DR ALBERT JOSEPH DIAB FOUNDATION INC: Form 990PF, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
DR ALBERT JOSEPH DIAB FOUNDATION INC (EIN 20-1970659)
Tax period
2020-01-01 to 2020-12-31
Filed
2021-06-22
IRS object ID
202101739349100620
Schema version
2020v4.1
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)
Return2021-06-22T04:55:34-00:00ReturnTs
Tax Period End2020-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Jayne Jungen CPA PABusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line14041 Ed Dr Suite 100AddressLine1Txt
CityRaleighCityNm
State AbbreviationNCStateAbbreviationCd
ZIP27612ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2020-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN201970659EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1DR ALBERT JOSEPH DIAB FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlDRALBusinessNameControlTxt
Phone9198411544PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line18315 SIX FORKS ROAD Room 203AddressLine1Txt
CityRALEIGHCityNm
State AbbreviationNCStateAbbreviationCd
ZIP27615ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonF JOSEPGH DIABPersonNm
Person TitleDIRECTORPersonTitleTxt
Phone9198411544PhoneNum
Signature2021-06-22SignatureDt
Discuss With Paid PreparerfalseDiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstF JOSEPHPersonFirstNm
Person LastDIABPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJayne D JungenPreparerPersonNm
PTINP01207530PTIN
Phone9195320611PhoneNum
Preparation2021-06-22PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$774,660FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Dividends Rev And Expnss$11,663DividendsRevAndExpnssAmt
Dividends Net Invst Incm$11,663DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$73,331NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$812,898GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$73,331CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss$39OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm$39OtherIncomeNetInvstIncmAmt
Total Rev And Expnss$85,033TotalRevAndExpnssAmt
Total Net Invst Incm$85,033TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$825AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$825AccountingFeesNetInvstIncmAmt
Other Prof Fees Rev And Expnss$8,701OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$8,701OtherProfFeesNetInvstIncmAmt
Taxes Rev And Expnss$781TaxesRevAndExpnssAmt
Taxes Net Invst Incm$26TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss$339OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$339OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$10,646TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$9,891TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$37,150ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$37,150ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$47,796TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$9,891TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$37,150TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$37,237ExcessRevenueOverExpensesAmt
Net Investment Income$75,142NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$3,342CashBOYAmt
Cash EOY$151,562CashEOYAmt
Cash EOYFMV$151,562CashEOYFMVAmt
Corporate Stock BOY$114,873CorporateStockBOYAmt
Corporate Stock EOY$365,304CorporateStockEOYAmt
Corporate Stock EOYFMV$409,813CorporateStockEOYFMVAmt
Corporate Bonds BOY$122,131CorporateBondsBOYAmt
Corporate Bonds EOY$213,333CorporateBondsEOYAmt
Corporate Bonds EOYFMV$213,885CorporateBondsEOYFMVAmt
Other Investments BOY$452,439OtherInvestmentsBOYAmt
Other Assets BOY-$423OtherAssetsBOYAmt
Other Assets EOY-$600OtherAssetsEOYAmt
Other Assets EOYFMV-$600OtherAssetsEOYFMVAmt
Total Assets BOY$692,362TotalAssetsBOYAmt
Total Assets EOY$729,599TotalAssetsEOYAmt
Total Assets EOYFMV$774,660TotalAssetsEOYFMVAmt
Other Liabilities BOY$1,000OtherLiabilitiesBOYAmt
Other Liabilities EOY$1,000OtherLiabilitiesEOYAmt
Total Liabilities BOY$1,000TotalLiabilitiesBOYAmt
Total Liabilities EOY$1,000TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$691,362RetainedEarningBOYAmt
Retained Earning EOY$728,599RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$691,362TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$728,599TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$692,362TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$729,599TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$691,362TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$37,237ExcessRevenueOverExpensesAmt
Subtotal$728,599SubtotalAmt
Tot Net Ast Or Fund Balances EOY$728,599TotNetAstOrFundBalancesEOYAmt

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
SHORT TERM GAINSP2020-01-012020-12-31$129,619$120,316$9,303$9,303
LONG TERM GAINSP$683,278$619,251$64,027$64,027
FieldValueIRS element (for citing)
Capital Gain Net Income$73,331CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$1,044InvestmentIncomeExciseTaxAmt
Subtotal$1,044SubtotalAmt
Tax Based On Investment Income$1,044TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$560EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$560TotalPaymentsAndCreditsAmt
Original Return Tax Paid$560OriginalReturnTaxPaidAmt
Tax Due$484TaxDueAmt

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
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateNCOrgReportOrRegisterStateCd
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
Phone9198411544PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line18315 SIX FORKS RD STE 203AddressLine1Txt
CityRALEIGHCityNm
State AbbreviationNCStateAbbreviationCd
ZIP27615ZIPCd
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
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
Maintained Expenditure RspnsfalseMaintainedExpenditureRspnsInd
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)
PersonF JOSEPH DIABPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1809 LASSITER PLAddressLine1Txt
CityRALEIGHCityNm
State AbbreviationNCStateAbbreviationCd
ZIP27609ZIPCd
FieldValueIRS element (for citing)
TitleDIRECTORTitleTxt
Average Hrs Per Wk Devoted To Pos005.00AverageHrsPerWkDevotedToPosRt
Compensation$0CompensationAmt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt
Expenses1$0Expenses1Amt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$645,593AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$103,400AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$748,993TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$748,993AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$11,235CashDeemedCharitableAmt
Net Vl Noncharitable Assets$737,758NetVlNoncharitableAssetsAmt
Minimum Investment Return$36,888MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$36,888MinimumInvestmentReturnAmt
Tax Based On Investment Income$1,044TaxBasedOnInvestmentIncomeAmt
Total Tax$1,044TotalTaxAmt
Distributable Before Adj$35,844DistributableBeforeAdjAmt
Distributable Before Ded$35,844DistributableBeforeDedAmt
Distributable As Adjusted$35,844DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$37,150ExpensesAndContributionsAmt
Qualifying Distributions$37,150QualifyingDistributionsAmt
Adjusted Qualifying Distri$37,150AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$35,844DistributableAsAdjustedAmt
Undistributed Income PY$37,068UndistributedIncomePYAmt
Qualifying Distributions$37,150QualifyingDistributionsAmt
Applied To Year1$37,068AppliedToYear1Amt
Applied To Current Year$82AppliedToCurrentYearAmt
Undistributed Income CY$35,762UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (12 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
FOOD BANK OF CENTRAL & EASTERN NC
3808 TARHEEL DRRALEIGHNC27609PCGENERAL FUND$500
INTERFAITH FOOD SHUTTLE
1001 BLAIR DRRALEIGHNC27603PCGENERAL FUND$500
NC MUSEUM OF ART
2110 BLUE RIDGE ROADRALEIGHNC27607PCGENERAL FUND$650
NC MUSEUM OF NATURAL SCIENCE
11 WEST JONES STRALEIGHNC27601PCGENERAL FUND$250
NC PUBLIC RADIO
120 FRIDAY CENTER DRCHAPEL HILLNC27517PCGENERAL FUND$3,000
NC PUBLIC TELEVISION
PO BOX 14900RTPNC27709PCGENERAL FUND$2,500
NC SYMPHONY
3700 GLENWOOOD AVERALEIGHNC27612PCGENERAL FUND$250
RALEIGH RESCUE MISSION
BOX 27391RALEIGHNC27611PCGENERAL FUND$500
RAVENSCROFT SCHOOL
7409 FALLS OF NEUSE RDRALEIGHNC27615PCGENERAL FUND$6,000
ST TIMOTHYS SCHOOL
4523 SIX FORKS RDRALEIGHNC27609PCGENERAL FUND$20,000
FOUNDATION OF DIOCESE OF RALEIGH
BOX 12572RALEIGHNC27605PCTEACHING AWARD$2,000
THE FRED ROGERS COMPANY
4802 FIFTH AVEPITTSBURGHPA15213PCGENERAL FUND$1,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$37,150TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$11,663UnrelatedBusinessTaxblIncmAmt
Exclusion14ExclusionCd

Other Investment Incm Part VII OtherInvestmentIncmPartVIIGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$39UnrelatedBusinessTaxblIncmAmt
Exclusion14ExclusionCd

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$73,331UnrelatedBusinessTaxblIncmAmt
Exclusion18ExclusionCd

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$85,033UnrelatedBusinessTaxblIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$85,033TotalIncomeProducingActyAmt

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

Transfer Schedule Detail TransferScheduleDetail

Noncharitable Exempt Org Name NoncharitableExemptOrgName

FieldValueIRS element (for citing)
Business Name Line1NABusinessNameLine1Txt
FieldValueIRS element (for citing)
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryTAX AND ACCOUNTINGCategoryTxt
Amt$825Amt
Net Investment Income$825NetInvestmentIncomeAmt

Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule

Investments Corporate Bonds InvestmentsCorporateBondsGrp

FieldValueIRS element (for citing)
BondFIXED INCOMEBondNm
EOY Book Value$213,333EOYBookValueAmt
EOYFMV$213,885EOYFMVAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockEQUITY FUNDSStockNm
EOY Book Value$365,304EOYBookValueAmt
EOYFMV$409,813EOYFMVAmt

Investments Other Schedule2 InvestmentsOtherSchedule2

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp

FieldValueIRS element (for citing)
DescACCRUED INCOME - FTBDesc
BOY Book Value-$423BOYBookValueAmt
EOY Book Value-$600EOYBookValueAmt
EOYFMV-$600EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
PROFESSIONAL DUES$315$315
OFFICE EXPENSES$24$24

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
DescSPIN OFF WARRANTDesc
Revenue And Expenses Per Books$39RevenueAndExpensesPerBooksAmt
Net Investment Income$39NetInvestmentIncomeAmt

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities Detail OtherLiabilitiesDetail

FieldValueIRS element (for citing)
DescADVANCEDesc
BOY Book Value$1,000BOYBookValueAmt
EOY Book Value$1,000EOYBookValueAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmt
MANAGEMENT FEES$7,504$7,504
INVESTMENT FEES$1,197$1,197

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmt
FOREIGN TAXES$26$26
FEDERAL TAXES$755

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