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MURAD FAMILY FOUNDATION: Form 990PF, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
MURAD FAMILY FOUNDATION (EIN 45-1585141)
Tax period
2022-01-01 to 2022-12-31
Filed
2023-11-13
IRS object ID
202323179349104457
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)
Return2023-11-13T22:24:48-05:00ReturnTs
Tax Period End2022-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN921164674PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1MCNATT & ASSOCIATESBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line175-422 WEHILANI DRAddressLine1Txt
CityKAILUAKONACityNm
State AbbreviationHIStateAbbreviationCd
ZIP96740ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2022-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN451585141EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1MURAD FAMILY FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlMURABusinessNameControlTxt
Phone3107223353PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1133 17TH STREETAddressLine1Txt
CityMANHATTAN BEACHCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90266ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonHILARIE MURADPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone3107263353PhoneNum
Signature2023-11-07SignatureDt

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

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

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJULIE KRAMER-MCNATTPreparerPersonNm
PTINP00245500PTIN
Phone8087315891PhoneNum
Preparation2023-11-13PreparationDt
FieldValueIRS element (for citing)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Address ChangeYes (X)AddressChangeInd
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$1,720,476FMVAssetsEOYAmt
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$20InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$20InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$41,719DividendsRevAndExpnssAmt
Dividends Net Invst Incm$42,091DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss-$29,066NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$1,458,511GrossSalesPriceAmt
Total Rev And Expnss$12,673TotalRevAndExpnssAmt
Total Net Invst Incm$42,111TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$21,570CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm$3,235CompOfcrDirTrstNetInvstIncmAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl$18,334CompOfcrDirTrstDsbrsChrtblAmt
Accounting Fees Rev And Expnss$2,100AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$1,050AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps$1,050AccountingFeesChrtblPrpsAmt
Other Prof Fees Rev And Expnss$12,602OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$12,602OtherProfFeesNetInvstIncmAmt
Taxes Rev And Expnss$148TaxesRevAndExpnssAmt
Taxes Net Invst Incm$455TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss$50OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$50OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$36,470TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$17,342TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$19,434TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$7,500ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$7,500ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$43,970TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$17,342TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$26,934TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$31,297ExcessRevenueOverExpensesAmt
Net Investment Income$24,769NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$47,683SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$53,713SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$53,713SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$1,037,619CorporateStockBOYAmt
Corporate Stock EOY$1,030,202CorporateStockEOYAmt
Corporate Stock EOYFMV$1,222,059CorporateStockEOYFMVAmt
Corporate Bonds BOY$484,325CorporateBondsBOYAmt
Corporate Bonds EOY$454,513CorporateBondsEOYAmt
Corporate Bonds EOYFMV$444,704CorporateBondsEOYFMVAmt
Total Assets BOY$1,569,627TotalAssetsBOYAmt
Total Assets EOY$1,538,428TotalAssetsEOYAmt
Total Assets EOYFMV$1,720,476TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$1,569,627RetainedEarningBOYAmt
Retained Earning EOY$1,538,428RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$1,569,627TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,538,428TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,569,627TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,538,428TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,569,627TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$31,297ExcessRevenueOverExpensesAmt
Other Increases$98OtherIncreasesAmt
Subtotal$1,538,428SubtotalAmt
Tot Net Ast Or Fund Balances EOY$1,538,428TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
PropertyPUBLICLY TRADED SECURITIESPropertyDesc
How AcquiredPHowAcquiredCd
Gross Sales Price$1,458,508GrossSalesPriceAmt
Cost Or Other Basis$1,487,366CostOrOtherBasisAmt
Gain Or Loss-$28,858GainOrLossAmt
Gains Minus Excess Or Losses-$28,858GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income-$28,855CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$344InvestmentIncomeExciseTaxAmt
Subtotal$344SubtotalAmt
Tax Based On Investment Income$344TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$825EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$825TotalPaymentsAndCreditsAmt
Overpayment$481OverpaymentAmt
Applied To ES Tax$481AppliedToESTaxAmt

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
Org Report Or Register StateCAOrgReportOrRegisterStateCd
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
Individual With BooksHILARIE MURADIndividualWithBooksNm
Phone3107223353PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line11601 N SEPULVEDA BLVD 237AddressLine1Txt
CityMANHATTAN BEACHCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90266ZIPCd
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 PrsnYes (true)PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Acts Fail To Qlfy As ExceptionsfalseActsFailToQlfyAsExceptionsInd
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 PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
HILARIE MURAD
1601 N SEPULVEDA BLVD 237MANHATTAN BEACHCA90266PRESIDENT0.50$21,570$0$0
JEFFREY MURAD
2121 PARK PLACE 1ST FLOOREL SEGUNDOCA90245SECRETARY0.25$0$0$0
RICHARD MURAD
2121 PARK PLACE 1ST FLOOREL SEGUNDOCA90245CEO0.25$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$1,741,620AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$47,653AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$1,789,273TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$1,789,273AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$26,839CashDeemedCharitableAmt
Net Vl Noncharitable Assets$1,762,434NetVlNoncharitableAssetsAmt
Minimum Investment Return$88,122MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$88,122MinimumInvestmentReturnAmt
Tax Based On Investment Income$344TaxBasedOnInvestmentIncomeAmt
Total Tax$344TotalTaxAmt
Distributable Before Adj$87,778DistributableBeforeAdjAmt
Distributable Before Ded$87,778DistributableBeforeDedAmt
Distributable As Adjusted$87,778DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$26,934ExpensesAndContributionsAmt
Qualifying Distributions$26,934QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$87,778DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$205,186ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$36,181ExcessDistributionCyovYr4Amt
Total Excess Distribution Cyov$241,367TotalExcessDistributionCyovAmt
Qualifying Distributions$26,934QualifyingDistributionsAmt
Applied To Current Year$26,934AppliedToCurrentYearAmt
Excess Distri Cyov App CY Corpus$60,844ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$60,844ExcessDistributionCyovAppCYAmt
Total Corpus$180,523TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$144,342ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$36,181ExcessDistriCyovToNextYrAmt
Excess From Year4$36,181ExcessFromYear4Amt

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 RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
VISTAMAR SCHOOL
737 HAWAII STEL SEGUNDOCA90245N/A501(C)(3)UNRESTRICTED$2,500
CAMP TAMARACK
19696 SUNSHINE WAYBENDOR97702N/A501(C)(3)UNRESTRICTED$5,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$7,500TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$20ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$41,719ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion-$29,066ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$12,673ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$12,673TotalIncomeProducingActyAmt

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

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryACCOUNTINGCategoryTxt
Amt$2,100Amt
Net Investment Income$1,050NetInvestmentIncomeAmt
Disbursements Charitable Prps$1,050DisbursementsCharitablePrpsAmt

Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule

Investments Corporate Bonds InvestmentsCorporateBondsGrp

FieldValueIRS element (for citing)
BondUBS FIXED INCOME MUTUAL FUNDSBondNm
EOY Book Value$454,513EOYBookValueAmt
EOYFMV$444,704EOYFMVAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockUBS EQUITIESStockNm
EOY Book Value$1,030,202EOYBookValueAmt
EOYFMV$1,222,059EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
EXPENSES
STATE FILING FEE$50$50

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
DescPRIOR PERIOD ADJUSTMENTDesc
Amt$98Amt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryINVESTMENT FEESCategoryTxt
Amt$12,602Amt
Net Investment Income$12,602NetInvestmentIncomeAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryFOREIGN TAXESCategoryTxt
Amt$148Amt
Net Investment Income$455NetInvestmentIncomeAmt

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