AOUNI FAKS FOUNDATION: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
AOUNI FAKS FOUNDATION (EIN 30-6004475)
Tax period
2021-01-01 to 2021-12-31
Filed
2022-11-14
IRS object ID
202203189349104170
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)
Return2022-11-14T11:33:45-08:00ReturnTs
Tax Period End2021-12-31TaxPeriodEndDt

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 Begin2021-01-01TaxPeriodBeginDt

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
Signature2022-11-14SignatureDt
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 PersonJoseph Calvo CPAPreparerPersonNm
PTINP00637286PTIN
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)
Tax2021TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$864,162FMVAssetsEOYAmt
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$362InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$362InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$25,903DividendsRevAndExpnssAmt
Dividends Net Invst Incm$25,903DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$5,261NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$309,999GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$5,261CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$91,526TotalRevAndExpnssAmt
Total Net Invst Incm$31,526TotalNetInvstIncmAmt
Other Expenses Rev And Expnss$824OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$824OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$824TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$824TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$38,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$38,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$38,824TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$824TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$38,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$52,702ExcessRevenueOverExpensesAmt
Net Investment Income$30,702NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$427,946SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$453,582SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$453,582SavAndTempCashInvstEOYFMVAmt
Corporate Bonds BOY$411,745CorporateBondsBOYAmt
Corporate Bonds EOY$438,811CorporateBondsEOYAmt
Corporate Bonds EOYFMV$410,580CorporateBondsEOYFMVAmt
Total Assets BOY$839,691TotalAssetsBOYAmt
Total Assets EOY$892,393TotalAssetsEOYAmt
Total Assets EOYFMV$864,162TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$839,691NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$892,393NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$839,691TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$892,393TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$839,691TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$892,393TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$839,691TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$52,702ExcessRevenueOverExpensesAmt
Subtotal$892,393SubtotalAmt
Tot Net Ast Or Fund Balances EOY$892,393TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
PUBLICLY TRADED SECURITIESP2021-01-012021-12-31$154,874$152,773$2,101$2,101
PUBLICLY TRADED SECURITIESP2020-01-012021-12-31$155,125$151,965$3,160$3,160
FieldValueIRS element (for citing)
Capital Gain Net Income$5,261CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss$2,101NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$427InvestmentIncomeExciseTaxAmt
Subtotal$427SubtotalAmt
Tax Based On Investment Income$427TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$2EstimatedPlusOvpmtIncmTxAmt
Extsn Request Income Tax Paid$1,200ExtsnRequestIncomeTaxPaidAmt
Total Payments And Credits$1,202TotalPaymentsAndCreditsAmt
Overpayment$775OverpaymentAmt
Applied To ES Tax$775AppliedToESTaxAmt

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$399,202AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$443,708AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$842,910TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$842,910AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$12,644CashDeemedCharitableAmt
Net Vl Noncharitable Assets$830,266NetVlNoncharitableAssetsAmt
Minimum Investment Return$41,513MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$41,513MinimumInvestmentReturnAmt
Tax Based On Investment Income$427TaxBasedOnInvestmentIncomeAmt
Total Tax$427TotalTaxAmt
Distributable Before Adj$41,086DistributableBeforeAdjAmt
Distributable Before Ded$41,086DistributableBeforeDedAmt
Distributable As Adjusted$41,086DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$38,000ExpensesAndContributionsAmt
Qualifying Distributions$38,000QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$41,086DistributableAsAdjustedAmt
Undistributed Income PY$4,332UndistributedIncomePYAmt
Qualifying Distributions$38,000QualifyingDistributionsAmt
Applied To Year1$4,332AppliedToYear1Amt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$33,668AppliedToCurrentYearAmt
Undistributed Income CY$7,418UndistributedIncomeCYAmt

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$26,500
YESHIVAT SHMUEL HECHEL
1532 EAST 10th STREETBROOKLYNNY11230PCFUNDS FOR EDUCATIONAL INSTITUTIONS AND THEIR ACTIVITIES$6,500
AHI EZER CONGREGATION
1885 OCEAN PARKWAYBROOKLYNNY11223PCHELP A SYNAGOGUE WITH ITS BUDGET$5,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$38,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$362ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$25,903ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$5,261ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$31,526ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$31,526TotalIncomeProducingActyAmt

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 (19 entries)

BondBondNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
BANCO MERCANTILE DEL NORTE BOND$10,473$10,113
PETROLEOS MEXICANOS MTN$35,003$29,137
YPF SOCIEDAD ANONIMA BOND$25,923$18,075
ENERGY TRANSFER LP BOND$20,403$20,350
REDWOOD TR INC NOTE$10,254$10,037
SOFTBANK GROUP CORP BOND$9,453$9,913
CIT GROUP INC NOTE$15,733$15,437
EQUITABLE HLDGS INC BOND$26,003$26,188
SOFTBANK GROUP CORP BOND$42,100$40,000
AIR LEASE CORP BOND$10,102$10,363
ASSURED GTY US HLDEGS INC BOND$18,940$18,225
AXIS SPECIALTY FINANCE LLC NOTE$42,560$41,836
CITIGROUP INC SER H MTN$23,165$20,339
ENTERPRISE PRODS OPER LLC NOTE$38,156$36,050
ILFC E-CAPITAL TRUST II BOND$12,522$12,788
JEFFERIES GROUP LLC$27,478$24,418
LINCOLN NATL CORP IND NOTE$22,159$21,437
PETROLEOUS MEXICANOS MTN REG S$21,940$20,812
SCHWAB CHARLES CORP BOND$26,444$25,062

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescINVESTMENT EXPENSESDesc
Revenue And Expenses Per Books$824RevenueAndExpensesPerBooksAmt
Net Investment Income$824NetInvestmentIncomeAmt

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