MILTON AND URSULA H STOLAROFF FOUNDATION: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
MILTON AND URSULA H STOLAROFF FOUNDATION (EIN 46-4456572)
Tax period
2021-01-01 to 2021-12-31
Filed
2022-10-24
IRS object ID
202202979349100950
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)
Return2022-10-24T20:09:37-07:00ReturnTs
Tax Period End2021-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN954829539PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1E V Juan CPA IncBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line17655 Winnetka Ave 2839AddressLine1Txt
CityWinnetkaCityNm
State AbbreviationCAStateAbbreviationCd
ZIP91306ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2021-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN464456572EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1MILTON AND URSULA H STOLAROFF FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlMILTBusinessNameControlTxt
Phone9497192625PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 12816AddressLine1Txt
CityNEWPORT BEACHCityNm
State AbbreviationCAStateAbbreviationCd
ZIP92658ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMICHAEL FARAHPersonNm
Person TitlePresidentPersonTitleTxt
Signature2022-10-24SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstMICHAELPersonFirstNm
Person LastFARAHPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonE V JUAN CPA INCPreparerPersonNm
PTINP00075284PTIN
Phone8189890010PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer3TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
Federated Assurance LevelFAL1FederatedAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$2,269,821FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$18InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$18InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$18InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$39,387DividendsRevAndExpnssAmt
Dividends Net Invst Incm$39,387DividendsNetInvstIncmAmt
Dividends Adj Net Incm$39,387DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$360,582NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$1,295,599GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$347,568CapGainNetIncmNetInvstIncmAmt
Net ST Capital Gain Adj Net Incm$87,205NetSTCapitalGainAdjNetIncmAmt
Total Rev And Expnss$399,987TotalRevAndExpnssAmt
Total Net Invst Incm$386,973TotalNetInvstIncmAmt
Total Adj Net Incm$126,610TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$1,600AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$1,600AccountingFeesNetInvstIncmAmt
Accounting Fees Adj Net Incm$1,600AccountingFeesAdjNetIncmAmt
Other Prof Fees Rev And Expnss$21,486OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$21,486OtherProfFeesNetInvstIncmAmt
Other Prof Fees Adj Net Incm$21,486OtherProfFeesAdjNetIncmAmt
Taxes Rev And Expnss$1,311TaxesRevAndExpnssAmt
Taxes Net Invst Incm$1,311TaxesNetInvstIncmAmt
Taxes Adj Net Incm$1,311TaxesAdjNetIncmAmt
Tot Opr Expenses Rev And Expnss$24,397TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$24,397TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm$24,397TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$260,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$260,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$284,397TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$24,397TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm$24,397TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$260,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$115,590ExcessRevenueOverExpensesAmt
Net Investment Income$362,576NetInvestmentIncomeAmt
Adjusted Net Income$102,213AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$16,016CashBOYAmt
Cash EOY$155,944CashEOYAmt
Cash EOYFMV$155,944CashEOYFMVAmt
Corporate Stock BOY$973,637CorporateStockBOYAmt
Corporate Stock EOY$1,889,284CorporateStockEOYAmt
Corporate Stock EOYFMV$1,889,284CorporateStockEOYFMVAmt
Other Investments BOY$847,912OtherInvestmentsBOYAmt
Other Investments EOY$224,593OtherInvestmentsEOYAmt
Other Investments EOYFMV$224,593OtherInvestmentsEOYFMVAmt
Total Assets BOY$1,837,565TotalAssetsBOYAmt
Total Assets EOY$2,269,821TotalAssetsEOYAmt
Total Assets EOYFMV$2,269,821TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$1,837,565NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$2,269,821NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$1,837,565TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$2,269,821TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,837,565TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$2,269,821TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,837,565TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$115,590ExcessRevenueOverExpensesAmt
Other Increases$309,786OtherIncreasesAmt
Subtotal$2,262,941SubtotalAmt
Tot Net Ast Or Fund Balances EOY$2,262,941TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (9 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
5,000 BAYERP2021-03-292021-09-01$69,592$78,907-$9,315-$9,315
5,000 TAKEDA PHARMAP2021-02-112021-09-01$84,349$87,446-$3,097-$3,097
3,000 UNITED NATURAL FOODSP2020-12-162021-09-30$148,448$48,831$99,617$99,617
1,375 AT&TP2018-09-012021-09-01$37,359$41,962-$4,603-$4,603
300 METAP2018-10-312021-10-04$97,363$45,867$51,496$51,496
150 IBMP2018-07-182021-01-25$17,687$21,611-$3,924-$3,924
5,838.822 T ROWE PRICEP2018-01-112021-01-11$386,472$246,547$139,925$139,925
2,000 VIACOMBSP2019-12-132021-03-10$161,209$76,860$84,349$84,349
4,428.470 T ROWE PRICEP2018-01-112021-01-11$293,120$300,000-$6,880-$6,880
FieldValueIRS element (for citing)
Capital Gain Net Income$347,568CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss$87,205NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$5,040InvestmentIncomeExciseTaxAmt
Subtotal$5,040SubtotalAmt
Tax Based On Investment Income$5,040TaxBasedOnInvestmentIncomeAmt
Backup Withholding Withheld$1,180BackupWithholdingWithheldAmt
Total Payments And Credits$1,180TotalPaymentsAndCreditsAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$75EsPenaltyAmt
Tax Due$3,935TaxDueAmt
Applied To ES Tax$0AppliedToESTaxAmt

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
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1MICHAEL FARAHBusinessNameLine1Txt

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1511 E BALBOA BLVDAddressLine1Txt
CityNEWPORT BEACHCityNm
State AbbreviationCAStateAbbreviationCd
ZIP92661ZIPCd
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

FieldValueIRS element (for citing)
PersonMICHAEL FARAHPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1511 E BALBOA BLVDAddressLine1Txt
CityNEWPORT BEACHCityNm
State AbbreviationCAStateAbbreviationCd
ZIP92658ZIPCd
FieldValueIRS element (for citing)
TitlePresidentTitleTxt
Average Hrs Per Wk Devoted To Pos5.00AverageHrsPerWkDevotedToPosRt
Compensation$0CompensationAmt
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 THE CELEBRITY FOUNDATION FOR CHILDREN - 501(C)3 ORGANIZATIONDescription1Txt
Expenses1$260,000Expenses1Amt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$1,665,726AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$433,741AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$2,099,467TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$2,099,467AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$31,492CashDeemedCharitableAmt
Net Vl Noncharitable Assets$2,067,975NetVlNoncharitableAssetsAmt
Minimum Investment Return$103,399MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$103,399MinimumInvestmentReturnAmt
Tax Based On Investment Income$5,040TaxBasedOnInvestmentIncomeAmt
Total Tax$5,040TotalTaxAmt
Distributable Before Adj$98,359DistributableBeforeAdjAmt
Distributable Before Ded$98,359DistributableBeforeDedAmt
Distributable As Adjusted$98,359DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$260,000ExpensesAndContributionsAmt
Qualifying Distributions$260,000QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$98,359DistributableAsAdjustedAmt
Excess Distribution Cyov Yr4$71,054ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$43,091ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$34,825ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$16,163ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$165,133TotalExcessDistributionCyovAmt
Qualifying Distributions$260,000QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$98,359AppliedToCurrentYearAmt
Remaining Distri From Corpus$161,641RemainingDistriFromCorpusAmt
Total Corpus$326,774TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$326,774ExcessDistriCyovToNextYrAmt
Excess From Year4$71,054ExcessFromYear4Amt
Excess From Year3$43,091ExcessFromYear3Amt
Excess From Year2$34,825ExcessFromYear2Amt
Excess From Year1$16,163ExcessFromYear1Amt
Excess From Current Year$161,641ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1CELEBRITY FOUNDATION FOR CHILDRENBusinessNameLine1Txt

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 12709AddressLine1Txt
CityNEWPORT BEACHCityNm
State AbbreviationCAStateAbbreviationCd
ZIP92658ZIPCd
FieldValueIRS element (for citing)
Recipient RelationshipNONERecipientRelationshipTxt
Recipient Foundation StatusPCRecipientFoundationStatusTxt
Grant Or Contribution PurposeCHARITYGrantOrContributionPurposeTxt
Amt$260,000Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$260,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion$18ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion$39,387ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion$13,014ExclusionAmt
Related Or Exempt Function Incm$347,568RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$52,419ExclusionAmt
Related Or Exempt Function Incm$347,568RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$399,987TotalIncomeProducingActyAmt

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

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryTAX PREPARATIONCategoryTxt
Amt$1,600Amt
Net Investment Income$1,600NetInvestmentIncomeAmt
Adjusted Net Income$1,600AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp

FieldValueIRS element (for citing)
Category Or ItemMUTUAL FUNDSCategoryOrItemTxt
Listed At Cost Or FMVFMVListedAtCostOrFMVCd
Book Value$224,593BookValueAmt
EOYFMV$224,593EOYFMVAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryTD AMERITRADE FEESCategoryTxt
Amt$21,486Amt
Net Investment Income$21,486NetInvestmentIncomeAmt
Adjusted Net Income$21,486AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Reasonable Cause Explanation ReasonableCauseExplanation

FieldValueIRS element (for citing)
ExplanationVOLATILITY OF THE STOCK MARKET TO DETERMINE INCOME AT 12/31/2021, AS WELL AS DELAYED REPORTING BY STOCK BROKERAGES. THE MAIN SOURCE OF INCOME ARE FROM INVESTMENTS.ExplanationTxt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (4 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmtAdjusted Net IncomeAdjustedNetIncomeAmt
FTB CALIF$74$74$74
IRS$1,152$1,152$1,152
REGISTRY OF TRUSTS$50$50$50
RRF$35$35$35

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