PARY AND ABDULRAHIM LEVIAN CHARITABLE FOUNDATION INC: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization: PARY AND ABDULRAHIM LEVIAN CHARITABLE FOUNDATION INC (EIN 06-1684665)
Tax period: 2021-01-01 to 2021-12-31
Filed: 2022-06-17
IRS object ID: 202221689349100507
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
Form 990-PF
Schedule B
Land Etc Schedule2
Taxes Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2022-06-17T11:56:16-05:00	ReturnTs
Tax Period End	2021-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	844007098	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	MEISELS KUNSTLER PICKER & AUERBACH CPA	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	525 CHESTNUT ST STE 204/205	AddressLine1Txt
City	CEDARHURST	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	11516	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnTypeCd
Tax Period Begin	2021-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	061684665	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	THE PARY & ABDULRAHIM LEVIAN	BusinessNameLine1Txt
Business Name Line2	CHARITABLE FOUNDATION	BusinessNameLine2Txt

Field	Value	IRS element (for citing)
Business Name Control	PARY	BusinessNameControlTxt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	235 GREAT NECK ROAD	AddressLine1Txt
City	GREAT NECK	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	11021	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	MOOSSA LEVIAN	PersonNm
Person Title	DIRECTOR	PersonTitleTxt
Signature	2022-06-03	SignatureDt

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Field	Value	IRS element (for citing)
Person First	MOOSSA	PersonFirstNm
Person Last	LEVIAN	PersonLastNm

Field	Value	IRS element (for citing)
SSN	XXX-XX-XXXX	SSN

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	DAVID MEISELS	PreparerPersonNm
PTIN	P00543264	PTIN
Phone	5162391500	PhoneNum
Preparation	2022-06-17	PreparationDt

Field	Value	IRS element (for citing)
Tax	2021	TaxYr
Build TS	2022-09-23 18:48:47Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
FMV Assets EOY	$9,187,899	FMVAssetsEOYAmt
Method Of Accounting Cash	Yes (X)	MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Contri Rcvd Rev And Expnss	$2,041,400	ContriRcvdRevAndExpnssAmt
Total Rev And Expnss	$2,041,400	TotalRevAndExpnssAmt
Total Net Invst Incm	$0	TotalNetInvstIncmAmt
Taxes Rev And Expnss	$532	TaxesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss	$532	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$0	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$0	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$1,080,485	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$1,080,485	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$1,081,017	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$0	TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl	$1,080,485	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	$960,383	ExcessRevenueOverExpensesAmt
Net Investment Income	$0	NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Cash BOY	$8,227,516	CashBOYAmt
Cash EOY	$9,187,899	CashEOYAmt
Cash EOYFMV	$9,187,899	CashEOYFMVAmt
Total Assets BOY	$8,227,516	TotalAssetsBOYAmt
Total Assets EOY	$9,187,899	TotalAssetsEOYAmt
Total Assets EOYFMV	$9,187,899	TotalAssetsEOYFMVAmt
Total Liabilities EOY	$0	TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117	Yes (X)	OrgDoesNotFollowFASB117Ind
Capital Stock BOY	$8,227,516	CapitalStockBOYAmt
Capital Stock EOY	$9,187,899	CapitalStockEOYAmt
Tot Net Ast Or Fund Balances BOY	$8,227,516	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$9,187,899	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$8,227,516	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$9,187,899	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$8,227,516	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	$960,383	ExcessRevenueOverExpensesAmt
Subtotal	$9,187,899	SubtotalAmt
Tot Net Ast Or Fund Balances EOY	$9,187,899	TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Investment Income Excise Tax	$0	InvestmentIncomeExciseTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

Field	Value	IRS element (for citing)
Legislative Political Acty	false	LegislativePoliticalActyInd
More Than100 Spent	false	MoreThan100SpentInd
Form1120 POL Filed	false	Form1120POLFiledInd
Activities Not Previously Rpt	false	ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws	false	ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit	false	UnrelatedBusIncmOverLimitInd
Organization Dissolved Etc	false	OrganizationDissolvedEtcInd
Section508e Rqr Satisfied	Yes (true)	Section508eRqrSatisfiedInd
At Least5000 In Assets	Yes (true)	AtLeast5000InAssetsInd
Org Report Or Register State	NY	OrgReportOrRegisterStateCd
Form990 PF Filed With Atty Gen	Yes (true)	Form990PFFiledWithAttyGenInd
Private Operating Foundation	false	PrivateOperatingFoundationInd
New Substantial Contributors	false	NewSubstantialContributorsInd
Own Controlled Entity	false	OwnControlledEntityInd
Donor Advised Fund	false	DonorAdvisedFundInd
Comply With Public Insp Rqr	Yes (true)	ComplyWithPublicInspRqrInd
Website Address	N/A	WebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

Field	Value	IRS element (for citing)
Business Name Line1	THE PARY & ABDULRAHIM LEVIAN	BusinessNameLine1Txt
Business Name Line2	CHARITABLE FOUNDATION	BusinessNameLine2Txt

Field	Value	IRS element (for citing)
Phone	5164667200	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	235 GREAT NECK ROAD	AddressLine1Txt
City	GREAT NECK	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	11021	ZIPCd

Field	Value	IRS element (for citing)
Foreign Accounts Question	false	ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Field	Value	IRS element (for citing)
Sale Or Exch Disqualified Prsn	false	SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn	false	BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified Prsn	false	FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified Prsn	false	PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn	false	TransferAstDisqualifiedPrsnInd
Payment To Government Official	false	PaymentToGovernmentOfficialInd
Undistributed Income PY	false	UndistributedIncomePYInd
Business Holdings	false	BusinessHoldingsInd
Jeopardy Investments	false	JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst	false	UncorrectedPYJeopardyInvstInd
Influence Legislation	false	InfluenceLegislationInd
Influence Election	false	InfluenceElectionInd
Grants To Individuals	false	GrantsToIndividualsInd
Grants To Organizations	false	GrantsToOrganizationsInd
Noncharitable Purpose	false	NoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	false	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	false	PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht Pymt	false	SubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (4 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	TitleTitleTxt	Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt	CompensationCompensationAmt	Employee Benefit ProgramEmployeeBenefitProgramAmt	Expense Account Other AllwncExpenseAccountOtherAllwncAmt
PARY LEVIAN
235 GREAT NECK ROAD	GREAT NECK	NY	11021	DIRECTOR	0.25	$0	$0	$0
EDMOND LEVIAN
235 GREAT NECK ROAD	GREAT NECK	NY	11021	DIRECTOR	0.25	$0	$0	$0
LAWRENCE LEVIAN
235 GREAT NECK ROAD	GREAT NECK	NY	11021	DIRECTOR	0.25	$0	$0	$0
MOOSSA LEVIAN
235 GREAT NECK ROAD	GREAT NECK	NY	11021	DIRECTOR	0.25	$0	$0	$0

Field	Value	IRS element (for citing)
Comp Of Hghst Pd Empl Or NONE	NONE	CompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONE	NONE	CompOfHghstPdCntrctOrNONETxt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

Field	Value	IRS element (for citing)
Description1	DISTRIBUTED FUNDS FOR EDUCATIONAL, CHARITABLE, SCIENTIFIC & LITERARY ORGANIZATIONS IN ORDER TO ENABLE THE ORGANIZATIONS TO CONTINUE THEIR ACTIVITIES.	Description1Txt
Expenses1	$1,080,767	Expenses1Amt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

Field	Value	IRS element (for citing)
Description1	N/A	Description1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

Field	Value	IRS element (for citing)
Average Monthly FMV Of Sec	$0	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$9,129,449	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$0	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$9,129,449	TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast	$9,129,449	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$136,942	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$8,992,507	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$449,625	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$449,625	MinimumInvestmentReturnAmt
Distributable Before Adj	$449,625	DistributableBeforeAdjAmt
Distributable Before Ded	$449,625	DistributableBeforeDedAmt
Distributable As Adjusted	$449,625	DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$1,080,485	ExpensesAndContributionsAmt
Qualifying Distributions	$1,080,485	QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$449,625	DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5	$965,950	ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4	$507,116	ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3	$492,157	ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2	$659,424	ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1	$100,489	ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov	$2,725,136	TotalExcessDistributionCyovAmt
Qualifying Distributions	$1,080,485	QualifyingDistributionsAmt
Applied To Current Year	$449,625	AppliedToCurrentYearAmt
Remaining Distri From Corpus	$630,860	RemainingDistriFromCorpusAmt
Total Corpus	$3,355,996	TotalCorpusAmt
Undistributed Income CY	$0	UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5	$965,950	ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr	$2,390,046	ExcessDistriCyovToNextYrAmt
Excess From Year4	$507,116	ExcessFromYear4Amt
Excess From Year3	$492,157	ExcessFromYear3Amt
Excess From Year2	$659,424	ExcessFromYear2Amt
Excess From Year1	$100,489	ExcessFromYear1Amt
Excess From Current Year	$630,860	ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

Field	Value	IRS element (for citing)
Contributing Manager	LAWRENCE LEVIAN	ContributingManagerNm
Contributing Manager	EDMOND LEVIAN	ContributingManagerNm
Contributing Manager	MOOSSA LEVIAN	ContributingManagerNm
Only Contri To Preselected	Yes (X)	OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (9 entries)

Address Line1RecipientUSAddress/AddressLine1Txt	CityRecipientUSAddress/CityNm	State AbbreviationRecipientUSAddress/StateAbbreviationCd	ZIPRecipientUSAddress/ZIPCd	Recipient Foundation StatusRecipientFoundationStatusTxt	Grant Or Contribution PurposeGrantOrContributionPurposeTxt	AmtAmt
NORTH SHORE HEB ACADEMY
18 CHERRY LANE	GREAT NECK	NY	11024	EXEMPT	BUILDING FUND	$206,000
UMJCA
54 STEAMBOAT ROAD	GREAT NECK	NY	11021	EXEMPT	SYNAGOGUE & RELATED PROGRAMS	$702,085
AMERICAN FRIENDS OF NETIV ARYEH
18 ORCHARD HILL DRIVE	MONSEY	NY	10952	EXEMPT	SCHOLARSHIP FUND	$54,000
ZICHRON LEKDOSHIM
14141 72ND AVE	QUEENS	NY	11367	EXEMPT	BENEFIT PEOPLE IN NEED	$36,000
AMERICAN FRIENDS OF CHABAD OF THAIL
80 SHORE ROAD	PORT WASHINGTON	NY	11050	EXEMPT	BENEFIT PEOPLE IN NEED	$26,000
SHAAR HAEMET
6544 SAUNDERS ST APT A7	REGO PARK	NY	11374	EXEMPT	SCHOLARSHIP FUND	$18,000
AMERICAN FRIENDS OF YAKEREI YERUSH
1537 EAST 3RD STREET	BROOKLYN	NY	11230	EXEMPT	SCHOLARSHIP FUND	$18,000
AMERICAN FRIENDS OF TIFERET RAFAEL
PO BOX 36383	CINCINNATI	OH	45236	EXEMPT	BENEFIT PEOPLE IN NEED	$15,400
MAASER FUND CORP
11 MIDDLE NECK ROAD SUIT	GREAT NECK	NY	11021	EXEMPT	BENEFIT PEOPLE IN NEED	$5,000

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$1,080,485	TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Other Revenue Described OtherRevenueDescribedGrp

Field	Value	IRS element (for citing)
Desc	LOSS ON BUILDING CONTRACT	Desc

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Field	Value	IRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO	false	TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO	false	TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets	false	SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO	false	PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets	false	RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements	false	ReimbursementArrangementsInd
Loans Or Loan Guarantees	false	LoansOrLoanGuaranteesInd
Performance Of Services Etc	false	PerformanceOfServicesEtcInd
Sharing Of Facilities Etc	false	SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO	false	RelationshipsNonchrtblEOInd

Schedule B IRS990ScheduleB

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
General Rule	Yes (X)	GeneralRuleInd

Contributor Information ContributorInformationGrp (3 entries)

ContributorContributorNum	Address Line1ContributorUSAddress/AddressLine1Txt	CityContributorUSAddress/CityNm	State AbbreviationContributorUSAddress/StateAbbreviationCd	ZIPContributorUSAddress/ZIPCd	Total ContributionsTotalContributionsAmt	Person ContributionPersonContributionInd
LEVIAN CORP
1	235 GREAT NECK ROAD	GREAT NECK	NY	11021	$2,000,000	Yes (X)
JOSH LEVIAN
2	7 SOUTH STREET	GREAT NECK	NY	11023	$5,400	Yes (X)
JONATHAN LEVAIN
3	121 KINGS POINT ROAD	GREAT NECK	NY	11021	$36,000	Yes (X)

Land Etc Schedule2 LandEtcSchedule2

Land Etc LandEtcGrp

Field	Value	IRS element (for citing)
Category Or Item	EDUCATION BUILDING EXPENDITURES	CategoryOrItemTxt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (3 entries)

CategoryCategoryTxt	AmtAmt
FEDERAL INCOME TAX	$32
NYS FILING FEE	$250
NYS FILING FEE	$250

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