DAI VERNON FOUNDATION INC: Form 990PF, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
DAI VERNON FOUNDATION INC (EIN 45-5148864)
Tax period
2022-07-01 to 2023-06-30
Filed
2023-09-19
IRS object ID
202302629349100015
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 ReturnHeader

FieldValueIRS element (for citing)
Return2023-09-19T14:58:26-07:00ReturnTs
Tax Period End2023-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN562548165PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1ANDRADE & ASSOCIATES INCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line12186 W 190TH STAddressLine1Txt
CityTORRANCECityNm
State AbbreviationCAStateAbbreviationCd
ZIP90504ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2022-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN455148864EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1DAI VERNON FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlDAIVBusinessNameControlTxt
Phone3102182629PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line111333 MOORPARK STREET 22AddressLine1Txt
CitySTUDIO CITYCityNm
State AbbreviationCAStateAbbreviationCd
ZIP91602ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDENNIS FORELPersonNm
Person TitleTreasurerPersonTitleTxt
Signature2023-09-13SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstDENNISPersonFirstNm
Person LastFORELPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonLYNWOOD FORDPreparerPersonNm
PTINP00221353PTIN
Phone3106181040PhoneNum

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)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$0FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$21,703ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$13InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$13InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$13InterestOnSavingsAdjNetIncmAmt
Total Rev And Expnss$21,716TotalRevAndExpnssAmt
Total Net Invst Incm$13TotalNetInvstIncmAmt
Total Adj Net Incm$13TotalAdjNetIncmAmt
Other Expenses Rev And Expnss$5,432OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$5,432TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$8,395ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$8,595ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$13,827TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$8,595TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$7,889ExcessRevenueOverExpensesAmt
Net Investment Income$13NetInvestmentIncomeAmt
Adjusted Net Income$13AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$85,175CashBOYAmt
Cash EOY$195,870CashEOYAmt
Sav And Temp Cash Invst BOY$150,761SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$46,405SavAndTempCashInvstEOYAmt
Total Assets BOY$235,936TotalAssetsBOYAmt
Total Assets EOY$242,275TotalAssetsEOYAmt
Total Assets EOYFMV$0TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Capital Stock BOY$235,936CapitalStockBOYAmt
Capital Stock EOY$242,275CapitalStockEOYAmt
Tot Net Ast Or Fund Balances BOY$235,936TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$242,275TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$235,936TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$242,275TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$235,936TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$7,889ExcessRevenueOverExpensesAmt
Subtotal$243,825SubtotalAmt
Tot Net Ast Or Fund Balances EOY$243,825TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$0InvestmentIncomeExciseTaxAmt
Applied To ES Tax$0AppliedToESTaxAmt

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 SatisfiedfalseSection508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateCAOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationYes (true)PrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressWWW.DAIVERNONFOUNDATION.COMWebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1DENNIS FORELBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone3102182629PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line111333 MOORPARK ST 22AddressLine1Txt
CitySTUDIO CITYCityNm
State AbbreviationCAStateAbbreviationCd
ZIP91602ZIPCd
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
STEPHEN LEVINE
11400 W OLYMPIC BLVD 9/FLOS ANGELESCA90064President & CEO0.00$0
BRUCE GOLD
12801 MOORPARK ST 207NORTH HOLLYWOODCA91604Secretary0.00$0
DENNIS FOREL
17420 FALDA AVTORRANCECA90504Treasurer0.00$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)
Description1DAI VERNON FOUNDATION GIVES GRANTS TO MAGICIANS IN DEVASTATING FINANCIAL NEED, USUALLY DUE TO HEALTH. DURING 2022 TAX YEAR THE FOUNDATION GAVE GRANTS TO VARIOUS RECIPIENTS LISTED IN STATEMENT 3.Description1Txt
Expenses1$6,500Expenses1Amt
Description2DAI VERNON FOUNDATION GIVES SCHOLARSHIPS TO YOUNG MAGICIANS WHO ARE INTERESTED IN THE MAGIC ART AND HAVE FINANCIAL NEEDS TO LEARN OR IMPROVE THEIR SKILLS.Description2Txt
Expenses2$2,095Expenses2Amt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$0AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$0TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$0AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$0CashDeemedCharitableAmt
Net Vl Noncharitable Assets$0NetVlNoncharitableAssetsAmt
Minimum Investment Return$0MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Sect4942j3j5 Fndtn And Frgn OrgYes (X)Sect4942j3j5FndtnAndFrgnOrgInd

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$8,595ExpensesAndContributionsAmt
Qualifying Distributions$8,595QualifyingDistributionsAmt

Private Operating Foundations PrivateOperatingFoundationsGrp

FieldValueIRS element (for citing)
Section4942j3Yes (X)Section4942j3Ind

Lessor Adj Net Incm Min Invst Ret LessorAdjNetIncmMinInvstRetGrp

FieldValueIRS element (for citing)
Current Year$0CurrentYearAmt
Total$0TotalAmt

Qualifying Distributions QualifyingDistributionsGrp

FieldValueIRS element (for citing)
Current Year$8,595CurrentYearAmt
Year1$24,945Year1Amt
Year2$36,750Year2Amt
Year3$38,014Year3Amt
Total$108,304TotalAmt

Qualifying Distri Made Drt QualifyingDistriMadeDrtGrp

FieldValueIRS element (for citing)
Current Year$8,595CurrentYearAmt
Year1$24,945Year1Amt
Year2$36,750Year2Amt
Year3$38,014Year3Amt
Total$108,304TotalAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
Current Year$242,275CurrentYearAmt
Year1$233,200Year1Amt
Total$475,475TotalAmt

Two Thirds Minimum Invst Ret TwoThirdsMinimumInvstRetGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Supplementary Information SupplementaryInformationGrp

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonDAI VERNON FOUNDATION INCRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line111333 MOORPARK STREET 22AddressLine1Txt
CitySTUDIO CITYCityNm
State AbbreviationCAStateAbbreviationCd
ZIP91602ZIPCd
FieldValueIRS element (for citing)
Recipient Phone3102182629RecipientPhoneNum
Form And Info And MaterialsAPPLICATION SHOULD BE SUBMITTED BY EMAIL WITH SUPPORTING DOCUMENTS THAT RELATE TO APPLICANT'S CONDITION.FormAndInfoAndMaterialsTxt
Submission DeadlinesNONESubmissionDeadlinesTxt
Restrictions On AwardsPOTENTIAL RECIPIENT MUST BE INVOLVED IN THE MAGIC WORLDRestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (7 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
BOBBY TORKOVA
3276 42ND ST APT A2ASTORIANY11103NONEIGIVE GRANTS TO MAGICIANS IN DEVASTATING FINANCIAL NEED, USUALLY DUE TO HEALTH.$1,500
JASON DOCHERTY
590 FRAN STREETLINCOLNTONNC28092NONEIGIVE GRANTS TO MAGICIAN IN DEVASTATING FINANCIAL NEED, USUALLY DUE TO HEALTH.$500
JEFF EZELL
5452 JEFFERSON STYORBA LINDACA92866NONEIGIVE GRANTS TO MAGICIANS IN DEVASTATING FINANCIAL NEED, USUALLY DUE TO HEALTH.$1,500
LOUIS TANNEN'S INC
45 W 34TH ST STE 608NEW YORKNY10001NONEPOFSCHOLARSHIP FOR A YOUNG MAGICIAN WHO IS INTERESTED IN THEMAGIC ART AND HAVE FINANCIAL NEEDS.$1,895
LUNA SHIMADA
1802 E PYLE AVELAS VEGASNV89183NONEIGIVE GRANTS TO MAGICIANS IN DEVASTATING FINANCIAL NEED, USUALLY DUE TO HEALTH.$1,500
MAGIC INC
1838 W LAWRENCE AVECHICAGOIL60640NONEPOFSCHOLARSHIP FOR A YOUNG MAGICIAN WHO IS INTERESTED IN THEMAGIC ART AND HAVE FINANCIAL NEEDS.$200
SCOTT JENKINS
2004 E PRINCETON STBROKEN ARROWOK74012NONEIGIVE GRANTS TO MAGICIANS IN DEVASTATING FINANCIAL NEED, USUALLY DUE TO HEALTH.$1,500
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$8,595TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Program Service Revenue Dtl ProgramServiceRevenueDtl

FieldValueIRS element (for citing)
DescINCOME FR. SPECIAL EVENTSDesc

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$13ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$13ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$13TotalIncomeProducingActyAmt

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

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (4 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt
ADVERTISING$825
D & O INSURANCE$1,311
EQUIPMENT RENTAL$3,100
POSTAGE/P.O. BOX RENTAL$196

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