AALIYAH MEMORIAL FUND INC: Form 990PF, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
AALIYAH MEMORIAL FUND INC (EIN 20-1613493)
Tax period
2022-01-01 to 2022-12-31
Filed
2023-10-19
IRS object ID
202312929349100806
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)
Return2023-10-19T17:51:14-04:00ReturnTs
Tax Period End2022-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN134183440PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1ANTHONY J RUSSO CPA LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line139 MANOR HOUSE LANEAddressLine1Txt
CityDOBBS FERRYCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10522ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2022-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN201613493EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1AALIYAH MEMORIAL FUNDBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlAALIBusinessNameControlTxt
Phone9144379323PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1C/O A RUSSO 39 MANOR HOUSE LANEAddressLine1Txt
CityDOBBS FERRYCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10522ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDIANE HAUGHTONPersonNm
Person TitleSECRETARYPersonTitleTxt
Phone9144379323PhoneNum
Signature2023-05-15SignatureDt

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstDIANEPersonFirstNm
Person LastHAUGHTONPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrfalseIRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonANTHONY J RUSSOPreparerPersonNm
PTINP01386267PTIN
Phone9144379323PhoneNum
Preparation2023-10-19PreparationDt
Self EmployedYes (X)SelfEmployedInd
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$976,071FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$60,000ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$105InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$105InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$105InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$28,280DividendsRevAndExpnssAmt
Dividends Net Invst Incm$28,280DividendsNetInvstIncmAmt
Dividends Adj Net Incm$28,280DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss-$31,934NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$243,748GrossSalesPriceAmt
Total Rev And Expnss$56,451TotalRevAndExpnssAmt
Total Net Invst Incm$28,385TotalNetInvstIncmAmt
Total Adj Net Incm$28,385TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$3,708AccountingFeesRevAndExpnssAmt
Other Prof Fees Rev And Expnss$4,211OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$4,211OtherProfFeesNetInvstIncmAmt
Taxes Rev And Expnss$616TaxesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$8,535TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$4,211TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$42,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$42,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$50,535TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$4,211TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$42,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$5,916ExcessRevenueOverExpensesAmt
Net Investment Income$24,174NetInvestmentIncomeAmt
Adjusted Net Income$28,385AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$21,159CashBOYAmt
Cash EOY$122,776CashEOYAmt
Cash EOYFMV$122,776CashEOYFMVAmt
Sav And Temp Cash Invst BOY$108,471SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$18,674SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$18,674SavAndTempCashInvstEOYFMVAmt
Other Investments BOY$995,381OtherInvestmentsBOYAmt
Other Investments EOY$989,477OtherInvestmentsEOYAmt
Other Investments EOYFMV$834,621OtherInvestmentsEOYFMVAmt
Total Assets BOY$1,125,011TotalAssetsBOYAmt
Total Assets EOY$1,130,927TotalAssetsEOYAmt
Total Assets EOYFMV$976,071TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$1,125,011RetainedEarningBOYAmt
Retained Earning EOY$1,130,927RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$1,125,011TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,130,927TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,125,011TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,130,927TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,125,011TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$5,916ExcessRevenueOverExpensesAmt
Subtotal$1,130,927SubtotalAmt
Tot Net Ast Or Fund Balances EOY$1,130,927TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
PropertyPUBLICALLY TRADED SECURITIESPropertyDesc
How AcquiredPHowAcquiredCd
Gross Sales Price$243,540GrossSalesPriceAmt
Cost Or Other Basis$275,682CostOrOtherBasisAmt
Gain Or Loss-$32,142GainOrLossAmt
Gains Minus Excess Or Losses-$32,142GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income-$31,934CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$336InvestmentIncomeExciseTaxAmt
Subtotal$336SubtotalAmt
Tax Based On Investment Income$336TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$640EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$640TotalPaymentsAndCreditsAmt
Overpayment$304OverpaymentAmt
Applied To ES Tax$304AppliedToESTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
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
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsYes (true)NewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressWWW.AALIYAH.COMWebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1ANTHONY J RUSSOBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone9144379323PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line139 MANOR HOUSE LANEAddressLine1Txt
CityDOBBS FERRYCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10522ZIPCd
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
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
DIANE HAUGHTON
C/O A RUSSO 39 MANOR HOUSE LANEDOBBS FERRYNY10522SECRETARY000.00$0$0$0
RASHAD HAUGHTON
C/O A RUSSO 39 MANOR HOUSE LANEDOBBS FERRYNY10522PRESIDENT000.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

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$881,285AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$93,414AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$974,699TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$974,699AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$14,620CashDeemedCharitableAmt
Net Vl Noncharitable Assets$960,079NetVlNoncharitableAssetsAmt
Minimum Investment Return$48,004MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$48,004MinimumInvestmentReturnAmt
Tax Based On Investment Income$336TaxBasedOnInvestmentIncomeAmt
Total Tax$336TotalTaxAmt
Distributable Before Adj$47,668DistributableBeforeAdjAmt
Distributable Before Ded$47,668DistributableBeforeDedAmt
Distributable As Adjusted$47,668DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$42,000ExpensesAndContributionsAmt
Qualifying Distributions$42,000QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$47,668DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$4,474ExcessDistributionCyovYr5Amt
Total Excess Distribution Cyov$4,474TotalExcessDistributionCyovAmt
Qualifying Distributions$42,000QualifyingDistributionsAmt
Applied To Current Year$42,000AppliedToCurrentYearAmt
Excess Distri Cyov App CY Corpus$4,474ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$4,474ExcessDistributionCyovAppCYAmt
Undistributed Income CY$1,194UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (9 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
HUDSON VALLEY FAMILY CHURCH
39 MANOR HOUSE LANEDOBBS FERRYNY10601NONEPUBLICUNRESTRICTED$5,000
HOFSTRA UNIVERSITY
102K HOFSTRA HALLHEMPSTEADNY11550NONEPUBLICUNRESTRICTED$5,000
MEMORIAL SLOAN KETTERING
PO BOX 5028HAGERSTOWNMD21741NONEPUBLICUNRESTRCITED$5,000
ALZHEIMERS ASSOCIATION
PO BOX 96011WASHINGTONDC20090NONEPUBLICUNRESTRICTED$5,000
CENTRAL PARK TREE CONSERVANCY
14 E60TH STNEW YORKNY10022NONEPUBLICUNRESTRICTED$5,000
LIFESTYLES FOR THE DISABLED
930 WILLOWBROOK RDSTATEN ISLANDNY10314NONEPUBLICUNRESTRICTED$2,000
ST JUDES RESEARCH HOSPITAL
501 ST JUDE PLACEMEMPHISTN38105NONEPUBLICUNRESTRICTED$8,000
WILL A MORRIS INTERM SCHOOL 61
445 CASTLETON AVENUESTATEN ISLANDNY10301NONEPUBLICUNRESTRICTED$2,000
PARKINSON'S FOUNDATION
1359 BROADWAYNEW YORKNY10018NONEPUBLICUNRESTRICTED$5,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$42,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$105ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$28,280ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion-$31,934ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion-$3,549ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty-$3,549TotalIncomeProducingActyAmt

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp (3 entries)

Line NumberLineNumberTxtRelationship StatementRelationshipStatementTxt
1AACTIVITIES GENERATE INCOME FOR ORGANZITION
1ATO SUPPORT OTHER ORGANIZATIONS RECOGNIZED
1AUNDER CODE 501(C)3 OF THE IRC

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 Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1AALIYAH LLCBusinessNameLine1Txt

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line139 MANOR HOUSE LANEAddressLine1Txt
CityDOBBS FERRYCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10522ZIPCd
FieldValueIRS element (for citing)
Total Contributions$60,000TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryINDIRECT ACCOUNTING FEESCategoryTxt
Amt$3,708Amt

Expln Of Non Filing With AG Stmt ExplnOfNonFilingWithAGStmt

FieldValueIRS element (for citing)
ExplanationNOT REQUIRED TO FILE IN ANY STATEExplanationTxt

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (2 entries)

Category Or ItemCategoryOrItemTxtListed At Cost Or FMVListedAtCostOrFMVCdBook ValueBookValueAmtEOYFMVEOYFMVAmt
MARKETABLE SECURITIES, EQUITY
FUNDS & MUTUAL FUNDSAT COST$989,477$834,621

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryINVESTMENT MANAGEMENT FEECategoryTxt
Amt$4,211Amt
Net Investment Income$4,211NetInvestmentIncomeAmt

Substantial Contributors Sch SubstantialContributorsSch

Substantial Contributor Detail SubstantialContributorDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1AALIYAH LLCBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line139 MANOR HOUSE LANEAddressLine1Txt
CityDOBBS FERRYCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10522ZIPCd

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryFOREIGN TAX ON DIVIDENDSCategoryTxt
Amt$616Amt

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