TotalCorpusAmt
Undistributed Income CY$175,421UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$0ExcessDistriCyovToNextYrAmt
Excess From Current Year$0ExcessFromCurrentYearAmt
FieldValueIRS element (for citing)
Private Operating FoundationsPrivateOperatingFoundationsGrp

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (6 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
AMERICAN FRIENDS OF YAD ELIEZER INC
410 GLENN RDJACKSONNJ08527N/APCWidows and Orphans Fund$13,000
AMIT CHILDREN INC
49 W 37TH ST 5TH FLOORNEW YORKNY10018N/APCMother-in-Israel Campaign$50,000
DISABLED AMERICAN VETERANS CHARITABLE SERVICE TRUS
860 DOLWICK DRERLANGERKY41018N/APCPrograms of Service to Disabled American Veterans$5,000
FRIENDS OF ISRAEL DISABLED VETERANS INC BEIT HALO
1133 BROADWAY STE 318NEW YORKNY10010N/APCPrograms of Service that directly benefit Disabled Israeli Veterans$50,000
FRIENDS OF THE ISRAEL DEFENSE FORCES
60 E 42ND STNEW YORKNY10165N/APCDignity Program$50,000
UNIVERSITY OF MIAMI - THE MIAMI PROJECT TO CURE PA
1095 NW 14TH TERRACE R-48MIAMIFL33136N/APCMiami Project to Cure Paralysis$10,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$178,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

FieldValueIRS element (for citing)
Fees Contracts From Govt AgFeesContractsFromGovtAgGrp
Membership Dues And AssmntMembershipDuesAndAssmntGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Business525990BusinessCd
Unrelated Business Taxbl Incm$7UnrelatedBusinessTaxblIncmAmt
Exclusion14ExclusionCd
Exclusion$844ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Business525990BusinessCd
Unrelated Business Taxbl Incm$342UnrelatedBusinessTaxblIncmAmt
Exclusion14ExclusionCd
Exclusion$43,345ExclusionAmt
FieldValueIRS element (for citing)
Net Rntl Incm Re Debt Fincd PropNetRntlIncmReDebtFincdPropGrp
Net Rntl Incm Re Not Debt Fincd PropNetRntlIncmReNotDebtFincdProp
Net Rental Income Personal PropNetRentalIncomePersonalPropGrp
Other Investment IncomeOtherInvestmentIncomeGrp

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Business525990BusinessCd
Unrelated Business Taxbl Incm-$3UnrelatedBusinessTaxblIncmAmt
Exclusion18ExclusionCd
Exclusion-$380ExclusionAmt
FieldValueIRS element (for citing)
Net Income Loss From Special EvtNetIncomeLossFromSpecialEvtGrp
Gross Profit Loss Sls Of InvntryGrossProfitLossSlsOfInvntryGrp

Other Revenue Described OtherRevenueDescribedGrp

FieldValueIRS element (for citing)
DescSTATE TAX REFUNDDesc
Exclusion01ExclusionCd
Exclusion$501ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$346UnrelatedBusinessTaxblIncmAmt
Exclusion$44,310ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$44,656TotalIncomeProducingActyAmt

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

Depreciation Schedule DepreciationSchedule

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (5 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
AMAZON COM$424,360$260,658
APPLE INC$50,454$234,776
ORACLE CORP$576,930$2,167,913
SELECT SECTOR SPDR ENERGY FUND$49,856$69,274
TECHNOLOGY SPDR$468,362$454,922

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
Administrative Fees$8,095$8,095
State or Local Filing Fees$61$61

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
DescState Tax REfundDesc
Revenue And Expenses Per Books$501RevenueAndExpensesPerBooksAmt

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities Detail OtherLiabilitiesDetail

FieldValueIRS element (for citing)
DescLINE OF CREDITDesc
BOY Book Value$111,189BOYBookValueAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
Category990-PF Estimated Tax for 2022CategoryTxt
Amt$700Amt

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