THE LAWRENCE & ANNE FRISMAN FOUNDATION INC: Form 990PF, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
THE LAWRENCE & ANNE FRISMAN FOUNDATION INC (EIN 13-3339955)
Tax period
2020-12-01 to 2021-11-30
Filed
2022-06-14
IRS object ID
202221659349100012
Schema version
2020v4.1
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)
Return2022-06-14T10:32:24-05:00ReturnTs
Tax Period End2021-11-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1SLK ADVISORY GROUP INCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11981 MARCUS AVE-STE 227AddressLine1Txt
CityLAKE SUCCESSCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11042ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2020-12-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN133339955EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE LAWRENCE & ANNE FRISMAN FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
In Care Of% LAWRENCE FRISMANInCareOfNm
Business Name ControlLAWRBusinessNameControlTxt

US Address USAddress

FieldValueIRS element (for citing)
Address Line17533 ISLA VERDE WAYAddressLine1Txt
CityDELRAY BEACHCityNm
State AbbreviationFLStateAbbreviationCd
ZIP33446ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonLARRY FRISMANPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone5617162290PhoneNum
Signature2022-06-06SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstLARRYPersonFirstNm
Person LastFRISMANPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMICHAEL PICKETTPreparerPersonNm
PTINP01473337PTIN
Phone5163528901PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
FieldValueIRS element (for citing)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$3,206,354FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$0ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$513InterestOnSavRevAndExpnssAmt
Dividends Rev And Expnss$26,552DividendsRevAndExpnssAmt
Net Gain Sale Ast Rev And Expnss$508,705NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$1,093,299GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$508,705CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$535,770TotalRevAndExpnssAmt
Total Net Invst Incm$508,705TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$0CompOfcrDirTrstRevAndExpnssAmt
Other Prof Fees Rev And Expnss$12,096OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$12,096OtherProfFeesNetInvstIncmAmt
Taxes Rev And Expnss$6,324TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss$430OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$430OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$18,850TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$12,526TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$148,200ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$148,200ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$167,050TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$12,526TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$148,200TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$368,720ExcessRevenueOverExpensesAmt
Net Investment Income$496,179NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$49,239SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$128,741SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$128,741SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$133,839CorporateStockBOYAmt
Corporate Stock EOY$1,617,683CorporateStockEOYAmt
Corporate Stock EOYFMV$3,077,613CorporateStockEOYFMVAmt
Other Assets BOY$839OtherAssetsBOYAmt
Total Assets BOY$183,917TotalAssetsBOYAmt
Total Assets EOY$1,746,424TotalAssetsEOYAmt
Total Assets EOYFMV$3,206,354TotalAssetsEOYFMVAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Capital Stock BOY$1,516,300CapitalStockBOYAmt
Capital Stock EOY$1,516,300CapitalStockEOYAmt
Retained Earning BOY-$134,383RetainedEarningBOYAmt
Retained Earning EOY$234,337RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$1,381,917TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,746,424TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,381,917TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,746,424TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,381,917TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$368,720ExcessRevenueOverExpensesAmt
Subtotal$1,750,637SubtotalAmt
Other Decreases$4,213OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$1,746,424TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
PropertyTHRU CHARLES SCHWABPropertyDesc
Acquired2016-01-14AcquiredDt
Sold2021-11-30SoldDt
Gross Sales Price$1,093,299GrossSalesPriceAmt
Cost Or Other Basis$584,594CostOrOtherBasisAmt
Gain Or Loss$508,705GainOrLossAmt
Gains Minus Excess Or Losses$508,705GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$508,705CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$6,897InvestmentIncomeExciseTaxAmt
Subtotal$6,897SubtotalAmt
Tax Based On Investment Income$6,897TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$4,153EstimatedPlusOvpmtIncmTxAmt
Exempt Frgn Org Tax Wthld At Srce$0ExemptFrgnOrgTaxWthldAtSrceAmt
Total Payments And Credits$4,153TotalPaymentsAndCreditsAmt
Tax Due$2,744TaxDueAmt

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
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1LAWRENCE FRISMANBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone5613621073PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line17533 ISLA VERDE WAYAddressLine1Txt
CityDELRAY BEACHCityNm
State AbbreviationFLStateAbbreviationCd
ZIP33446ZIPCd

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
Relying Current Ntc Dsstr AsstYes (X)RelyingCurrentNtcDsstrAsstInd
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
Relying Current Ntc Dsstr Asst1Yes (X)RelyingCurrentNtcDsstrAsst1Ind
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Proceeds Or Net IncomefalseProceedsOrNetIncomeInd

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
LAWRENCE FRISMAN
7533 ISLA VERDE WAYDELRAY BEACHFL33446PRESIDENT0$0$0$0
KENNETH FRISMAN
7533 ISLA VERDE WAYDELRAY BEACHFL33446SECRETARY0$0$0$0

Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1BEACON TRUSTBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1163 MADISON AVEAddressLine1Txt
CityMORRISTOWNCityNm
State AbbreviationNJStateAbbreviationCd
ZIP07960ZIPCd
FieldValueIRS element (for citing)
Service TypeINVESTMENTServiceTypeTxt
Compensation$12,096CompensationAmt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1NOT APPLICABLEDescription1Txt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1NOT APPLICABLEDescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$2,977,486AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$45,234AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$3,022,720TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$3,022,720AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$45,341CashDeemedCharitableAmt
Net Vl Noncharitable Assets$2,977,379NetVlNoncharitableAssetsAmt
Minimum Investment Return$148,869MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$148,869MinimumInvestmentReturnAmt
Tax Based On Investment Income$6,897TaxBasedOnInvestmentIncomeAmt
Total Tax$6,897TotalTaxAmt
Distributable Before Adj$141,972DistributableBeforeAdjAmt
Distributable Before Ded$141,972DistributableBeforeDedAmt
Distributable As Adjusted$141,972DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$148,200ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Charitable Assets Acquis Paid$0CharitableAssetsAcquisPaidAmt
Set Aside Suitability Test$0SetAsideSuitabilityTestAmt
Set Aside Cash Distri Test$0SetAsideCashDistriTestAmt
Qualifying Distributions$148,200QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm$0PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri$148,200AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$141,972DistributableAsAdjustedAmt
Undistributed Income PY$0UndistributedIncomePYAmt
Prior Year12018PriorYear1Yr
Prior Year22017PriorYear2Yr
Prior Year32016PriorYear3Yr
Excess Distribution Cyov Yr2$0ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$26,048ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$26,048TotalExcessDistributionCyovAmt
Qualifying Distributions$148,200QualifyingDistributionsAmt
Applied To Year1$0AppliedToYear1Amt
Applied To Current Year$141,972AppliedToCurrentYearAmt
Remaining Distri From Corpus$6,228RemainingDistriFromCorpusAmt
Total Corpus$32,276TotalCorpusAmt
Taxable2$0Taxable2Amt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$32,276ExcessDistriCyovToNextYrAmt
Excess From Year2$0ExcessFromYear2Amt
Excess From Year1$26,048ExcessFromYear1Amt
Excess From Current Year$6,228ExcessFromCurrentYearAmt
FieldValueIRS element (for citing)
Private Operating FoundationsPrivateOperatingFoundationsGrp

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerLAWRENCE FRISMANContributingManagerNm
Shareholder ManagerNONEShareholderManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1SCHEDULE ATTACHEDBusinessNameLine1Txt

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line17533 ILSA VERDE WAYAddressLine1Txt
CityDELRAY BEACHCityNm
State AbbreviationFLStateAbbreviationCd
ZIP33446ZIPCd
FieldValueIRS element (for citing)
Grant Or Contribution PurposeTO AID THE DONEE ORGANIZATIONS IN CARRYING OUT THEIR CHARITABLE FUNCTIONS.GrantOrContributionPurposeTxt
Amt$148,200Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$148,200TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

FieldValueIRS element (for citing)
Fees Contracts From Govt AgFeesContractsFromGovtAgGrp
Membership Dues And AssmntMembershipDuesAndAssmntGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$513ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$26,552ExclusionAmt
FieldValueIRS element (for citing)
Net Rntl Incm Re Debt Fincd PropNetRntlIncmReDebtFincdPropGrp
Net Rntl Incm Re Not Debt Fincd PropNetRntlIncmReNotDebtFincdProp
Net Rental Income Personal PropNetRentalIncomePersonalPropGrp
Other Investment Incm Part VIIOtherInvestmentIncmPartVIIGrp

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$508,705ExclusionAmt
FieldValueIRS element (for citing)
Net Income Loss From Special EvtNetIncomeLossFromSpecialEvtGrp
Gross Profit Loss Sls Of InvntryGrossProfitLossSlsOfInvntryGrp

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$535,770ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$535,770TotalIncomeProducingActyAmt

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

Contractor Compensation Expln ContractorCompensationExpln

Contractor Comp Expln ContractorCompExplnGrp

FieldValueIRS element (for citing)
Contractor PersonBEACON TRUSTContractorPersonNm
ExplanationINVESTMENT ADVISORY FEESExplanationTxt

Depreciation Schedule DepreciationSchedule

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockDOMESTIC EQUITIES THRU SCHWABStockNm
EOY Book Value$1,617,683EOYBookValueAmt
EOYFMV$3,077,613EOYFMVAmt

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

FieldValueIRS element (for citing)
DescPRIOR PERIOD ADJUSTMENTDesc
Amt$4,213Amt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescFILING FEESDesc
Revenue And Expenses Per Books$430RevenueAndExpensesPerBooksAmt
Net Investment Income$430NetInvestmentIncomeAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryINVESTMENT ADVISORY FEE- BEACOCategoryTxt
Amt$12,096Amt
Net Investment Income$12,096NetInvestmentIncomeAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryFEDERAL EXCISE TAXCategoryTxt
Amt$6,324Amt

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