AOUNI FAKS FOUNDATION: Form 990PF, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
AOUNI FAKS FOUNDATION (EIN 30-6004475)
Tax period
2020-01-01 to 2020-12-31
Filed
2022-02-16
IRS object ID
202240479349100119
Schema version
2020v4.0
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)
Return2022-02-16T16:11:29-08:00ReturnTs
Tax Period End2020-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN874126802PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Schreiber & Calvo CPAs LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1377 Oak Street Suite 415AddressLine1Txt
CityGarden CityCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11530ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2020-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN306004475EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1AOUNI FAKS FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlAOUNBusinessNameControlTxt
Phone7188591110PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line14302 FARRAGUT ROADAddressLine1Txt
CityBROOKLYNCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11203ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDANIEL FAKSPersonNm
Person TitleTreasurerPersonTitleTxt
Signature2022-02-16SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstDANIELPersonFirstNm
Person LastFAKSPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMelvin S SchreiberPreparerPersonNm
PTINP00335001PTIN
Phone5164848700PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
Federated Assurance LevelFAL1FederatedAssuranceLevelCd
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$828,634FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$60,000ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$663InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$663InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$24,473DividendsRevAndExpnssAmt
Dividends Net Invst Incm$24,473DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$4,484NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$261,916GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$4,484CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$89,620TotalRevAndExpnssAmt
Total Net Invst Incm$29,620TotalNetInvstIncmAmt
Other Expenses Rev And Expnss$281OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$281OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$281TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$281TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$45,509ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$45,509ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$45,790TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$281TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$45,509TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$43,830ExcessRevenueOverExpensesAmt
Net Investment Income$29,339NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$417,530SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$427,946SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$427,946SavAndTempCashInvstEOYFMVAmt
Corporate Bonds BOY$378,331CorporateBondsBOYAmt
Corporate Bonds EOY$411,745CorporateBondsEOYAmt
Corporate Bonds EOYFMV$400,688CorporateBondsEOYFMVAmt
Total Assets BOY$795,861TotalAssetsBOYAmt
Total Assets EOY$839,691TotalAssetsEOYAmt
Total Assets EOYFMV$828,634TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$795,861NoDonorRstrNetAssestsBOYAmt
Tot Net Ast Or Fund Balances BOY$795,861TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$839,691TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$795,861TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$839,691TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$795,861TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$43,830ExcessRevenueOverExpensesAmt
Subtotal$839,691SubtotalAmt
Tot Net Ast Or Fund Balances EOY$839,691TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (3 entries)

PropertyPropertyDescAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
PUBLICLY TRADED SECURITIES2020-01-012020-11-01$112,020$108,263$3,757$3,757
PUBLICLY TRADED SECURITIES2019-01-012020-12-31$146,059$145,073$986$986
PUBLICLY TRADED SECURITIES2019-01-012020-12-31$3,837$4,096-$259-$259
FieldValueIRS element (for citing)
Capital Gain Net Income$4,484CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss$3,757NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$408InvestmentIncomeExciseTaxAmt
Subtotal$408SubtotalAmt
Tax Based On Investment Income$408TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$410EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$410TotalPaymentsAndCreditsAmt
Overpayment$2OverpaymentAmt
Applied To ES Tax$2AppliedToESTaxAmt

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 StateNYOrgReportOrRegisterStateCd
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 Line1DANIEL FAKSBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone7188591110PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line14302 FARRAGUT ROADAddressLine1Txt
CityBROOKLYNCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11203ZIPCd
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 (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
DANIEL FAKS
4302 FARRAGUT ROADBROOKLYNNY11203Treasurer0.00$0
IBRAHIM FAKS
4302 FARRAGUT ROADBROOKLYNNY11203Vice President0.00$0
FREDDY FAKS
4302 FARRAGUT ROADBROOKLYNNY11203Secretary0.00$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$340,964AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$418,591AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$759,555TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$759,555AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$11,393CashDeemedCharitableAmt
Net Vl Noncharitable Assets$748,162NetVlNoncharitableAssetsAmt
Minimum Investment Return$37,408MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$37,408MinimumInvestmentReturnAmt
Tax Based On Investment Income$408TaxBasedOnInvestmentIncomeAmt
Total Tax$408TotalTaxAmt
Distributable Before Adj$37,000DistributableBeforeAdjAmt
Distributable Before Ded$37,000DistributableBeforeDedAmt
Distributable As Adjusted$37,000DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$45,509ExpensesAndContributionsAmt
Qualifying Distributions$45,509QualifyingDistributionsAmt
Adjusted Qualifying Distri$45,509AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$37,000DistributableAsAdjustedAmt
Undistributed Income PY$12,841UndistributedIncomePYAmt
Qualifying Distributions$45,509QualifyingDistributionsAmt
Applied To Year1$12,841AppliedToYear1Amt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$32,668AppliedToCurrentYearAmt
Undistributed Income CY$4,332UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (3 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
SEPHARDIC LEBANESE CONGREGATION INC
805 AVENUE TBROOKLYNNY11223PCHELP A SYNAGOGUE WITH ITS BUDGET$29,309
YESOD HATORAH
333 LAWRENCE AVENUELAKEWOODNJ08701PCFUNDS FOR EDUCATIONAL INSTITUTIONS AND THEIR ACTIVITIES$8,200
YESHIVAT SHMUEL HECHEL
1532 EAST 10th STREETBROOKLYNNY11230PCFUNDS FOR EDUCATIONAL INSTITUTIONS AND THEIR ACTIVITIES$8,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$45,509TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$663ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$24,473ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$4,484ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$29,620ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$29,620TotalIncomeProducingActyAmt

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 Line1WORLD OF CHANTILLY INCBusinessNameLine1Txt

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line14302 FARRAGUT ROADAddressLine1Txt
CityBROOKLYNCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11203ZIPCd
FieldValueIRS element (for citing)
Total Contributions$60,000TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule

Investments Corporate Bonds InvestmentsCorporateBondsGrp (16 entries)

BondBondNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
MPLX LP BOND$41,203$38,600
BANCO MERCANTILE DEL NORTE BOND$10,473$10,537
PETROLEOS MEXICANOS MTN$35,003$31,194
YPF SOCIEDAD ANONIMA BOND$25,923$21,563
DCP MIDSTREAM LP BOND$45,833$41,500
ENERGY TRANSFER OPERATING LP BOND$18,753$16,900
REDWOOD TR INC NOTE$10,254$9,409
SOCIETE GENERALE BOND$30,648$33,611
SOFTBANK GROUP CORP BOND$9,453$9,747
AMERICAN EXPRESS CO BOND$34,740$34,068
CITIGROUP INC BOND$25,503$25,038
DEUTSCHE BK AG NOTE$50,709$53,234
EQUITABLE HLDGS INC BOND$26,003$26,594
JPMORGAN CHASE & CO BOND$19,203$20,325
RUBY PIPELINE LLC C NOTE$12,516$12,449
WELLS FARGO & CO BOND$15,528$15,919

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescINVESTMENT EXPENSESDesc
Revenue And Expenses Per Books$281RevenueAndExpensesPerBooksAmt
Net Investment Income$281NetInvestmentIncomeAmt

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