AALIYAH MEMORIAL FUND INC: Form 990PF, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
AALIYAH MEMORIAL FUND INC (EIN 20-1613493)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-05-07
IRS object ID
202541279349103384
Schema version
2024v5.0
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)
Return2025-05-07T16:01:33-04:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

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 Begin2024-01-01TaxPeriodBeginDt

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)
PersonRASHAD HAUGHTONPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone9144379323PhoneNum
Signature2025-05-10SignatureDt
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrfalseIRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonANTHONY J RUSSOPreparerPersonNm
PTINP01386267PTIN
Phone9144379323PhoneNum
Preparation2025-05-07PreparationDt
Self EmployedYes (X)SelfEmployedInd
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$1,153,221FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$32,146ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$636InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$636InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$636InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$35,975DividendsRevAndExpnssAmt
Dividends Net Invst Incm$35,975DividendsNetInvstIncmAmt
Dividends Adj Net Incm$35,975DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss-$2,110NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$209,219GrossSalesPriceAmt
Total Rev And Expnss$66,647TotalRevAndExpnssAmt
Total Net Invst Incm$36,611TotalNetInvstIncmAmt
Total Adj Net Incm$36,611TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$4,335AccountingFeesRevAndExpnssAmt
Other Prof Fees Rev And Expnss$5,616OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$5,616OtherProfFeesNetInvstIncmAmt
Taxes Rev And Expnss$2,034TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss$148OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$12,133TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$5,616TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$56,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$56,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$68,133TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$5,616TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$56,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$1,486ExcessRevenueOverExpensesAmt
Net Investment Income$30,995NetInvestmentIncomeAmt
Adjusted Net Income$36,611AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$79,609CashBOYAmt
Cash EOY$49,672CashEOYAmt
Cash EOYFMV$49,672CashEOYFMVAmt
Sav And Temp Cash Invst BOY$16,505SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$19,188SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$19,188SavAndTempCashInvstEOYFMVAmt
Other Investments BOY$1,002,861OtherInvestmentsBOYAmt
Other Investments EOY$1,028,621OtherInvestmentsEOYAmt
Other Investments EOYFMV$1,084,361OtherInvestmentsEOYFMVAmt
Total Assets BOY$1,098,975TotalAssetsBOYAmt
Total Assets EOY$1,097,481TotalAssetsEOYAmt
Total Assets EOYFMV$1,153,221TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$1,098,975RetainedEarningBOYAmt
Retained Earning EOY$1,097,481RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$1,098,975TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,097,481TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,098,975TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,097,481TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,098,975TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$1,486ExcessRevenueOverExpensesAmt
Subtotal$1,097,489SubtotalAmt
Other Decreases$8OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$1,097,481TotNetAstOrFundBalancesEOYAmt

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
PUBLICALLY TRADED SECURITIESP$133,521$140,745-$7,224-$7,224
PUBLICALLY TRADED SECURITIESP$73,762$70,584$3,178$3,178
FieldValueIRS element (for citing)
Capital Gain Net Income-$2,110CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$431InvestmentIncomeExciseTaxAmt
Subtotal$431SubtotalAmt
Tax Based On Investment Income$431TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$1,593EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$1,593TotalPaymentsAndCreditsAmt
Overpayment$1,162OverpaymentAmt
Applied To ES Tax$1,162AppliedToESTaxAmt

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
Form990 PF Filed With Atty GenfalseForm990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
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
CO A RUSSO 39 MANOR HOUSE LANEDOBBS FERRYNY10522SECRETARY0.25$0$0$0
RASHAD HAUGHTON
CO A RUSSO 39 MANOR HOUSE LANEDOBBS FERRYNY10522PRESIDENT0.25$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$1,049,875AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$52,415AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$1,102,290TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$1,102,290AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$16,534CashDeemedCharitableAmt
Net Vl Noncharitable Assets$1,085,756NetVlNoncharitableAssetsAmt
Minimum Investment Return$54,288MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$54,288MinimumInvestmentReturnAmt
Tax Based On Investment Income$431TaxBasedOnInvestmentIncomeAmt
Total Tax$431TotalTaxAmt
Distributable Before Adj$53,857DistributableBeforeAdjAmt
Distributable Before Ded$53,857DistributableBeforeDedAmt
Distributable As Adjusted$53,857DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$56,000ExpensesAndContributionsAmt
Qualifying Distributions$56,000QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$53,857DistributableAsAdjustedAmt
Excess Distribution Cyov Yr1$3,349ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$3,349TotalExcessDistributionCyovAmt
Qualifying Distributions$56,000QualifyingDistributionsAmt
Applied To Current Year$53,857AppliedToCurrentYearAmt
Remaining Distri From Corpus$2,143RemainingDistriFromCorpusAmt
Total Corpus$5,492TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$5,492ExcessDistriCyovToNextYrAmt
Excess From Year1$3,349ExcessFromYear1Amt
Excess From Current Year$2,143ExcessFromCurrentYearAmt

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$10,000
HOFSTRA UNIVERSITY
102K HOFSTRA HALLHEMPSTEADNY11550NONEPUBLICUNRESTRICTED$5,000
MEMORIAL SLOAN KETTERING
PO BOX 5028HAGERSTOWNMD21741NONEPUBLICUNRESTRCITED$5,000
CENTRAL PARK TREE CONSERVANCY
717 5TH AVENEW YORKNY10022NONEPUBLICUNRESTRICTED$2,000
ST JUDES RESEARCH HOSPITAL
501 ST JUDE PLACEMEMPHISTN38105NONEPUBLICUNRESTRICTED$6,000
AMERICAN HEART ASSN
PO BOX 840692DALLASTX75284NONEPUBLICUNRESTRICTED$5,000
HAWAII COMMUNITY FOUNDATION
827 FORT STREET MALLHONOLULUHI96813NONEPUBLICUNRESTRICTED$10,000
NOVO
1240 N LAKEVIEW AVE 120ANAHEIMCA92807NONEPUBLICUNRESTRICTED$3,000
ALZHEIMERS ASSOCIATION
PO BOX 96011WASHINGTONDC20090NONEPUBLICUNRESTRICTED$10,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$56,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$636ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$35,975ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion-$4,046ExclusionAmt
Related Or Exempt Function Incm$1,936RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$32,565ExclusionAmt
Related Or Exempt Function Incm$1,936RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$34,501TotalIncomeProducingActyAmt

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 ORGANIZATION
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$32,146TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
Amt$4,335Amt

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

FieldValueIRS element (for citing)
Category Or ItemMARKETABLE SECURITIESCategoryOrItemTxt
Listed At Cost Or FMVAT COSTListedAtCostOrFMVCd
Book Value$1,028,621BookValueAmt
EOYFMV$1,084,361EOYFMVAmt

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

FieldValueIRS element (for citing)
DescBOOK TAX DIFFDesc
Amt$8Amt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt
EXPENSES
OFFICE SUPPLIES$148

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryINVESTMENT MANAGEMENT FEECategoryTxt
Amt$5,616Amt
Net Investment Income$5,616NetInvestmentIncomeAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmt
FOREIGN TAX ON DIVIDENDS$434
FEDERAL INCOME TAX$1,600

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