EASTON FAMILY FUND INC: Form 990PF, tax year 2019

View the entire original 990 at ProPublica ↗

Organization
EASTON FAMILY FUND INC (EIN 13-6103454)
Tax period
2019-07-01 to 2020-06-30
Filed
2022-01-28
IRS object ID
202210289349100511
Schema version
2019v5.0
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)
Return2022-01-28T11:32:43-08:00ReturnTs
Tax Period End2020-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN113460692PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Reitman & Belkin LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1420 Lexington Avenue Suite 626AddressLine1Txt
CityNew YorkCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10170ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2019-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN136103454EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1EASTON FAMILY FUNDBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlEASTBusinessNameControlTxt
Phone2127345044PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line130 EAST 65TH STREETAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10065ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonELIZABETH EASTONPersonNm
Person TitleChairman/SecyPersonTitleTxt
Signature2022-01-28SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonRichard ReitmanPreparerPersonNm
PTINP01367764PTIN
Phone2125990410PhoneNum
FieldValueIRS element (for citing)
Tax2019TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$1,387,737FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$49ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$41,942DividendsRevAndExpnssAmt
Dividends Net Invst Incm$41,942DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss-$5,866NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$75,799GrossSalesPriceAmt
Total Rev And Expnss$36,125TotalRevAndExpnssAmt
Total Net Invst Incm$41,942TotalNetInvstIncmAmt
Other Prof Fees Rev And Expnss$976OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$976OtherProfFeesNetInvstIncmAmt
Taxes Rev And Expnss$696TaxesRevAndExpnssAmt
Taxes Net Invst Incm$696TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss$354OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$354OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$2,026TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$2,026TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$78,366ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$78,366ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$80,392TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$2,026TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$78,366TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$44,267ExcessRevenueOverExpensesAmt
Net Investment Income$39,916NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$52,238CashBOYAmt
Cash EOY$60,614CashEOYAmt
Cash EOYFMV$60,614CashEOYFMVAmt
Sav And Temp Cash Invst BOY$27,067SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$56,228SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$56,228SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$715,877CorporateStockBOYAmt
Corporate Stock EOY$717,658CorporateStockEOYAmt
Corporate Stock EOYFMV$1,057,167CorporateStockEOYFMVAmt
Corporate Bonds BOY$310,847CorporateBondsBOYAmt
Corporate Bonds EOY$227,307CorporateBondsEOYAmt
Corporate Bonds EOYFMV$213,728CorporateBondsEOYFMVAmt
Total Assets BOY$1,106,029TotalAssetsBOYAmt
Total Assets EOY$1,061,807TotalAssetsEOYAmt
Total Assets EOYFMV$1,387,737TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$1,106,029NoDonorRstrNetAssestsBOYAmt
Tot Net Ast Or Fund Balances BOY$1,106,029TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,061,807TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,106,029TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,061,807TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,106,029TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$44,267ExcessRevenueOverExpensesAmt
Other Increases$45OtherIncreasesAmt
Subtotal$1,061,807SubtotalAmt
Tot Net Ast Or Fund Balances EOY$1,061,807TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (8 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
20000 GE MED TERM NOTESP2018-01-012019-09-04$20,711$23,538-$2,827-$2,827
10000 WILLIS TOWERS WATSON PLCP2018-01-012020-03-23$9,749$9,909-$160-$160
15000 BOEING CO DEB 7.25%P2018-01-012020-04-16$17,349$20,946-$3,597-$3,597
25000 CBS CORP NEW GTDP2018-01-012020-05-04$25,755$27,272-$1,517-$1,517
ADAM NAT RES FD INC COMP2018-01-012019-12-20$252$252$252
ADAM NAT RES FD INC COMP2018-01-012020-02-28$24$24$24
SPECIAL OPPORTUNITIES FD INCP2018-01-012019-12-31$613$613$613
HENNESSY SMALL CAP FINANCIAL INVP2018-01-012019-12-06$1,346$1,346$1,346
FieldValueIRS element (for citing)
Capital Gain Net Income-$5,866CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$798InvestmentIncomeExciseTaxAmt
Subtotal$798SubtotalAmt
Tax Based On Investment Income$798TaxBasedOnInvestmentIncomeAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$24EsPenaltyAmt
Tax Due$822TaxDueAmt

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 SatisfiedfalseSection508eRqrSatisfiedInd
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 Line1THOMAS EASTONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2127345044PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line130 EAST 65TH STREET 13BAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10065ZIPCd
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 (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
THOMAS EASTON
181 E 65TH STREETNEW YORKNY10021President/Treas0.00$0
ELIZABETH EASTON
30 E 65TH STREETNEW YORKNY10021Chairman/Secy0.00$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$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$798TaxBasedOnInvestmentIncomeAmt
Total Tax$798TotalTaxAmt
Distributable Before Adj$798DistributableBeforeAdjAmt
Distributable Before Ded$798DistributableBeforeDedAmt
Distributable As Adjusted$0DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$78,366ExpensesAndContributionsAmt
Qualifying Distributions$78,366QualifyingDistributionsAmt
Adjusted Qualifying Distri$78,366AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$0DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$31,464ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$40,124ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$71,026ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$75,958ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$67,821ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$286,393TotalExcessDistributionCyovAmt
Qualifying Distributions$78,366QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Remaining Distri From Corpus$78,366RemainingDistriFromCorpusAmt
Total Corpus$364,759TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$31,464ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$333,295ExcessDistriCyovToNextYrAmt
Excess From Year4$40,124ExcessFromYear4Amt
Excess From Year3$71,026ExcessFromYear3Amt
Excess From Year2$75,958ExcessFromYear2Amt
Excess From Year1$67,821ExcessFromYear1Amt
Excess From Current Year$78,366ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

FieldValueIRS element (for citing)
Recipient PersonSEE ENCLOSED SCHEDULERecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1VARIOUSAddressLine1Txt
CityVARIOUSCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10021ZIPCd
FieldValueIRS element (for citing)
Recipient RelationshipNONERecipientRelationshipTxt
Recipient Foundation StatusN/ARecipientFoundationStatusTxt
Grant Or Contribution PurposeTO BENEFIT VARIOUS CHARITIES.GrantOrContributionPurposeTxt
Amt$78,366Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$78,366TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$41,942ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm-$5,866RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$41,942ExclusionAmt
Related Or Exempt Function Incm-$5,866RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$36,076TotalIncomeProducingActyAmt

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

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
FILING FEES$250$250
OFFICE EXPENSES$104$104

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
DescRESIDUAL BANK ACCOUNT REINSTATEDDesc
Amt$45Amt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryINVESTMENT FEESCategoryTxt
Amt$976Amt
Net Investment Income$976NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryFOREIGN TAXESCategoryTxt
Amt$696Amt
Net Investment Income$696NetInvestmentIncomeAmt

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