MILTON AND URSULA H STOLAROFF FOUNDATION: Form 990PF, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
MILTON AND URSULA H STOLAROFF FOUNDATION (EIN 46-4456572)
Tax period
2022-01-01 to 2022-12-31
Filed
2023-11-07
IRS object ID
202333119349101118
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)
Return2023-11-07T09:06:00-08:00ReturnTs
Tax Period End2022-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN954829539PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1E V JUAN CPA INCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line17655 WINNETKA AVE 2839AddressLine1Txt
CityWINNETKACityNm
State AbbreviationCAStateAbbreviationCd
ZIP91306ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2022-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN464456572EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1MILTON AND URSULA H STOLAROFF FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlMILTBusinessNameControlTxt
Phone9497192625PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 12816AddressLine1Txt
CityNEWPORT BEACHCityNm
State AbbreviationCAStateAbbreviationCd
ZIP92658ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMICHAEL FARAHPersonNm
Person TitlePresidentPersonTitleTxt
Signature2023-11-07SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstMICHAELPersonFirstNm
Person LastFARAHPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonE V JUAN CPA INCPreparerPersonNm
PTINP00075284PTIN
Phone8184069338PhoneNum

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$1,674,894FMVAssetsEOYAmt
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$82InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$82InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$82InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$24,571DividendsRevAndExpnssAmt
Dividends Net Invst Incm$24,571DividendsNetInvstIncmAmt
Dividends Adj Net Incm$24,571DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$90,427NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$215,674GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$90,427CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss$6,880OtherIncomeRevAndExpnssAmt
Total Rev And Expnss$121,960TotalRevAndExpnssAmt
Total Net Invst Incm$115,080TotalNetInvstIncmAmt
Total Adj Net Incm$24,653TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$1,910AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$1,910AccountingFeesNetInvstIncmAmt
Accounting Fees Adj Net Incm$1,910AccountingFeesAdjNetIncmAmt
Other Prof Fees Rev And Expnss$20,141OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$20,141OtherProfFeesNetInvstIncmAmt
Other Prof Fees Adj Net Incm$20,141OtherProfFeesAdjNetIncmAmt
Taxes Rev And Expnss$9,752TaxesRevAndExpnssAmt
Taxes Net Invst Incm$9,752TaxesNetInvstIncmAmt
Taxes Adj Net Incm$9,752TaxesAdjNetIncmAmt
Tot Opr Expenses Rev And Expnss$31,803TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$31,803TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm$31,803TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$110,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$110,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$141,803TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$31,803TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm$31,803TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$110,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$19,843ExcessRevenueOverExpensesAmt
Net Investment Income$83,277NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$155,944CashBOYAmt
Cash EOY$67,437CashEOYAmt
Cash EOYFMV$67,437CashEOYFMVAmt
Corporate Stock BOY$1,889,284CorporateStockBOYAmt
Corporate Stock EOY$1,435,611CorporateStockEOYAmt
Corporate Stock EOYFMV$1,435,611CorporateStockEOYFMVAmt
Other Investments BOY$224,593OtherInvestmentsBOYAmt
Other Investments EOY$171,846OtherInvestmentsEOYAmt
Other Investments EOYFMV$171,846OtherInvestmentsEOYFMVAmt
Total Assets BOY$2,269,821TotalAssetsBOYAmt
Total Assets EOY$1,674,894TotalAssetsEOYAmt
Total Assets EOYFMV$1,674,894TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$2,269,821NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$1,674,894NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$2,269,821TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,674,894TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$2,269,821TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,674,894TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$2,269,821TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$19,843ExcessRevenueOverExpensesAmt
Subtotal$2,249,978SubtotalAmt
Other Decreases$575,084OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$1,674,894TotNetAstOrFundBalancesEOYAmt

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
2,000 EXXON MOBILP2020-03-082022-03-08$182,419$98,392$84,027$84,027
1,000 MPLXP2020-01-152022-03-08$33,255$26,855$6,400$6,400
FieldValueIRS element (for citing)
Capital Gain Net Income$90,427CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$1,158InvestmentIncomeExciseTaxAmt
Subtotal$1,158SubtotalAmt
Tax Based On Investment Income$1,158TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$5,040EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$5,040TotalPaymentsAndCreditsAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$16EsPenaltyAmt
Overpayment$3,866OverpaymentAmt
Applied To ES Tax$3,866AppliedToESTaxAmt

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
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 Line1MICHAEL FARAHBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone9497192625PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1511 E BALBOA BLVDAddressLine1Txt
CityNEWPORT BEACHCityNm
State AbbreviationCAStateAbbreviationCd
ZIP92661ZIPCd
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

FieldValueIRS element (for citing)
PersonMICHAEL FARAHPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1511 E BALBOA BLVDAddressLine1Txt
CityNEWPORT BEACHCityNm
State AbbreviationCAStateAbbreviationCd
ZIP92658ZIPCd
FieldValueIRS element (for citing)
TitlePresidentTitleTxt
Average Hrs Per Wk Devoted To Pos5.00AverageHrsPerWkDevotedToPosRt
Compensation$0CompensationAmt
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)
Description1CONTRIBUTIONS TO THE CELEBRITY FOUNDATION FOR CHILDREN - 501(C)3 ORGANIZATIONDescription1Txt
Expenses1$0Expenses1Amt

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)
Tax Based On Investment Income$1,158TaxBasedOnInvestmentIncomeAmt
Total Tax$1,158TotalTaxAmt
Distributable Before Adj$1,158DistributableBeforeAdjAmt
Distributable Before Ded$1,158DistributableBeforeDedAmt
Distributable As Adjusted$0DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$110,000ExpensesAndContributionsAmt
Qualifying Distributions$110,000QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$0DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$71,054ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$43,091ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$34,825ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$16,163ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$161,641ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$326,774TotalExcessDistributionCyovAmt
Qualifying Distributions$110,000QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Remaining Distri From Corpus$110,000RemainingDistriFromCorpusAmt
Total Corpus$436,774TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$71,054ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$365,720ExcessDistriCyovToNextYrAmt
Excess From Year4$43,091ExcessFromYear4Amt
Excess From Year3$34,825ExcessFromYear3Amt
Excess From Year2$16,163ExcessFromYear2Amt
Excess From Year1$161,641ExcessFromYear1Amt
Excess From Current Year$110,000ExcessFromCurrentYearAmt

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 Line1CELEBRITY FOUNDATION FOR CHILDRENBusinessNameLine1Txt

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 12709AddressLine1Txt
CityNEWPORT BEACHCityNm
State AbbreviationCAStateAbbreviationCd
ZIP92658ZIPCd
FieldValueIRS element (for citing)
Recipient RelationshipNONERecipientRelationshipTxt
Recipient Foundation StatusPCRecipientFoundationStatusTxt
Grant Or Contribution PurposeCHARITYGrantOrContributionPurposeTxt
Amt$110,000Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$110,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$82RelatedOrExemptFunctionIncmAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$24,571RelatedOrExemptFunctionIncmAmt

Other Investment Income OtherInvestmentIncomeGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$6,880RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$90,427RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$121,960RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$121,960TotalIncomeProducingActyAmt

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)
CategoryTAX PREPARATIONCategoryTxt
Amt$1,910Amt
Net Investment Income$1,910NetInvestmentIncomeAmt
Adjusted Net Income$1,910AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (9 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
VARIOUS CORP STOCKS$1,435,611$1,435,611
AMERIGAS PTRS LP - APU
COLONY NORTHSTAR - CLNS
ENERGY TFR PTRS - ETP
ENTERP PROD PTRS - EPD
GE
GLAXO SK - GSK
HCP INC - HCP
RITE AID - RAD

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp

FieldValueIRS element (for citing)
Category Or ItemMUTUAL FUNDSCategoryOrItemTxt
Listed At Cost Or FMVFMVListedAtCostOrFMVCd
Book Value$171,846BookValueAmt
EOYFMV$171,846EOYFMVAmt

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

FieldValueIRS element (for citing)
DescINVESTMENTS - MARKET DEPN / DECREASE IN VALUEDesc
Amt$575,084Amt

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
DescOther Investment IncomeDesc
Revenue And Expenses Per Books$6,880RevenueAndExpensesPerBooksAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryTD AMERITRADE FEESCategoryTxt
Amt$20,141Amt
Net Investment Income$20,141NetInvestmentIncomeAmt
Adjusted Net Income$20,141AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (3 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmtAdjusted Net IncomeAdjustedNetIncomeAmt
IRS 2022 - $1,260 ES X 4$5,040$5,040$5,040
IRS 2021$4,662$4,662$4,662
REGISTRY OF TRUSTS$50$50$50

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