AOUNI FAKS FOUNDATION: Form 990PF, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
AOUNI FAKS FOUNDATION (EIN 30-6004475)
Tax period
2022-01-01 to 2022-12-31
Filed
2023-11-08
IRS object ID
202323129349101527
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)
Return2023-11-08T11:07:08-08:00ReturnTs
Tax Period End2022-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN201835208PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1ADEPTUS PARTNERS LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1244 WEST 54TH STREET 9TH FLOORAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10019ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2022-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN306004475EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1AOUNI FAKS FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlAOUNBusinessNameControlTxt
Phone7188591110PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line14302 FARRAGUT ROADAddressLine1Txt
CityBROOKLYNCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11203ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDANIEL FAKSPersonNm
Person TitleTreasurerPersonTitleTxt
Signature2023-11-08SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstDANIELPersonFirstNm
Person LastFAKSPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJOSEPH CALVO CPAPreparerPersonNm
PTINP00637286PTIN
Phone2127588050PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer3TrustedCustomerCd
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$776,474FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$2,384InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$2,384InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$23,946DividendsRevAndExpnssAmt
Dividends Net Invst Incm$23,946DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss-$8,425NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$73,355GrossSalesPriceAmt
Total Rev And Expnss$17,905TotalRevAndExpnssAmt
Total Net Invst Incm$26,330TotalNetInvstIncmAmt
Taxes Rev And Expnss$1,200TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss$1,785OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$1,785OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$2,985TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$1,785TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$41,425ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$41,425ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$44,410TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$1,785TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$41,425TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$26,505ExcessRevenueOverExpensesAmt
Net Investment Income$24,545NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$453,582SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$412,894SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$412,894SavAndTempCashInvstEOYFMVAmt
Corporate Bonds BOY$438,811CorporateBondsBOYAmt
Corporate Bonds EOY$452,994CorporateBondsEOYAmt
Corporate Bonds EOYFMV$363,580CorporateBondsEOYFMVAmt
Total Assets BOY$892,393TotalAssetsBOYAmt
Total Assets EOY$865,888TotalAssetsEOYAmt
Total Assets EOYFMV$776,474TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$892,393NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$865,888NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$892,393TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$865,888TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$892,393TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$865,888TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$892,393TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$26,505ExcessRevenueOverExpensesAmt
Subtotal$865,888SubtotalAmt
Tot Net Ast Or Fund Balances EOY$865,888TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
PUBLICLY TRADED SECURITIESP2022-01-012022-12-31$19,184$18,940$244$244
PUBLICLY TRADED SECURITIESP2021-01-012022-12-31$54,171$62,840-$8,669-$8,669
FieldValueIRS element (for citing)
Capital Gain Net Income-$8,425CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss$244NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$341InvestmentIncomeExciseTaxAmt
Subtotal$341SubtotalAmt
Tax Based On Investment Income$341TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$775EstimatedPlusOvpmtIncmTxAmt
Extsn Request Income Tax Paid$1,225ExtsnRequestIncomeTaxPaidAmt
Total Payments And Credits$2,000TotalPaymentsAndCreditsAmt
Overpayment$1,659OverpaymentAmt
Applied To ES Tax$1,659AppliedToESTaxAmt

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 Line1DANIEL FAKSBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone7188591110PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line14302 FARRAGUT ROADAddressLine1Txt
CityBROOKLYNCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11203ZIPCd
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
DANIEL FAKS
4302 FARRAGUT ROADBROOKLYNNY11203Treasurer0.00$0
IBRAHIM FAKS
4302 FARRAGUT ROADBROOKLYNNY11203Vice President0.00$0
FREDDY FAKS
4302 FARRAGUT ROADBROOKLYNNY11203Secretary0.00$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$360,633AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$461,737AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$822,370TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$822,370AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$12,336CashDeemedCharitableAmt
Net Vl Noncharitable Assets$810,034NetVlNoncharitableAssetsAmt
Minimum Investment Return$40,502MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$40,502MinimumInvestmentReturnAmt
Tax Based On Investment Income$341TaxBasedOnInvestmentIncomeAmt
Total Tax$341TotalTaxAmt
Distributable Before Adj$40,161DistributableBeforeAdjAmt
Distributable Before Ded$40,161DistributableBeforeDedAmt
Distributable As Adjusted$40,161DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$41,425ExpensesAndContributionsAmt
Qualifying Distributions$41,425QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$40,161DistributableAsAdjustedAmt
Undistributed Income PY$7,418UndistributedIncomePYAmt
Qualifying Distributions$41,425QualifyingDistributionsAmt
Applied To Year1$7,418AppliedToYear1Amt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$34,007AppliedToCurrentYearAmt
Undistributed Income CY$6,154UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (2 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
SEPHARDIC LEBANESE CONGREGATION INC
805 AVENUE TBROOKLYNNY11223PCHELP A SYNAGOGUE WITH ITS BUDGET$33,175
YESHIVAT SHMUEL HECHEL
1532 EAST 10th STREETBROOKLYNNY11230PCFUNDS FOR EDUCATIONAL INSTITUTIONS AND THEIR ACTIVITIES$8,250
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$41,425TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$2,384ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$23,946ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion-$8,425ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$17,905ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$17,905TotalIncomeProducingActyAmt

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 Bonds Schedule InvestmentsCorpBondsSchedule

Investments Corporate Bonds InvestmentsCorporateBondsGrp (17 entries)

BondBondNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
ENERGY TRANSFER LP BOND$20,403$17,200
REDWOOD TR INC NOTE$10,254$9,050
SOFTBANK GROUP CORP BOND 6%$18,785$18,996
CIT GROUP INC NOTE$23,825$14,434
EQUITABLE HLDGS INC BOND$26,003$23,568
SOFTBANK GROUP CORP BOND 6.875%$66,478$56,035
AIR LEASE CORP BOND$10,102$8,357
AXIS SPECIALTY FINANCE LLC NOTE$42,464$32,800
ENTERPRISE PRODS OPER LLC NOTE$38,156$33,600
ILFC E-CAPITAL TRUST II BOND$12,522$9,675
JEFFERIES GROUP LLC$27,307$16,581
LINCOLN NATL CORP IND NOTE$22,159$18,000
PETROLEOUS MEXICANOS MTN REG S$56,943$34,800
SCHWAB CHARLES CORP BOND$24,753$21,688
FS KKR CAP CORP NOTE$22,636$20,154
FREEPORT MCMORAN INC NOTE$14,553$14,472
FIRST CTZNS BK & TR CO RALEIGH NOTE$15,651$14,170

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescINVESTMENT EXPENSESDesc
Revenue And Expenses Per Books$1,785RevenueAndExpensesPerBooksAmt
Net Investment Income$1,785NetInvestmentIncomeAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryFEDERAL EXCISE TAXCategoryTxt
Amt$1,200Amt

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