MILTON AND URSULA H STOLAROFF FOUNDATION: Form 990PF, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
MILTON AND URSULA H STOLAROFF FOUNDATION (EIN 46-4456572)
Tax period
2020-01-01 to 2020-12-31
Filed
2021-11-10
IRS object ID
202103149349102380
Schema version
2020v4.0
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)
Return2021-11-10T14:21:26-08:00ReturnTs
Tax Period End2020-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN954829539PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1E V Juan CPA IncBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line17655 Winnetka Ave 2839AddressLine1Txt
CityWinnetkaCityNm
State AbbreviationCAStateAbbreviationCd
ZIP91306ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2020-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN464456572EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1MILTON AND URSULA H STOLAROFF FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlMILTBusinessNameControlTxt
Phone9497192625PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 12816AddressLine1Txt
CityNEWPORT BEACHCityNm
State AbbreviationCAStateAbbreviationCd
ZIP92658ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMICHAEL FARAHPersonNm
Person TitlePresidentPersonTitleTxt
Signature2021-11-10SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstMICHAELPersonFirstNm
Person LastFARAHPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonE V JUAN CPAPreparerPersonNm
PTINP00075284PTIN
Phone8189890010PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer3TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
Federated Assurance LevelFAL1FederatedAssuranceLevelCd
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$1,837,565FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$7InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$7InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$7InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$17,516DividendsRevAndExpnssAmt
Dividends Net Invst Incm$17,516DividendsNetInvstIncmAmt
Dividends Adj Net Incm$17,516DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$16,106NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$560,289GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$206,753CapGainNetIncmNetInvstIncmAmt
Net ST Capital Gain Adj Net Incm$3,079NetSTCapitalGainAdjNetIncmAmt
Total Rev And Expnss$33,629TotalRevAndExpnssAmt
Total Net Invst Incm$224,276TotalNetInvstIncmAmt
Total Adj Net Incm$20,602TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$1,960AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$1,960AccountingFeesNetInvstIncmAmt
Accounting Fees Adj Net Incm$1,960AccountingFeesAdjNetIncmAmt
Other Prof Fees Rev And Expnss$15,261OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$15,261OtherProfFeesNetInvstIncmAmt
Other Prof Fees Adj Net Incm$15,261OtherProfFeesAdjNetIncmAmt
Taxes Rev And Expnss$237TaxesRevAndExpnssAmt
Taxes Net Invst Incm$237TaxesNetInvstIncmAmt
Taxes Adj Net Incm$237TaxesAdjNetIncmAmt
Tot Opr Expenses Rev And Expnss$17,458TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$17,458TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm$17,458TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$100,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$100,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$117,458TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$17,458TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm$17,458TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$100,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$83,829ExcessRevenueOverExpensesAmt
Net Investment Income$206,818NetInvestmentIncomeAmt
Adjusted Net Income$3,144AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$30,243CashBOYAmt
Cash EOY$16,016CashEOYAmt
Cash EOYFMV$16,016CashEOYFMVAmt
Corporate Stock BOY$599,268CorporateStockBOYAmt
Corporate Stock EOY$973,637CorporateStockEOYAmt
Corporate Stock EOYFMV$973,637CorporateStockEOYFMVAmt
Other Investments BOY$1,064,212OtherInvestmentsBOYAmt
Other Investments EOY$847,912OtherInvestmentsEOYAmt
Other Investments EOYFMV$847,912OtherInvestmentsEOYFMVAmt
Total Assets BOY$1,693,723TotalAssetsBOYAmt
Total Assets EOY$1,837,565TotalAssetsEOYAmt
Total Assets EOYFMV$1,837,565TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$1,693,723NoDonorRstrNetAssestsBOYAmt
Tot Net Ast Or Fund Balances BOY$1,693,723TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,837,565TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,693,723TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,837,565TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,693,723TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$83,829ExcessRevenueOverExpensesAmt
Other Increases$227,671OtherIncreasesAmt
Subtotal$1,837,565SubtotalAmt
Tot Net Ast Or Fund Balances EOY$1,837,565TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (8 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
1,000 KRAFT HEINZP2020-01-142020-12-16$34,632$31,553$3,079$3,079
669 DOMINION ENERGYP2017-12-292020-02-25$58,699$39,746$18,953$18,953
2,560 ENERGY TRANSFERP2017-12-272020-08-24$17,100$35,987-$18,887-$18,887
1,000 ENTERPRISE PRODUCTSP2017-12-272020-08-24$18,096$26,453-$8,357-$8,357
1,800 FORD MOTORP2018-07-182020-07-09$10,610$19,555-$8,945-$8,945
800 ROCHE HOLDINGSP2018-09-262020-02-25$33,540$24,471$9,069$9,069
800 XEROX HOLDINGSP2018-07-182020-01-14$29,552$20,207$9,345$9,345
7,382.550 T ROWE PRICE STOCKP1986-06-162020-08-27$358,060$155,564$202,496$202,496
FieldValueIRS element (for citing)
Capital Gain Net Income$206,753CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss$3,079NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$2,875InvestmentIncomeExciseTaxAmt
Subtotal$2,875SubtotalAmt
Tax Based On Investment Income$2,875TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$1,723EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$1,723TotalPaymentsAndCreditsAmt
Tax Due$1,152TaxDueAmt

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
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 Line1MICHAEL FARAHBusinessNameLine1Txt

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1511 E BALBOA BLVDAddressLine1Txt
CityNEWPORT BEACHCityNm
State AbbreviationCAStateAbbreviationCd
ZIP92661ZIPCd
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

FieldValueIRS element (for citing)
PersonMICHAEL FARAHPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1511 E BALBOA BLVDAddressLine1Txt
CityNEWPORT BEACHCityNm
State AbbreviationCAStateAbbreviationCd
ZIP92658ZIPCd
FieldValueIRS element (for citing)
TitlePresidentTitleTxt
Average Hrs Per Wk Devoted To Pos5.00AverageHrsPerWkDevotedToPosRt
Compensation$0CompensationAmt
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1CONTRIBUTIONS TO THE CELEBRITY FOUNDATION FOR CHILDREN - 501(C)3 ORGANIZATIONDescription1Txt
Expenses1$100,000Expenses1Amt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$1,737,514AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$23,130AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$1,760,644TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$1,760,644AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$26,410CashDeemedCharitableAmt
Net Vl Noncharitable Assets$1,734,234NetVlNoncharitableAssetsAmt
Minimum Investment Return$86,712MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$86,712MinimumInvestmentReturnAmt
Tax Based On Investment Income$2,875TaxBasedOnInvestmentIncomeAmt
Total Tax$2,875TotalTaxAmt
Distributable Before Adj$83,837DistributableBeforeAdjAmt
Distributable Before Ded$83,837DistributableBeforeDedAmt
Distributable As Adjusted$83,837DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$100,000ExpensesAndContributionsAmt
Qualifying Distributions$100,000QualifyingDistributionsAmt
Adjusted Qualifying Distri$100,000AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$83,837DistributableAsAdjustedAmt
Excess Distribution Cyov Yr3$71,054ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$43,091ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$34,825ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$148,970TotalExcessDistributionCyovAmt
Qualifying Distributions$100,000QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$83,837AppliedToCurrentYearAmt
Remaining Distri From Corpus$16,163RemainingDistriFromCorpusAmt
Total Corpus$165,133TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$165,133ExcessDistriCyovToNextYrAmt
Excess From Year3$71,054ExcessFromYear3Amt
Excess From Year2$43,091ExcessFromYear2Amt
Excess From Year1$34,825ExcessFromYear1Amt
Excess From Current Year$16,163ExcessFromCurrentYearAmt

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 Line1CELEBRITY FOUNDATION FOR CHILDRENBusinessNameLine1Txt

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 12709AddressLine1Txt
CityNEWPORT BEACHCityNm
State AbbreviationCAStateAbbreviationCd
ZIP92658ZIPCd
FieldValueIRS element (for citing)
Recipient RelationshipNONERecipientRelationshipTxt
Recipient Foundation StatusPCRecipientFoundationStatusTxt
Grant Or Contribution PurposeCHARITYGrantOrContributionPurposeTxt
Amt$100,000Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$100,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$7RelatedOrExemptFunctionIncmAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$17,516RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$16,106RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$33,629RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$33,629TotalIncomeProducingActyAmt

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)
CategoryTAX PREPARATIONCategoryTxt
Amt$1,960Amt
Net Investment Income$1,960NetInvestmentIncomeAmt
Adjusted Net Income$1,960AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp

FieldValueIRS element (for citing)
Category Or ItemT ROWE PRICE OTCFXCategoryOrItemTxt
Listed At Cost Or FMVFMVListedAtCostOrFMVCd
Book Value$847,912BookValueAmt
EOYFMV$847,912EOYFMVAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryTD AMERITRADE FEESCategoryTxt
Amt$15,261Amt
Net Investment Income$15,261NetInvestmentIncomeAmt
Adjusted Net Income$15,261AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (4 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmtAdjusted Net IncomeAdjustedNetIncomeAmt
FTB CALIF$25$25$25
FTB CALIF$74$74$74
IRS$113$113$113
REGISTRY OF TRUSTS$25$25$25

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