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MURAD FAMILY FOUNDATION: Form 990PF, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
MURAD FAMILY FOUNDATION (EIN 45-1585141)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-05-13
IRS object ID
202531339349103373
Schema version
2024v5.1
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)
Return2025-05-13T12:19:20-07:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt
Disaster ReliefTAXPAYER IS LOCATED IN A FEDERALLY DECLARED DISASTER ZONEDisasterReliefTxt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN473281305PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1FAMILY WEALTH TAXBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1208 BISHOP LANDINGAddressLine1Txt
CityIRVINECityNm
State AbbreviationCAStateAbbreviationCd
ZIP92620ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2024-01-01TaxPeriodBeginDt

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 TitlePresident/DirectorPersonTitleTxt
Phone3107223353PhoneNum
Signature2025-05-12SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMarisa E AlvaradoPreparerPersonNm
PTINP00202904PTIN
Phone9492667785PhoneNum
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$2,064,449FMVAssetsEOYAmt
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$33InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$33InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$50,959DividendsRevAndExpnssAmt
Dividends Net Invst Incm$51,291DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$66,082NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$435,371GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$66,082CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss$1,429OtherIncomeRevAndExpnssAmt
Total Rev And Expnss$118,503TotalRevAndExpnssAmt
Total Net Invst Incm$117,406TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$29,978CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm$4,497CompOfcrDirTrstNetInvstIncmAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl$25,481CompOfcrDirTrstDsbrsChrtblAmt
Accounting Fees Rev And Expnss$4,025AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$2,013AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps$2,012AccountingFeesChrtblPrpsAmt
Other Prof Fees Rev And Expnss$14,051OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$14,089OtherProfFeesNetInvstIncmAmt
Taxes Rev And Expnss$1,413TaxesRevAndExpnssAmt
Taxes Net Invst Incm$498TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss$86OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$86OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$49,553TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$21,097TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$27,579TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$7,500ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$7,500ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$57,053TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$21,097TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$35,079TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$61,450ExcessRevenueOverExpensesAmt
Net Investment Income$96,309NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$45,376SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$27,734SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$27,734SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$1,042,476CorporateStockBOYAmt
Corporate Stock EOY$1,099,696CorporateStockEOYAmt
Corporate Stock EOYFMV$1,568,262CorporateStockEOYFMVAmt
Corporate Bonds BOY$452,814CorporateBondsBOYAmt
Corporate Bonds EOY$475,097CorporateBondsEOYAmt
Corporate Bonds EOYFMV$468,453CorporateBondsEOYFMVAmt
Total Assets BOY$1,540,666TotalAssetsBOYAmt
Total Assets EOY$1,602,527TotalAssetsEOYAmt
Total Assets EOYFMV$2,064,449TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$1,540,666RetainedEarningBOYAmt
Retained Earning EOY$1,602,527RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$1,540,666TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,602,527TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,540,666TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,602,527TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,540,666TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$61,450ExcessRevenueOverExpensesAmt
Other Increases$411OtherIncreasesAmt
Subtotal$1,602,527SubtotalAmt
Tot Net Ast Or Fund Balances EOY$1,602,527TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
PUBLICLY TRADED SECURITITESP$435,326$369,289$66,037$66,037
Capital Gain Dividends$45
FieldValueIRS element (for citing)
Capital Gain Net Income$66,082CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$1,339InvestmentIncomeExciseTaxAmt
Subtotal$1,339SubtotalAmt
Tax Based On Investment Income$1,339TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$698EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$698TotalPaymentsAndCreditsAmt
Tax Due$641TaxDueAmt
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 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

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1HILARIE MURADBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone3107223353PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1133 17TH STREETAddressLine1Txt
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
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
Hilarie Murad
133 17th StreetManhattan BeachCA90266Pres/Director0.50$29,978
Jeffrey Murad
2121 Park Place 1st FloorEl SegundoCA90245Sec/Director0.25$0
Richard Murad
2121 Park Place 1st FloorEl SegundoCA90245CEO/Director0.25$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$1,968,660AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$37,290AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$2,005,950TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$2,005,950AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$30,089CashDeemedCharitableAmt
Net Vl Noncharitable Assets$1,975,861NetVlNoncharitableAssetsAmt
Minimum Investment Return$98,793MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$98,793MinimumInvestmentReturnAmt
Tax Based On Investment Income$1,339TaxBasedOnInvestmentIncomeAmt
Total Tax$1,339TotalTaxAmt
Distributable Before Adj$97,454DistributableBeforeAdjAmt
Distributable Before Ded$97,454DistributableBeforeDedAmt
Distributable As Adjusted$97,454DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$35,079ExpensesAndContributionsAmt
Qualifying Distributions$35,079QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$97,454DistributableAsAdjustedAmt
Undistributed Income PY$4,674UndistributedIncomePYAmt
Qualifying Distributions$35,079QualifyingDistributionsAmt
Applied To Year1$4,674AppliedToYear1Amt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$30,405AppliedToCurrentYearAmt
Undistributed Income CY$67,049UndistributedIncomeCYAmt

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 Line1OCEANOGRAPHIC TEACHING STATIONSBusinessNameLine1Txt

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line12 MANHATTAN BCH BLVD PO BOX 1AddressLine1Txt
CityMANHATTAN BEACHCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90267ZIPCd
FieldValueIRS element (for citing)
Recipient RelationshipN/ARecipientRelationshipTxt
Recipient Foundation StatusPCRecipientFoundationStatusTxt
Grant Or Contribution PurposeUNRESTRICTED SUPPORTGrantOrContributionPurposeTxt
Amt$7,500Amt
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$33ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$50,959ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$66,082ExclusionAmt

Other Revenue Described OtherRevenueDescribedGrp

FieldValueIRS element (for citing)
DescIRS REFUNDDesc
Exclusion1ExclusionCd
Exclusion$1,429ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$118,503ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$118,503TotalIncomeProducingActyAmt

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)
CategoryACCOUNTING FEESCategoryTxt
Amt$4,025Amt
Net Investment Income$2,013NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$2,012DisbursementsCharitablePrpsAmt

Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule

Investments Corporate Bonds InvestmentsCorporateBondsGrp

FieldValueIRS element (for citing)
BondUBS - FIXED INCOME MUTUAL FUNDSBondNm
EOY Book Value$475,097EOYBookValueAmt
EOYFMV$468,453EOYFMVAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockUBS - PUBLICLY TRADED SECURITIESStockNm
EOY Book Value$1,099,696EOYBookValueAmt
EOYFMV$1,568,262EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
BANK SERVICES FEES$11$11
STATE FILING FEES$75$75

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
DescIRS REFUNDDesc
Revenue And Expenses Per Books$1,429RevenueAndExpensesPerBooksAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryINVESTMENT MANAGEMENT FEESCategoryTxt
Amt$14,051Amt
Net Investment Income$14,089NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmt
FEDERAL EXCISE TAXES$915
FOREIGN TAXES$498$498

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