JOSEPH AND KAREN SETA FAMILY FOUNDATION IRRV TR: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
JOSEPH AND KAREN SETA FAMILY FOUNDATION IRRV TR (EIN 86-6495805)
Tax period
2021-04-23 to 2021-12-31
Filed
2022-06-03
IRS object ID
202201549349101105
Schema version
2021v4.0
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)
Return2022-06-03T12:01:49-05:00ReturnTs
Tax Period End2021-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN823728824PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1SKIBA & KRON CPA'SBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line12323 NE 26 AVE SUITE 103AddressLine1Txt
CityPOMPANO BEACHCityNm
State AbbreviationFLStateAbbreviationCd
ZIP33062ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2021-04-23TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN866495805EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1JOSEPH AND KAREN SETA FAMILYBusinessNameLine1Txt
Business Name Line2FOUNDATIONBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlJOSEBusinessNameControlTxt
Phone5619942660PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line16400 E ROGERS CIRCLEAddressLine1Txt
CityBOCA RATONCityNm
State AbbreviationFLStateAbbreviationCd
ZIP33499ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJOSEPH SETAPersonNm
Person TitleTRUSTEEPersonTitleTxt
Phone5612139530PhoneNum
Signature2022-06-15SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstJOSEPHPersonFirstNm
Person LastSETAPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonDEREK L SKIBAPreparerPersonNm
PTINP00110575PTIN
Phone9543600198PhoneNum
Preparation2022-06-02PreparationDt
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Initial ReturnYes (X)InitialReturnInd
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$4,350,329FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$3,853,036ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$1InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$1InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$1InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$12,668DividendsRevAndExpnssAmt
Dividends Net Invst Incm$12,668DividendsNetInvstIncmAmt
Dividends Adj Net Incm$12,668DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$93,697NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$127,768GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$59,867CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$3,959,402TotalRevAndExpnssAmt
Total Net Invst Incm$72,536TotalNetInvstIncmAmt
Total Adj Net Incm$12,669TotalAdjNetIncmAmt
Trav Conf Meeting Rev And Expnss$24TravConfMeetingRevAndExpnssAmt
Trav Conf Meeting Dsbrs Chrtbl$24TravConfMeetingDsbrsChrtblAmt
Other Expenses Rev And Expnss$100OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$100OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$124TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$100TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$24TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$22,711ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$22,711ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$22,835TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$100TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$22,735TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$3,936,567ExcessRevenueOverExpensesAmt
Net Investment Income$72,436NetInvestmentIncomeAmt
Adjusted Net Income$12,669AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash EOY$54,798CashEOYAmt
Cash EOYFMV$54,798CashEOYFMVAmt
Corporate Stock EOY$4,295,531CorporateStockEOYAmt
Corporate Stock EOYFMV$4,295,531CorporateStockEOYFMVAmt
Total Assets EOY$4,350,329TotalAssetsEOYAmt
Total Assets EOYFMV$4,350,329TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Capital Stock EOY$4,350,329CapitalStockEOYAmt
Tot Net Ast Or Fund Balances EOY$4,350,329TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$0TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$4,350,329TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Excess Revenue Over Expenses$3,936,567ExcessRevenueOverExpensesAmt
Other Increases$413,762OtherIncreasesAmt
Subtotal$4,350,329SubtotalAmt
Tot Net Ast Or Fund Balances EOY$4,350,329TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

FieldValueIRS element (for citing)
Capital Gain Net Income$59,867CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$1,007InvestmentIncomeExciseTaxAmt
Subtotal$1,007SubtotalAmt
Tax Based On Investment Income$1,007TaxBasedOnInvestmentIncomeAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$23EsPenaltyAmt
Tax Due$1,030TaxDueAmt

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 StateFLOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsYes (true)NewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt
Individual With BooksJOSEPH SETAIndividualWithBooksNm
Phone5619942660PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line16400 E ROGERS CIRCLEAddressLine1Txt
CityBOCA RATONCityNm
State AbbreviationFLStateAbbreviationCd
ZIP33499ZIPCd
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

FieldValueIRS element (for citing)
PersonJOSEPH SETAPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line16400 E ROGERS CIRCLEAddressLine1Txt
CityBOCA RATONCityNm
State AbbreviationFLStateAbbreviationCd
ZIP33499ZIPCd
FieldValueIRS element (for citing)
TitleTRUSTEETitleTxt
Average Hrs Per Wk Devoted To Pos10.00AverageHrsPerWkDevotedToPosRt
Compensation$0CompensationAmt
Employee Benefit Program$0EmployeeBenefitProgramAmt
Expense Account Other Allwnc$0ExpenseAccountOtherAllwncAmt
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 5 CHARITABLE ORGANIZATIONS XV(3) SCHEDULEDescription1Txt
Expenses1$22,711Expenses1Amt

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$4,043,583AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$25,842AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$4,069,425TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$4,069,425AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$61,041CashDeemedCharitableAmt
Net Vl Noncharitable Assets$4,008,384NetVlNoncharitableAssetsAmt
Minimum Investment Return$138,921MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$138,921MinimumInvestmentReturnAmt
Tax Based On Investment Income$1,007TaxBasedOnInvestmentIncomeAmt
Total Tax$1,007TotalTaxAmt
Distributable Before Adj$137,914DistributableBeforeAdjAmt
Distributable Before Ded$137,914DistributableBeforeDedAmt
Distributable As Adjusted$137,914DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$22,735ExpensesAndContributionsAmt
Qualifying Distributions$22,735QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$137,914DistributableAsAdjustedAmt
Qualifying Distributions$22,735QualifyingDistributionsAmt
Applied To Current Year$22,735AppliedToCurrentYearAmt
Undistributed Income CY$115,179UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

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

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonJOSEPH SETARecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line16400 E ROGERS CIRCLEAddressLine1Txt
CityBOCA RATONCityNm
State AbbreviationFLStateAbbreviationCd
ZIP33499ZIPCd
FieldValueIRS element (for citing)
Recipient Phone5612139530RecipientPhoneNum
Recipient Email AddressRONSWEENEY@SETACORPORATION.COMRecipientEmailAddressTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (5 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmtAddress Line2RecipientUSAddress/AddressLine2Txt
WESTERN KENTUCKYTORNADO RELIEF
500 MERO STREET 218FRANKFORTKY40601NONETO FURTHER CHARITABLE ACTIVITIES$500
PRAGERU
15021 VENTURA BLVD 552SHERMAN OAKSCA91403NONETO FURTHER CHARITABLE ACTIVITIES$500
RUBBER DUCK RACE
17787 N PERIMETER DRSCOTTSDALEAZ85255NONETO FURTHER CHARITABLE ACTIVITIES$211A111
PLACE OF HOPE
9078 ISAIAH LANEPALM BEACH GARDENSFL33418NONETO FURTHER CHARITABLE ACTIVITIES$21,000
GEORGE SNOWN SCHOLARSHIP FUND
201 PLAZA REAL 260BOCA RATONFL33432NONETO FURTHER CHARITABLE ACTIVITIES$500
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$22,711TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$1ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$12,668ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$93,697ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$106,366ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$106,366TotalIncomeProducingActyAmt

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 Line1DON & ANGIE SETA FOUNDATIONBusinessNameLine1Txt

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line16400 E ROGERS CIRCLEAddressLine1Txt
CityBOCA RATONCityNm
State AbbreviationFLStateAbbreviationCd
ZIP33499ZIPCd
FieldValueIRS element (for citing)
Total Contributions$3,853,036TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd
Noncash ContributionYes (X)NoncashContributionInd

Non Cash Property Contribution NonCashPropertyContributionGrp (14 entries)

ContributorContributorNumNoncash PropertyNoncashPropertyDescFair Market ValueFairMarketValueAmtReceivedReceivedDt
1150 SHS AMAZON INC$501,1322021-04-23
114.807 SHS SPDR DJIA$5,0412021-04-23
1105.936 SHS BLACKROCK SCIENCE &$3,7932021-05-21
122986.628 SHS BLACKROCK SCIENCE$888,4332021-04-23
118.930 SHS SPDR S&P 500$7,8892021-04-23
12.998 SHS INVESCO QQQ TRUST$9802021-05-21
12581.797 SHS INVESCO QQQ$876,3142021-04-23
119.197 SHS SPDR MIDCAP 400$9,6022021-04-23
123.497 SHS INVESCO QQQ$7,9752021-04-23
13860.209 SHS VANGUARD INFO TECH$1,485,8722021-04-23
151.693 SHS ISHARES CORE S&P SMAL$5,7332021-04-23
113.980 SHS VANGUARD INFO TECH$5,3812021-04-23
147.814 SHS ISHARES RUSSELL 2000$10,7942021-04-23
1107.18 SHS VANGUARD TTL STK MKT$23,2812021-04-23

Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch

Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp (2 entries)

AssetAssetDescAcquiredAcquiredDtHow AcquiredHowAcquiredTxtSoldSoldDtGross Sales PriceGrossSalesPriceAmtBasisBasisAmtTotal NetTotalNetAmt
SEE ATTACHED2021-06PURCHASE2021-12$376$310$66
SEE ATTACHED2019-06PURCHASE2021-12$67,525$33,761$33,764

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (5 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
150 AMAZON INC$500,151$500,151
24592.564 BLACKROCK SCIENCE & TECH$957,634$957,634
2608.292 INVESCO QQQ TRUST$1,037,709$1,037,709
3874.189 VANGUARD INFO TECH$1,775,037$1,775,037
250 SPV POWER PANEL$25,000$25,000

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
EXPENSES
INVESTMENT EXPENSE$100$100

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
DescFMV ADJUSTMENTDesc
Amt$413,762Amt

Substantial Contributors Sch SubstantialContributorsSch

Substantial Contributor Detail SubstantialContributorDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1DON & ANGIE SETA FOUNDATIONBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line16400 E ROGERS CIRCLEAddressLine1Txt
CityBOCA RATONCityNm
State AbbreviationFLStateAbbreviationCd
ZIP33499ZIPCd

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