BETA

CS FAMILY FOUNDATION INC: Form 990PF, tax year 2019

View the entire original 990 at ProPublica ↗

Organization
CS FAMILY FOUNDATION INC (EIN 06-1764330)
Tax period
2019-12-01 to 2020-11-30
Filed
2021-04-22
IRS object ID
202101129349101520
Schema version
2019v5.1
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)
Return2021-04-22T13:44:57-05:00ReturnTs
Tax Period End2020-11-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1FRANKEL LOUGHRAN STARR & VALLONEBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11475 FRANKLIN AVENUEAddressLine1Txt
CityGARDEN CITYCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11530ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2019-12-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN061764330EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1CS FAMILY FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
In Care Of% FLSV LLPInCareOfNm
Business Name ControlCSFABusinessNameControlTxt
Phone5168748840PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1590 MADISON AVEAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10022ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDAVID ELENOWITZPersonNm
Person TitlePRESIDENTPersonTitleTxt
Signature2021-04-22SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonGREGG MARTORELLAPreparerPersonNm
PTINP00439763PTIN
Phone5168748800PhoneNum
Preparation2021-04-22PreparationDt
FieldValueIRS element (for citing)
Tax2019TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$421,134FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$4,500ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$13,910DividendsRevAndExpnssAmt
Dividends Net Invst Incm$13,910DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss-$30,869NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$338,544GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$0CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss-$12,459TotalRevAndExpnssAmt
Total Net Invst Incm$13,910TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$0CompOfcrDirTrstRevAndExpnssAmt
Accounting Fees Rev And Expnss$4,500AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$1,200AccountingFeesNetInvstIncmAmt
Accounting Fees Adj Net Incm$0AccountingFeesAdjNetIncmAmt
Accounting Fees Chrtbl Prps$0AccountingFeesChrtblPrpsAmt
Taxes Rev And Expnss$849TaxesRevAndExpnssAmt
Taxes Net Invst Incm$849TaxesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$5,349TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$2,049TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm$0TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$150,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$150,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$155,349TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$2,049TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm$0TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$150,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$167,808ExcessRevenueOverExpensesAmt
Net Investment Income$11,861NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$588,942SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$421,134SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$421,134SavAndTempCashInvstEOYFMVAmt
Total Assets BOY$588,942TotalAssetsBOYAmt
Total Assets EOY$421,134TotalAssetsEOYAmt
Total Assets EOYFMV$421,134TotalAssetsEOYFMVAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$588,942RetainedEarningBOYAmt
Retained Earning EOY$421,134RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$588,942TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$421,134TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$588,942TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$421,134TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$588,942TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$167,808ExcessRevenueOverExpensesAmt
Subtotal$421,134SubtotalAmt
Tot Net Ast Or Fund Balances EOY$421,134TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)

PropertyPropertyDescAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
286.445 SHRS FIDELITY INTERNATL INDEX FUND SHORT TERM LOSS2019-12-132020-04-27$9,791$10,683-$892-$892
9618.30 SHRS FIDELITY INTERNATL INDEX FUND LONG TERM LOSS2020-04-27$328,753$358,729-$29,976-$29,976
FieldValueIRS element (for citing)
Capital Gain Net Income-$30,868CapitalGainNetIncomeAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$51,391AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$654,900NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.078472DistributionYr1Rt
Adjusted Qlfy Distri Yr2$28,895AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$688,735NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.041954DistributionYr2Rt
Adjusted Qlfy Distri Yr3$32,224AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$689,278NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.04675DistributionYr3Rt
Adjusted Qlfy Distri Yr4$11,000AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$656,888NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.016746DistributionYr4Rt
Adjusted Qlfy Distri Yr5$34,939AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$706,403NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.04946DistributionYr5Rt
Total Distribution0.233382TotalDistributionRt
Average Distribution0.046676AverageDistributionRt
Net Vl Noncharitable Assets$480,103NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$22,409AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$119NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$22,528AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$150,000QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eYes (X)DomesticOrgMeetingSect4940eInd
Investment Income Excise Tax$119InvestmentIncomeExciseTaxAmt
Subtotal$119SubtotalAmt
Tax Based On Investment Income$119TaxBasedOnInvestmentIncomeAmt
Total Payments And Credits$0TotalPaymentsAndCreditsAmt
Tax Due$119TaxDueAmt

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 SatisfiedfalseSection508eRqrSatisfiedInd
Org Report Or Register StateNYOrgReportOrRegisterStateCd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrfalseComplyWithPublicInspRqrInd

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1FLSV LLPBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone5168748840PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line11475 FRANKLIN AVEAddressLine1Txt
CityGARDEN CITYCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11530ZIPCd

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
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Undistr Incm Sect4942a2 Not AppfalseUndistrIncmSect4942a2NotAppInd
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 (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
DAVID ELENOWITZ
590 MADISON AVE 30TH FLNEW YORKNY10022DIRECTOR,PRES,TREAS0$0$0$0
VICTORIA ELENOWITZ
590 MADISON AVE 30TH FLNEW YORKNY10022CHARIMAN, VP, SECY0$0$0$0
FieldValueIRS element (for citing)
Summary Of Direct Chrtbl ActySummaryOfDirectChrtblActyGrp
Sum Of Program Related InvstSumOfProgramRelatedInvstGrp

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$329,935AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$157,479AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$487,414TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$487,414AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$7,311CashDeemedCharitableAmt
Net Vl Noncharitable Assets$480,103NetVlNoncharitableAssetsAmt
Minimum Investment Return$24,005MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$24,005MinimumInvestmentReturnAmt
Tax Based On Investment Income$119TaxBasedOnInvestmentIncomeAmt
Total Tax$119TotalTaxAmt
Distributable Before Adj$23,886DistributableBeforeAdjAmt
Distributable Before Ded$23,886DistributableBeforeDedAmt
Distributable As Adjusted$23,886DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$150,000ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Charitable Assets Acquis Paid$0CharitableAssetsAcquisPaidAmt
Set Aside Suitability Test$0SetAsideSuitabilityTestAmt
Set Aside Cash Distri Test$0SetAsideCashDistriTestAmt
Qualifying Distributions$150,000QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm$119PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri$149,881AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$23,886DistributableAsAdjustedAmt
Undistributed Income PY$15,468UndistributedIncomePYAmt
Prior Year12017PriorYear1Yr
Prior Year22016PriorYear2Yr
Prior Year32015PriorYear3Yr
Total For Prior Years$5,379TotalForPriorYearsAmt
Excess Distribution Cyov Yr1$0ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$0TotalExcessDistributionCyovAmt
Qualifying Distributions$150,000QualifyingDistributionsAmt
Applied To Year1$15,468AppliedToYear1Amt
Applied To Current Year$23,886AppliedToCurrentYearAmt
Remaining Distri From Corpus$110,646RemainingDistriFromCorpusAmt
Total Corpus$110,646TotalCorpusAmt
Prior Year Undistributed Incm$5,379PriorYearUndistributedIncmAmt
Taxable1$5,379Taxable1Amt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$110,646ExcessDistriCyovToNextYrAmt
Excess From Year1$0ExcessFromYear1Amt
Excess From Current Year$110,646ExcessFromCurrentYearAmt
FieldValueIRS element (for citing)
Private Operating FoundationsPrivateOperatingFoundationsGrp

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (2 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
Icahn School of Medicine at Mount Sinai
1 Gustave L Levy PlaceNEW YORKNY10029Develop educational programs, and drive groundbreaking research that will transform how we prevent, treat, and cure a wide spectrum of diseases.$50,000
Accelerate Change
294 Washington Street Suite 500BostonMA02108Supports some of the fastest growing nonprofit digital media ventures in the country, with a particular focus on communities of color. We also work with a select group of established nonprofit organizations to experiment with new digital media initiatives.$100,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$150,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

FieldValueIRS element (for citing)
Fees Contracts From Govt AgFeesContractsFromGovtAgGrp
Membership Dues And AssmntMembershipDuesAndAssmntGrp
Int On Sav And Temp Cash InvstIntOnSavAndTempCashInvstGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$13,910ExclusionAmt
FieldValueIRS element (for citing)
Net Rntl Incm Re Debt Fincd PropNetRntlIncmReDebtFincdPropGrp
Net Rntl Incm Re Not Debt Fincd PropNetRntlIncmReNotDebtFincdProp
Net Rental Income Personal PropNetRentalIncomePersonalPropGrp
Other Investment Incm Part VIIOtherInvestmentIncmPartVIIGrp

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion-$30,869ExclusionAmt
FieldValueIRS element (for citing)
Net Income Loss From Special EvtNetIncomeLossFromSpecialEvtGrp
Gross Profit Loss Sls Of InvntryGrossProfitLossSlsOfInvntryGrp

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion-$16,959ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty-$16,959TotalIncomeProducingActyAmt

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)
CategoryACCOUNTING FEECategoryTxt
Amt$4,500Amt
Net Investment Income$1,200NetInvestmentIncomeAmt

Depreciation Schedule DepreciationSchedule

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
DescINTEREST INCOME-IRSDesc

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryFOREIGN TAXES FIDELITYCategoryTxt
Amt$849Amt
Net Investment Income$849NetInvestmentIncomeAmt

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