LEIBEL FAMILY FOUNDATION INC: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization: LEIBEL FAMILY FOUNDATION INC (EIN 26-1079404)
Tax period: 2021-01-01 to 2021-12-31
Filed: 2022-11-15
IRS object ID: 202243199349105319
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
Investments Corp Stock Schedule
Other Expenses Schedule
Other Increases Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2022-11-15T14:19:34-05:00	ReturnTs
Tax Period End	2021-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	113090078	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	ZELL & ETTINGER CPA'S	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	3001 AVENUE M	AddressLine1Txt
City	BROOKLYN	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	112104744	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	261079404	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	LEIBEL FAMILY FOUNDATION	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	LEIB	BusinessNameControlTxt
Phone	7188539800	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1276 50TH STREET	AddressLine1Txt
City	BROOKLYN	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	11219	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	HERBERT LEIBEL	PersonNm
Person Title	DIRECTOR	PersonTitleTxt
Phone	7188539800	PhoneNum
Signature	2022-11-07	SignatureDt

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Field	Value	IRS element (for citing)
Person First	HERBERT	PersonFirstNm
Person Last	LEIBEL	PersonLastNm

Field	Value	IRS element (for citing)
SSN	999009999	SSN

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	DAVID SCHLOSS	PreparerPersonNm
PTIN	P01053382	PTIN
Phone	7186921212	PhoneNum
Preparation	2022-11-15	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	$784,833	FMVAssetsEOYAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Schedule B Not Required	Yes (X)	ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss	$2	InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm	$2	InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm	$2	InterestOnSavingsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss	$69,212	NetGainSaleAstRevAndExpnssAmt
Gross Sales Price	$100,184	GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm	$69,212	CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss	$69,214	TotalRevAndExpnssAmt
Total Net Invst Incm	$69,214	TotalNetInvstIncmAmt
Total Adj Net Incm	$2	TotalAdjNetIncmAmt
Tot Opr Expenses Rev And Expnss	$0	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$0	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$0	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$73,221	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$73,221	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$73,221	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$0	TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl	$73,221	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	-$4,007	ExcessRevenueOverExpensesAmt
Net Investment Income	$69,214	NetInvestmentIncomeAmt
Adjusted Net Income	$2	AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Cash BOY	$1	CashBOYAmt
Corporate Stock BOY	$778,955	CorporateStockBOYAmt
Corporate Stock EOY	$784,833	CorporateStockEOYAmt
Corporate Stock EOYFMV	$784,833	CorporateStockEOYFMVAmt
Total Assets BOY	$778,956	TotalAssetsBOYAmt
Total Assets EOY	$784,833	TotalAssetsEOYAmt
Total Assets EOYFMV	$784,833	TotalAssetsEOYFMVAmt
Total Liabilities EOY	$0	TotalLiabilitiesEOYAmt
Organization Follows FASB117	Yes (X)	OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY	$778,956	NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY	$784,833	NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY	$778,956	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$784,833	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$778,956	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$784,833	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$778,956	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	-$4,007	ExcessRevenueOverExpensesAmt
Other Increases	$9,884	OtherIncreasesAmt
Subtotal	$784,833	SubtotalAmt
Tot Net Ast Or Fund Balances EOY	$784,833	TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

Field	Value	IRS element (for citing)
Property	BERKSHIRE HATHAWAY	PropertyDesc
How Acquired	P	HowAcquiredCd
Gross Sales Price	$100,184	GrossSalesPriceAmt
Cost Or Other Basis	$30,972	CostOrOtherBasisAmt
Gain Or Loss	$69,212	GainOrLossAmt
Gains Minus Excess Or Losses	$69,212	GainsMinusExcessOrLossesAmt

Field	Value	IRS element (for citing)
Capital Gain Net Income	$69,212	CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Investment Income Excise Tax	$962	InvestmentIncomeExciseTaxAmt
Subtotal	$962	SubtotalAmt
Tax Based On Investment Income	$962	TaxBasedOnInvestmentIncomeAmt
Form2220 Attached	Yes (X)	Form2220AttachedInd
Es Penalty	$22	EsPenaltyAmt
Tax Due	$984	TaxDueAmt

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
Individual With Books	THE ORGANIZATION	IndividualWithBooksNm
Phone	7188539800	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	1276 50TH STREET	AddressLine1Txt
City	BROOKLYN	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	11219	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 (7 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
HERBERT LEIBEL
1276 50TH STREET	BROOKLYN	NY	11219	DIRECTOR	000.00	$0	$0	$0
MALKA LEV
1276 50TH STREET	BROOKLYN	NY	11219	DIRECTOR	000.00	$0	$0	$0
ARI LEIBEL
1276 50TH STREET	BROOKLYN	NY	11219	DIRECTOR	000.00	$0	$0	$0
CHANA KAUFMAN
1276 50TH STREET	BROOKLYN	NY	11219	DIRECTOR	000.00	$0	$0	$0
DINA KAUFMAN
1276 50TH STREET	BROOKLYN	NY	11219	DIRECTOR	000.00	$0	$0	$0
CHAYA EHRMAN
1276 50TH STREET	BROOKLYN	NY	11219	DIRECTOR	000.00	$0	$0	$0
SARAH WILLNER
1276 50TH STREET	BROOKLYN	NY	11219	DIRECTOR	000.00	$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

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	$781,894	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$0	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$0	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$781,894	TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast	$781,894	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$11,728	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$770,166	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$38,508	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$38,508	MinimumInvestmentReturnAmt
Tax Based On Investment Income	$962	TaxBasedOnInvestmentIncomeAmt
Total Tax	$962	TotalTaxAmt
Distributable Before Adj	$37,546	DistributableBeforeAdjAmt
Distributable Before Ded	$37,546	DistributableBeforeDedAmt
Distributable As Adjusted	$37,546	DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$73,221	ExpensesAndContributionsAmt
Qualifying Distributions	$73,221	QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$37,546	DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5	$49,923	ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4	$157,114	ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3	$326,604	ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2	$98,001	ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1	$392,443	ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov	$1,024,085	TotalExcessDistributionCyovAmt
Qualifying Distributions	$73,221	QualifyingDistributionsAmt
Applied To Current Year	$37,546	AppliedToCurrentYearAmt
Remaining Distri From Corpus	$35,675	RemainingDistriFromCorpusAmt
Total Corpus	$1,059,760	TotalCorpusAmt
Undistributed Income CY	$0	UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5	$49,923	ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr	$1,009,837	ExcessDistriCyovToNextYrAmt
Excess From Year4	$157,114	ExcessFromYear4Amt
Excess From Year3	$326,604	ExcessFromYear3Amt
Excess From Year2	$98,001	ExcessFromYear2Amt
Excess From Year1	$392,443	ExcessFromYear1Amt
Excess From Current Year	$35,675	ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

Application Submission Info ApplicationSubmissionInfoGrp

Field	Value	IRS element (for citing)
Recipient Person	THE FOUNDATION	RecipientPersonNm

Recipient US Address RecipientUSAddress

Field	Value	IRS element (for citing)
Address Line1	1276 50TH STREET	AddressLine1Txt
City	BROOKLYN	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	11219	ZIPCd

Field	Value	IRS element (for citing)
Recipient Phone	7188539800	RecipientPhoneNum
Form And Info And Materials	N/A	FormAndInfoAndMaterialsTxt
Submission Deadlines	N/A	SubmissionDeadlinesTxt
Restrictions On Awards	N/A	RestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (3 entries)

Address Line1RecipientUSAddress/AddressLine1Txt	CityRecipientUSAddress/CityNm	State AbbreviationRecipientUSAddress/StateAbbreviationCd	ZIPRecipientUSAddress/ZIPCd	Recipient RelationshipRecipientRelationshipTxt	Recipient Foundation StatusRecipientFoundationStatusTxt	Grant Or Contribution PurposeGrantOrContributionPurposeTxt	AmtAmt
CHARLES SCHAB CHARITABLE FOUNDATION
1276 60TH STREET	BROOKLYN	NY	11219	NONE	EXEMPT	CHARITABLE	$60,000
ZICHRON REFEOEL
309 DEWEY AVENUE	LAKEWOOD	NJ	08701	NONE	EXEMPT	CHARITABLE	$5,000
CONG AHAVAS TZEDOKAH VACHESED
1347 42ND STREET	BROOKLYN	NY	11219	NONE	EXEMPT	RELIGIOUS	$8,221

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$73,221	TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

Field	Value	IRS element (for citing)
Related Or Exempt Function Incm	$2	RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

Field	Value	IRS element (for citing)
Related Or Exempt Function Incm	$69,212	RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Field	Value	IRS element (for citing)
Related Or Exempt Function Incm	$69,214	RelatedOrExemptFunctionIncmAmt

Field	Value	IRS element (for citing)
Total Income Producing Acty	$69,214	TotalIncomeProducingActyAmt

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

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

Field	Value	IRS element (for citing)
Stock	BERKSHIRE HATHAWAY	StockNm
EOY Book Value	$784,833	EOYBookValueAmt
EOYFMV	$784,833	EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDesc
EXPENSES
BANK & CREDIT CARD FEES

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

Field	Value	IRS element (for citing)
Desc	INCREASE IN MARKET VALUE	Desc
Amt	$9,884	Amt

LEIBEL FAMILY FOUNDATION INC: Form 990PF, tax year 2021

Return header ReturnHeader

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

Preparer US Address PreparerUSAddress

Filer Filer

Business Name BusinessName

US Address USAddress

Business Officer BusinessOfficerGrp

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Preparer Person PreparerPersonGrp

Form 990-PF IRS990PF

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Statements Regarding Acty StatementsRegardingActyGrp

Location Of Books US Address LocationOfBooksUSAddress

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (7 entries)

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

Minimum Investment Return MinimumInvestmentReturnGrp

Distributable Amount DistributableAmountGrp

PF Qualifying Distributions PFQualifyingDistributionsGrp

Undistributed Income UndistributedIncomeGrp

Supplementary Information SupplementaryInformationGrp

Application Submission Info ApplicationSubmissionInfoGrp

Recipient US Address RecipientUSAddress

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (3 entries)

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

Comments