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MURAD FAMILY FOUNDATION: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
MURAD FAMILY FOUNDATION (EIN 45-1585141)
Tax period
2021-01-01 to 2021-12-31
Filed
2022-11-14
IRS object ID
202233189349106183
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)
Return2022-11-14T19:17:44-05:00ReturnTs
Tax Period End2021-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN200575426PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1LEGACY ADVISORS LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line130 WHITECLOUDAddressLine1Txt
CityIRVINECityNm
State AbbreviationCAStateAbbreviationCd
ZIP926145447ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2021-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN451585141EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1MURAD FAMILY FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlMURABusinessNameControlTxt
Phone3107223353PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11601 N SEPULVEDA BLVD 237AddressLine1Txt
CityMANHATTAN BEACHCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90266ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonHILARIE MURADPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone3107263353PhoneNum
Signature2022-11-07SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstHILARIEPersonFirstNm
Person LastMURADPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJULIE KRAMER-MCNATTPreparerPersonNm
PTINP00245500PTIN
Phone9496511243PhoneNum
Preparation2022-11-07PreparationDt
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$2,056,945FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$36,950DividendsRevAndExpnssAmt
Dividends Net Invst Incm$37,098DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$61,644NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$400,880GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$68,967CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$98,594TotalRevAndExpnssAmt
Total Net Invst Incm$106,065TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$20,267CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm$3,040CompOfcrDirTrstNetInvstIncmAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl$17,227CompOfcrDirTrstDsbrsChrtblAmt
Accounting Fees Rev And Expnss$8,225AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$4,113AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps$4,113AccountingFeesChrtblPrpsAmt
Other Prof Fees Rev And Expnss$14,107OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$14,107OtherProfFeesNetInvstIncmAmt
Taxes Rev And Expnss$260TaxesRevAndExpnssAmt
Taxes Net Invst Incm$260TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss$936OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$936OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$43,795TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$21,520TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$22,276TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$13,500ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$13,500ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$57,295TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$21,520TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$35,776TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$41,299ExcessRevenueOverExpensesAmt
Net Investment Income$84,545NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$47,377SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$47,683SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$47,683SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$976,448CorporateStockBOYAmt
Corporate Stock EOY$1,037,619CorporateStockEOYAmt
Corporate Stock EOYFMV$1,514,956CorporateStockEOYFMVAmt
Corporate Bonds BOY$504,503CorporateBondsBOYAmt
Corporate Bonds EOY$484,325CorporateBondsEOYAmt
Corporate Bonds EOYFMV$494,306CorporateBondsEOYFMVAmt
Total Assets BOY$1,528,328TotalAssetsBOYAmt
Total Assets EOY$1,569,627TotalAssetsEOYAmt
Total Assets EOYFMV$2,056,945TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$1,528,328RetainedEarningBOYAmt
Retained Earning EOY$1,569,627RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$1,528,328TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,569,627TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,528,328TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,569,627TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,528,328TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$41,299ExcessRevenueOverExpensesAmt
Subtotal$1,569,627SubtotalAmt
Tot Net Ast Or Fund Balances EOY$1,569,627TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
PropertyPUBLICLY TRADED SECURITIESPropertyDesc
How AcquiredPHowAcquiredCd
Gross Sales Price$392,778GrossSalesPriceAmt
Cost Or Other Basis$331,913CostOrOtherBasisAmt
Gain Or Loss$60,865GainOrLossAmt
Gains Minus Excess Or Losses$60,865GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$68,967CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss$60,865NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$1,175InvestmentIncomeExciseTaxAmt
Subtotal$1,175SubtotalAmt
Tax Based On Investment Income$1,175TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$2,000EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$2,000TotalPaymentsAndCreditsAmt
Overpayment$825OverpaymentAmt
Applied To ES Tax$825AppliedToESTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
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 StateCAOrgReportOrRegisterStateCd
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
Individual With BooksHILARIE MURADIndividualWithBooksNm
Phone3107223353PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line11601 N SEPULVEDA BLVD 237AddressLine1Txt
CityMANHATTAN BEACHCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90266ZIPCd
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 PrsnYes (true)PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Acts Fail To Qlfy As ExceptionsfalseActsFailToQlfyAsExceptionsInd
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 PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
HILARIE MURAD
1601 N SEPULVEDA BLVD 237MANHATTAN BEACHCA90266PRESIDENT0.50$20,267$0$0
JEFFREY MURAD
2121 PARK PLACE 1ST FLOOREL SEGUNDOCA90245SECRETARY0.25$0$0$0
RICHARD MURAD
2121 PARK PLACE 1ST FLOOREL SEGUNDOCA90245CEO0.25$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$1,915,792AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$29,607AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$1,945,399TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$1,945,399AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$29,181CashDeemedCharitableAmt
Net Vl Noncharitable Assets$1,916,218NetVlNoncharitableAssetsAmt
Minimum Investment Return$95,811MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$95,811MinimumInvestmentReturnAmt
Tax Based On Investment Income$1,175TaxBasedOnInvestmentIncomeAmt
Total Tax$1,175TotalTaxAmt
Distributable Before Adj$94,636DistributableBeforeAdjAmt
Distributable Before Ded$94,636DistributableBeforeDedAmt
Distributable As Adjusted$94,636DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$35,776ExpensesAndContributionsAmt
Qualifying Distributions$35,776QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$94,636DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$337,973ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$205,186ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$36,181ExcessDistributionCyovYr3Amt
Total Excess Distribution Cyov$579,340TotalExcessDistributionCyovAmt
Qualifying Distributions$35,776QualifyingDistributionsAmt
Applied To Current Year$35,776AppliedToCurrentYearAmt
Excess Distri Cyov App CY Corpus$58,860ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$58,860ExcessDistributionCyovAppCYAmt
Total Corpus$520,480TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$279,113ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$241,367ExcessDistriCyovToNextYrAmt
Excess From Year4$205,186ExcessFromYear4Amt
Excess From Year3$36,181ExcessFromYear3Amt

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 Line1VISTAMAR SCHOOLBusinessNameLine1Txt

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1737 HAWAII STAddressLine1Txt
CityEL SEGUNDOCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90245ZIPCd
FieldValueIRS element (for citing)
Recipient RelationshipN/ARecipientRelationshipTxt
Recipient Foundation Status501(C)(3)RecipientFoundationStatusTxt
Grant Or Contribution PurposeUNRESTRICTEDGrantOrContributionPurposeTxt
Amt$13,500Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$13,500TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$37,098ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$68,967ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$106,065ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$106,065TotalIncomeProducingActyAmt

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)
CategoryACCOUNTINGCategoryTxt
Amt$8,225Amt
Net Investment Income$4,113NetInvestmentIncomeAmt
Disbursements Charitable Prps$4,113DisbursementsCharitablePrpsAmt

Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule

Investments Corporate Bonds InvestmentsCorporateBondsGrp

FieldValueIRS element (for citing)
BondUBS FIXED INCOME MUTUAL FUNDSBondNm
EOY Book Value$484,325EOYBookValueAmt
EOYFMV$494,306EOYFMVAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockUBS EQUITIESStockNm
EOY Book Value$1,037,619EOYBookValueAmt
EOYFMV$1,514,956EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
EXPENSES
MISCELLANEOUS$936$936

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryINVESTMENT FEESCategoryTxt
Amt$14,107Amt
Net Investment Income$14,107NetInvestmentIncomeAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryFOREIGN TAXESCategoryTxt
Amt$260Amt
Net Investment Income$260NetInvestmentIncomeAmt

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