EDELMAN FAMILY FOUNDATION INC: Form 990PF, tax year 2022

View the entire original 990 at ProPublica ↗

Organization: EDELMAN FAMILY FOUNDATION INC (EIN 11-3455820)
Tax period: 2022-01-01 to 2022-12-31
Filed: 2023-05-02
IRS object ID: 202321229349101117
Schema version: 2022v5.0
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
Form 990-PF
Schedule B
Accounting Fees Schedule
Other Expenses Schedule
Other Notes Loans Rcvbl Short Sch2

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2023-05-02T09:46:24-04:00	ReturnTs
Tax Period End	2022-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	843325385	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	WILLIAM LEE CPA PLLC	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	110 W 40TH STREET - SUITE 604	AddressLine1Txt
City	NEW YORK	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	10018	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnTypeCd
Tax Period Begin	2022-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	113455820	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	EDELMAN FAMILY FOUNDATION	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	EDEL	BusinessNameControlTxt
Phone	2126872628	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	49 LAWRENCE AVENUE	AddressLine1Txt
City	LARENCE	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	11559	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	ALEX EDELMAN	PersonNm
Person Title	PRESIDENT	PersonTitleTxt
Signature	2023-04-01	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Field	Value	IRS element (for citing)
Person First	ALEX	PersonFirstNm
Person Last	EDELMAN	PersonLastNm

Field	Value	IRS element (for citing)
SSN	XXX-XX-XXXX	SSN

Field	Value	IRS element (for citing)
IRS Responsible Prty Info Curr	false	IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	WILLIAM LEE	PreparerPersonNm
PTIN	P00546282	PTIN
Phone	2123174324	PhoneNum
Preparation	2023-04-20	PreparationDt
Self Employed	Yes (X)	SelfEmployedInd

Field	Value	IRS element (for citing)
Tax	2022	TaxYr
Build TS	2023-04-26 12:10:37Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
FMV Assets EOY	$525,100	FMVAssetsEOYAmt
Method Of Accounting Cash	Yes (X)	MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Contri Rcvd Rev And Expnss	$15,000	ContriRcvdRevAndExpnssAmt
Total Rev And Expnss	$15,000	TotalRevAndExpnssAmt
Total Net Invst Incm	$0	TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss	$3,500	AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm	$3,500	AccountingFeesNetInvstIncmAmt
Accounting Fees Adj Net Incm	$3,500	AccountingFeesAdjNetIncmAmt
Accounting Fees Chrtbl Prps	$3,500	AccountingFeesChrtblPrpsAmt
Printing And Pub Rev And Expnss	$85	PrintingAndPubRevAndExpnssAmt
Printing And Pub Net Invst Incm	$85	PrintingAndPubNetInvstIncmAmt
Printing And Pub Adj Net Incm	$85	PrintingAndPubAdjNetIncmAmt
Printing And Pub Dsbrs Chrtbl	$85	PrintingAndPubDsbrsChrtblAmt
Other Expenses Rev And Expnss	$100	OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm	$100	OtherExpensesNetInvstIncmAmt
Other Expenses Adj Net Incm	$100	OtherExpensesAdjNetIncmAmt
Other Expenses Dsbrs Chrtbl	$100	OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss	$3,685	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$3,685	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm	$3,685	TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$3,685	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$229,897	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$229,897	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$233,582	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$3,685	TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm	$3,685	TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl	$233,582	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	-$218,582	ExcessRevenueOverExpensesAmt
Net Investment Income	$0	NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Cash BOY	$506,932	CashBOYAmt
Cash EOY	$525,100	CashEOYAmt
Cash EOYFMV	$525,100	CashEOYFMVAmt
Other Nts And Loans Rcvbl BOY	$236,750	OtherNtsAndLoansRcvblBOYAmt
Total Assets BOY	$743,682	TotalAssetsBOYAmt
Total Assets EOY	$525,100	TotalAssetsEOYAmt
Total Assets EOYFMV	$525,100	TotalAssetsEOYFMVAmt
Total Liabilities EOY	$0	TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117	Yes (X)	OrgDoesNotFollowFASB117Ind
Retained Earning BOY	$743,682	RetainedEarningBOYAmt
Retained Earning EOY	$525,100	RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY	$743,682	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$525,100	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$743,682	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$525,100	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$743,682	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	-$218,582	ExcessRevenueOverExpensesAmt
Subtotal	$525,100	SubtotalAmt
Tot Net Ast Or Fund Balances EOY	$525,100	TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Investment Income Excise Tax	$0	InvestmentIncomeExciseTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

Field	Value	IRS element (for citing)
Legislative Political Acty	false	LegislativePoliticalActyInd
More Than100 Spent	false	MoreThan100SpentInd
Form1120 POL Filed	false	Form1120POLFiledInd
Activities Not Previously Rpt	false	ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws	false	ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit	false	UnrelatedBusIncmOverLimitInd
Organization Dissolved Etc	false	OrganizationDissolvedEtcInd
Section508e Rqr Satisfied	Yes (true)	Section508eRqrSatisfiedInd
At Least5000 In Assets	false	AtLeast5000InAssetsInd
Private Operating Foundation	false	PrivateOperatingFoundationInd
New Substantial Contributors	false	NewSubstantialContributorsInd
Own Controlled Entity	false	OwnControlledEntityInd
Donor Advised Fund	false	DonorAdvisedFundInd
Comply With Public Insp Rqr	Yes (true)	ComplyWithPublicInspRqrInd
Website Address	N/A	WebsiteAddressTxt
Individual With Books	SUSAN EDELMAN	IndividualWithBooksNm
Phone	2126872628	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	49 LAWRENCE AVE	AddressLine1Txt
City	LAWRENCE	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	11559	ZIPCd

Field	Value	IRS element (for citing)
Foreign Accounts Question	false	ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Field	Value	IRS element (for citing)
Sale Or Exch Disqualified Prsn	false	SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn	false	BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified Prsn	false	FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified Prsn	false	PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn	false	TransferAstDisqualifiedPrsnInd
Payment To Government Official	false	PaymentToGovernmentOfficialInd
Undistributed Income PY	false	UndistributedIncomePYInd
Business Holdings	false	BusinessHoldingsInd
Jeopardy Investments	false	JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst	false	UncorrectedPYJeopardyInvstInd
Influence Legislation	false	InfluenceLegislationInd
Influence Election	false	InfluenceElectionInd
Grants To Individuals	false	GrantsToIndividualsInd
Grants To Organizations	false	GrantsToOrganizationsInd
Noncharitable Purpose	false	NoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	false	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	false	PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht Pymt	false	SubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (4 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	TitleTitleTxt	Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt	CompensationCompensationAmt	Employee Benefit ProgramEmployeeBenefitProgramAmt	Expense Account Other AllwncExpenseAccountOtherAllwncAmt
ALEX EDELMAN
49 LAWRENCE AVE	LAWRENCE	NY	11559	PRESIDENT	000.00	$0	$0	$0
SUSAN EDELMAN
49 LAWRENCE AVE	LAWRENCE	NY	11559	TREASURER	000.00	$0	$0	$0
JEFFREY EDELMAN
49 LAWRENCE AVE	LAWRENCE	NY	11559	VICE PRESIDE	000.00	$0	$0	$0
FAYE EDELMAN KLAYMAN
49 LAWRENCE AVE	LAWRENCE	NY	11559	VICE PRESIDE	000.00	$0	$0	$0

Field	Value	IRS element (for citing)
Comp Of Hghst Pd Empl Or NONE	NONE	CompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONE	NONE	CompOfHghstPdCntrctOrNONETxt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

Field	Value	IRS element (for citing)
Description1	N/A	Description1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

Field	Value	IRS element (for citing)
Average Monthly FMV Of Sec	$634,391	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$634,391	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$634,391	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$1,903,173	TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast	$1,903,173	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$28,548	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$1,874,625	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$93,731	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$93,731	MinimumInvestmentReturnAmt
Distributable Before Adj	$93,731	DistributableBeforeAdjAmt
Distributable Before Ded	$93,731	DistributableBeforeDedAmt
Distributable As Adjusted	$93,731	DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$233,582	ExpensesAndContributionsAmt
Qualifying Distributions	$233,582	QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$93,731	DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5	$314,732	ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4	$263,959	ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3	$283,745	ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2	$96,389	ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1	$118,682	ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov	$1,077,507	TotalExcessDistributionCyovAmt
Qualifying Distributions	$233,582	QualifyingDistributionsAmt
Applied To Current Year	$93,731	AppliedToCurrentYearAmt
Remaining Distri From Corpus	$139,851	RemainingDistriFromCorpusAmt
Total Corpus	$1,217,358	TotalCorpusAmt
Undistributed Income CY	$0	UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5	$314,732	ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr	$902,626	ExcessDistriCyovToNextYrAmt
Excess From Year4	$263,959	ExcessFromYear4Amt
Excess From Year3	$283,745	ExcessFromYear3Amt
Excess From Year2	$96,389	ExcessFromYear2Amt
Excess From Year1	$118,682	ExcessFromYear1Amt
Excess From Current Year	$139,851	ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

Field	Value	IRS element (for citing)
Only Contri To Preselected	Yes (X)	OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

Recipient Business Name RecipientBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	SCHEDULE ATTACHED	BusinessNameLine1Txt

Recipient US Address RecipientUSAddress

Field	Value	IRS element (for citing)
Address Line1	NEW YORK	AddressLine1Txt
City	NEW YORK	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	10018	ZIPCd

Field	Value	IRS element (for citing)
Grant Or Contribution Purpose	GENERAL	GrantOrContributionPurposeTxt
Amt	$229,897	Amt

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$229,897	TotalGrantOrContriPdDurYrAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Field	Value	IRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO	false	TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO	false	TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets	false	SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO	false	PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets	false	RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements	false	ReimbursementArrangementsInd
Loans Or Loan Guarantees	false	LoansOrLoanGuaranteesInd
Performance Of Services Etc	false	PerformanceOfServicesEtcInd
Sharing Of Facilities Etc	false	SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO	false	RelationshipsNonchrtblEOInd

Schedule B IRS990ScheduleB

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
General Rule	Yes (X)	GeneralRuleInd

Contributor Information ContributorInformationGrp

Field	Value	IRS element (for citing)
Contributor	1	ContributorNum
Contributor Person	MICHAEL	ContributorPersonNm

Contributor US Address ContributorUSAddress

Field	Value	IRS element (for citing)
Address Line1	229 JUNIPER CIR S	AddressLine1Txt
City	LAWRENCE	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	11559	ZIPCd

Field	Value	IRS element (for citing)
Total Contributions	$15,000	TotalContributionsAmt
Person Contribution	Yes (X)	PersonContributionInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

Field	Value	IRS element (for citing)
Category	INDIRECT ACCOUNTING FEES	CategoryTxt
Amt	$3,500	Amt
Net Investment Income	$3,500	NetInvestmentIncomeAmt
Adjusted Net Income	$3,500	AdjustedNetIncomeAmt
Disbursements Charitable Prps	$3,500	DisbursementsCharitablePrpsAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDesc	Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt	Net Investment IncomeNetInvestmentIncomeAmt	Adjusted Net IncomeAdjustedNetIncomeAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt
EXPENSES
FILING FEE	$100	$100	$100	$100

Other Notes Loans Rcvbl Short Sch2 OtherNotesLoansRcvblShortSch2

Other Notes Loans Rcvbl Short OtherNotesLoansRcvblShortGrp

Organization501c3 Name Organization501c3Name

Field	Value	IRS element (for citing)
Business Name Line1	LOAN RECEIVABLE	BusinessNameLine1Txt

EDELMAN FAMILY FOUNDATION INC: Form 990PF, tax year 2022

Return header ReturnHeader

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

Preparer US Address PreparerUSAddress

Filer Filer

Business Name BusinessName

US Address USAddress

Business Officer BusinessOfficerGrp

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Preparer Person PreparerPersonGrp

Form 990-PF IRS990PF

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Statements Regarding Acty StatementsRegardingActyGrp

Location Of Books US Address LocationOfBooksUSAddress

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (4 entries)

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

Minimum Investment Return MinimumInvestmentReturnGrp

Distributable Amount DistributableAmountGrp

PF Qualifying Distributions PFQualifyingDistributionsGrp

Undistributed Income UndistributedIncomeGrp

Supplementary Information SupplementaryInformationGrp

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

Recipient Business Name RecipientBusinessName

Recipient US Address RecipientUSAddress

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

Contributor US Address ContributorUSAddress

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

Other Notes Loans Rcvbl Short Sch2 OtherNotesLoansRcvblShortSch2

Other Notes Loans Rcvbl Short OtherNotesLoansRcvblShortGrp

Organization501c3 Name Organization501c3Name

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