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HELP SOM-CHILD FOUNDATION INC: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
HELP SOM-CHILD FOUNDATION INC (EIN 13-3319142)
Tax period
2021-07-01 to 2022-06-30
Filed
2023-05-09
IRS object ID
202301299349104685
Schema version
2021v4.1
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)
Return2023-05-09T12:35:33-07:00ReturnTs
Tax Period End2022-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN113549288PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Bruce A Rosen CPA PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line17 Cobblestone CourtAddressLine1Txt
CityCenterportCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11721ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2021-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN133319142EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE HELP SOM-CHILD FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlHELPBusinessNameControlTxt
Phone2125819340PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1590 MADISON AVENUE - 21ST FLOORAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10022ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonAMY MORGAN SOMMERPersonNm
Person TitlePresidentPersonTitleTxt
Signature2023-05-09SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstAMY MORGANPersonFirstNm
Person LastSOMMERPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonBRUCE A ROSEN CPAPreparerPersonNm
PTINP00041268PTIN
Phone6317541600PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
Federated Assurance LevelFAL1FederatedAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Address ChangeYes (X)AddressChangeInd
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$1,629,222FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$200ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$12InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$12InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$12InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$16,122DividendsRevAndExpnssAmt
Dividends Net Invst Incm$16,122DividendsNetInvstIncmAmt
Dividends Adj Net Incm$16,122DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$146,751NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$228,930GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$146,751CapGainNetIncmNetInvstIncmAmt
Net ST Capital Gain Adj Net Incm$3,323NetSTCapitalGainAdjNetIncmAmt
Other Income Rev And Expnss$172OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm$172OtherIncomeNetInvstIncmAmt
Other Income Adj Net Incm$172OtherIncomeAdjNetIncmAmt
Total Rev And Expnss$163,257TotalRevAndExpnssAmt
Total Net Invst Incm$163,057TotalNetInvstIncmAmt
Total Adj Net Incm$19,629TotalAdjNetIncmAmt
Other Expenses Rev And Expnss$10,253OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$10,253OtherExpensesNetInvstIncmAmt
Other Expenses Adj Net Incm$10,253OtherExpensesAdjNetIncmAmt
Tot Opr Expenses Rev And Expnss$10,253TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$10,253TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm$10,253TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$147,512ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$147,512ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$157,765TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$10,253TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm$10,253TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$147,512TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$5,492ExcessRevenueOverExpensesAmt
Net Investment Income$152,804NetInvestmentIncomeAmt
Adjusted Net Income$9,376AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$119,596SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$109,347SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$109,347SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$715,469CorporateStockBOYAmt
Corporate Stock EOY$539,613CorporateStockEOYAmt
Corporate Stock EOYFMV$1,175,608CorporateStockEOYFMVAmt
Other Investments BOY$362,758OtherInvestmentsBOYAmt
Other Investments EOY$554,355OtherInvestmentsEOYAmt
Other Investments EOYFMV$344,267OtherInvestmentsEOYFMVAmt
Total Assets BOY$1,197,823TotalAssetsBOYAmt
Total Assets EOY$1,203,315TotalAssetsEOYAmt
Total Assets EOYFMV$1,629,222TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$1,197,823RetainedEarningBOYAmt
Retained Earning EOY$1,203,315RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$1,197,823TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,203,315TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,197,823TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,203,315TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,197,823TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$5,492ExcessRevenueOverExpensesAmt
Subtotal$1,203,315SubtotalAmt
Tot Net Ast Or Fund Balances EOY$1,203,315TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (3 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
DEUTSCHE BANKP2022-01-012022-01-01$15,791$12,468$3,323$3,323
DEUTSCHE BANKP2005-01-012022-01-01$198,850$69,711$129,139$129,139
Capital Gain Dividends$14,289
FieldValueIRS element (for citing)
Capital Gain Net Income$146,751CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss$3,323NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$2,124InvestmentIncomeExciseTaxAmt
Subtotal$2,124SubtotalAmt
Tax Based On Investment Income$2,124TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$3,634EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$3,634TotalPaymentsAndCreditsAmt
Overpayment$1,510OverpaymentAmt
Applied To ES Tax$1,510AppliedToESTaxAmt

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 Line1THE FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2125819340PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1590 MADISON AVENUE - 21ST FLOORAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10022ZIPCd
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
AMY MORGAN SOMMER
1112 MONTANA AVENUE 610SANTA MONICACA90403President0.00$0
BEVERLY SOMMER
590 MADISON AVENUE - 21ST FLNEW YORKNY10022Vice President0.00$0
ANZHELA SHAPOVALOVA
590 MADISON AVENUE - 21ST FLNEW YORKNY10022Treasurer0.00$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$1,793,281AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$114,472AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$1,907,753TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$1,907,753AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$28,616CashDeemedCharitableAmt
Net Vl Noncharitable Assets$1,879,137NetVlNoncharitableAssetsAmt
Minimum Investment Return$93,957MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$93,957MinimumInvestmentReturnAmt
Tax Based On Investment Income$2,124TaxBasedOnInvestmentIncomeAmt
Total Tax$2,124TotalTaxAmt
Distributable Before Adj$91,833DistributableBeforeAdjAmt
Distributable Before Ded$91,833DistributableBeforeDedAmt
Distributable As Adjusted$91,833DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$147,512ExpensesAndContributionsAmt
Qualifying Distributions$147,512QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$91,833DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$320ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$16,090ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$12,678ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$59,884ExcessDistributionCyovYr2Amt
Total Excess Distribution Cyov$88,972TotalExcessDistributionCyovAmt
Qualifying Distributions$147,512QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$91,833AppliedToCurrentYearAmt
Remaining Distri From Corpus$55,679RemainingDistriFromCorpusAmt
Total Corpus$144,651TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$320ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$144,331ExcessDistriCyovToNextYrAmt
Excess From Year4$16,090ExcessFromYear4Amt
Excess From Year3$12,678ExcessFromYear3Amt
Excess From Year2$59,884ExcessFromYear2Amt
Excess From Current Year$55,679ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerAMY MORGAN SOMMERContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

FieldValueIRS element (for citing)
Recipient PersonSEE ATTACHEDRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1SCHEDULEAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10019ZIPCd
FieldValueIRS element (for citing)
Recipient Relationshipn/aRecipientRelationshipTxt
Recipient Foundation StatusPCRecipientFoundationStatusTxt
Grant Or Contribution PurposeVARIOUSGrantOrContributionPurposeTxt
Amt$147,512Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$147,512TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$12RelatedOrExemptFunctionIncmAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$16,122RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$146,751RelatedOrExemptFunctionIncmAmt

Other Revenue Described OtherRevenueDescribedGrp

FieldValueIRS element (for citing)
DescCLASS ACTION SETTLEMENTDesc
Related Or Exempt Function Incm$172RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$163,057RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$163,057TotalIncomeProducingActyAmt

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

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockMORGAN STANLEY - EQUITIESStockNm
EOY Book Value$539,613EOYBookValueAmt
EOYFMV$1,175,608EOYFMVAmt

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (2 entries)

Category Or ItemCategoryOrItemTxtListed At Cost Or FMVListedAtCostOrFMVCdBook ValueBookValueAmtEOYFMVEOYFMVAmt
MORGAN STANLEY - OTHERAT COST$27,318$39,564
MORGAN STANLEY - FIXED INCOMEAT COST$527,037$304,703

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmtAdjusted Net IncomeAdjustedNetIncomeAmt
INVESTMENT ADVISORY FEES$10,003$10,003$10,003
REGISTRATION FEES$250$250$250

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
DescCLASS ACTION SETTLEMENTDesc
Revenue And Expenses Per Books$172RevenueAndExpensesPerBooksAmt
Net Investment Income$172NetInvestmentIncomeAmt
Adjusted Net Income$172AdjustedNetIncomeAmt

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