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ARSALI FOUNDATION INC: Form 990PF, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
ARSALI FOUNDATION INC (EIN 99-0450334)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-05-14
IRS object ID
202511349349103946
Schema version
2024v5.1
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)
Return2025-05-14T04:09:40-00:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt
Return Type990PFReturnTypeCd
Tax Period Begin2024-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN990450334EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1The Arsali Foundation IncBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlARSABusinessNameControlTxt
Phone5614443865PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1119 N Swinton AvenueAddressLine1Txt
CityDelray BeachCityNm
State AbbreviationFLStateAbbreviationCd
ZIP33444ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonAnthony ArsaliPersonNm
Person TitleDirectorPersonTitleTxt
Phone5614443865PhoneNum
Signature2025-05-14SignatureDt
Discuss With Paid PreparerfalseDiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$631,903FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$310,000ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$22,072InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$22,072InterestOnSavNetInvstIncmAmt
Cap Gain Net Incm Net Invst Incm$0CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$332,072TotalRevAndExpnssAmt
Total Net Invst Incm$22,072TotalNetInvstIncmAmt
Other Expenses Rev And Expnss$144OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$144OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$144TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$144TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$25ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$25ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$169TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$144TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$25TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$331,903ExcessRevenueOverExpensesAmt
Net Investment Income$21,928NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$300,000CashBOYAmt
Sav And Temp Cash Invst EOY$631,903SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$631,903SavAndTempCashInvstEOYFMVAmt
Total Assets BOY$300,000TotalAssetsBOYAmt
Total Assets EOY$631,903TotalAssetsEOYAmt
Total Assets EOYFMV$631,903TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Capital Stock BOY$300,000CapitalStockBOYAmt
Capital Stock EOY$631,903CapitalStockEOYAmt
Tot Net Ast Or Fund Balances BOY$300,000TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$631,903TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$300,000TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$631,903TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$300,000TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$331,903ExcessRevenueOverExpensesAmt
Subtotal$631,903SubtotalAmt
Tot Net Ast Or Fund Balances EOY$631,903TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$305InvestmentIncomeExciseTaxAmt
Subtotal$305SubtotalAmt
Tax Based On Investment Income$305TaxBasedOnInvestmentIncomeAmt
Tax Due$305TaxDueAmt

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 GenfalseForm990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsYes (true)NewSubstantialContributorsInd
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 Line1Arsali Law PLLCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone5614443865PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1119 N Swinton AvenueAddressLine1Txt
CityDelray BeachCityNm
State AbbreviationFLStateAbbreviationCd
ZIP334442633ZIPCd
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 (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
Nicholas Arsali
119 N Swinton AvenueDelray BeachFL33444Director002.00$0
Afsoon Arsali
119 N Swinton AvenueDelray BeachFL33444Director002.00$0
Anthony Arsali
119 N Swinton AvenueDelray BeachFL33444Director002.00$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt
Expenses1$0Expenses1Amt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$453,771AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$453,771TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$453,771AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$6,807CashDeemedCharitableAmt
Net Vl Noncharitable Assets$446,964NetVlNoncharitableAssetsAmt
Minimum Investment Return$22,348MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$22,348MinimumInvestmentReturnAmt
Tax Based On Investment Income$305TaxBasedOnInvestmentIncomeAmt
Total Tax$305TotalTaxAmt
Distributable Before Adj$22,043DistributableBeforeAdjAmt
Distributable Before Ded$22,043DistributableBeforeDedAmt
Distributable As Adjusted$22,043DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$25ExpensesAndContributionsAmt
Qualifying Distributions$25QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$22,043DistributableAsAdjustedAmt
Undistributed Income PY$22UndistributedIncomePYAmt
Qualifying Distributions$25QualifyingDistributionsAmt
Applied To Year1$22AppliedToYear1Amt
Applied To Current Year$3AppliedToCurrentYearAmt
Undistributed Income CY$22,040UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1The Reef InstituteBusinessNameLine1Txt

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1520 24th StreetAddressLine1Txt
CityWest Palm BeachCityNm
State AbbreviationFLStateAbbreviationCd
ZIP33407ZIPCd
FieldValueIRS element (for citing)
Recipient Foundation StatusPCRecipientFoundationStatusTxt
Grant Or Contribution PurposeGeneral operating supportGrantOrContributionPurposeTxt
Amt$25Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$25TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$22,072ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$22,072ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$22,072TotalIncomeProducingActyAmt

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

FieldValueIRS element (for citing)
Contributor1ContributorNum
Contributor PersonThe Arsali Family Trust dated 12-13ContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line16017 Old Ocean BlvdAddressLine1Txt
CityOcean RidgeCityNm
State AbbreviationFLStateAbbreviationCd
ZIP33435ZIPCd
FieldValueIRS element (for citing)
Total Contributions$310,000TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd
Payroll ContributionYes (X)PayrollContributionInd

Expln Of Non Filing With AG Stmt ExplnOfNonFilingWithAGStmt

FieldValueIRS element (for citing)
ExplanationName The Arsali Foundation, Inc. EIN 99-04503334 Statement The foundation is based in Florida and the Florida Attorney General has specifically stated that no copies of Form Form 990-PF are to be filed with this office unless the foundation solicits contributions from the general public. The foundation does not do so, thus, it is not required to send a copy of its 990-PF to the Florida Attorney General.ExplanationTxt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescBank FeesDesc
Revenue And Expenses Per Books$144RevenueAndExpensesPerBooksAmt
Net Investment Income$144NetInvestmentIncomeAmt

Substantial Contributors Sch SubstantialContributorsSch

Substantial Contributor Detail SubstantialContributorDetail

FieldValueIRS element (for citing)
PersonThe Arsali Family Trust dated 12-13PersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line16017 Old Ocean BlvdAddressLine1Txt
CityOcean RidgeCityNm
State AbbreviationFLStateAbbreviationCd
ZIP33435ZIPCd

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