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MURAD FAMILY FOUNDATION: Form 990PF, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
MURAD FAMILY FOUNDATION (EIN 45-1585141)
Tax period
2020-01-01 to 2020-12-31
Filed
2021-11-14
IRS object ID
202103199349100400
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)
Return2021-11-14T23:07:58-06:00ReturnTs
Tax Period End2020-12-31TaxPeriodEndDt

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 Begin2020-01-01TaxPeriodBeginDt

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
Signature2021-11-11SignatureDt
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
Preparation2021-11-11PreparationDt
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$1,836,634FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$5,000ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$10InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$10InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$45,873DividendsRevAndExpnssAmt
Dividends Net Invst Incm$40,288DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss-$272,996NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$552,329GrossSalesPriceAmt
Total Rev And Expnss-$222,113TotalRevAndExpnssAmt
Total Net Invst Incm$40,298TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$18,895CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm$2,834CompOfcrDirTrstNetInvstIncmAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl$16,060CompOfcrDirTrstDsbrsChrtblAmt
Other Prof Fees Rev And Expnss$7,851OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$7,851OtherProfFeesNetInvstIncmAmt
Taxes Rev And Expnss$6,177TaxesRevAndExpnssAmt
Taxes Net Invst Incm$177TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss$10OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$10OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$32,933TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$10,862TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$16,070TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$0ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$0ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$32,933TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$10,862TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$16,070TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$255,046ExcessRevenueOverExpensesAmt
Net Investment Income$29,436NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$43,106SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$47,377SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$47,377SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$1,187,248CorporateStockBOYAmt
Corporate Stock EOY$976,448CorporateStockEOYAmt
Corporate Stock EOYFMV$1,267,641CorporateStockEOYFMVAmt
Corporate Bonds BOY$510,964CorporateBondsBOYAmt
Corporate Bonds EOY$504,503CorporateBondsEOYAmt
Corporate Bonds EOYFMV$521,616CorporateBondsEOYFMVAmt
Total Assets BOY$1,741,318TotalAssetsBOYAmt
Total Assets EOY$1,528,328TotalAssetsEOYAmt
Total Assets EOYFMV$1,836,634TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$1,741,318RetainedEarningBOYAmt
Retained Earning EOY$1,528,328RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$1,741,318TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,528,328TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,741,318TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,528,328TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,741,318TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$255,046ExcessRevenueOverExpensesAmt
Other Increases$42,056OtherIncreasesAmt
Subtotal$1,528,328SubtotalAmt
Tot Net Ast Or Fund Balances EOY$1,528,328TotNetAstOrFundBalancesEOYAmt

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$549,792GrossSalesPriceAmt
Cost Or Other Basis$680,197CostOrOtherBasisAmt
Gain Or Loss-$130,405GainOrLossAmt
Gains Minus Excess Or Losses-$130,405GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income-$127,868CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$409InvestmentIncomeExciseTaxAmt
Subtotal$409SubtotalAmt
Tax Based On Investment Income$409TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$3,838EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$3,838TotalPaymentsAndCreditsAmt
Overpayment$3,429OverpaymentAmt
Applied To ES Tax$2,000AppliedToESTaxAmt
Refund$1,429RefundAmt

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$18,895$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$1,569,039AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$90,152AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$1,659,191TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$1,659,191AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$24,888CashDeemedCharitableAmt
Net Vl Noncharitable Assets$1,634,303NetVlNoncharitableAssetsAmt
Minimum Investment Return$81,715MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$81,715MinimumInvestmentReturnAmt
Tax Based On Investment Income$409TaxBasedOnInvestmentIncomeAmt
Total Tax$409TotalTaxAmt
Distributable Before Adj$81,306DistributableBeforeAdjAmt
Distributable Before Ded$81,306DistributableBeforeDedAmt
Distributable As Adjusted$81,306DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$16,070ExpensesAndContributionsAmt
Qualifying Distributions$16,070QualifyingDistributionsAmt
Adjusted Qualifying Distri$16,070AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$81,306DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$249,344ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$337,973ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$205,186ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$36,181ExcessDistributionCyovYr2Amt
Total Excess Distribution Cyov$828,684TotalExcessDistributionCyovAmt
Qualifying Distributions$16,070QualifyingDistributionsAmt
Applied To Current Year$16,070AppliedToCurrentYearAmt
Excess Distri Cyov App CY Corpus$65,236ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$65,236ExcessDistributionCyovAppCYAmt
Total Corpus$763,448TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$184,108ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$579,340ExcessDistriCyovToNextYrAmt
Excess From Year4$337,973ExcessFromYear4Amt
Excess From Year3$205,186ExcessFromYear3Amt
Excess From Year2$36,181ExcessFromYear2Amt

Supplementary Information SupplementaryInformationGrp

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

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$10ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$45,873ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion-$272,996ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion-$227,113ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty-$227,113TotalIncomeProducingActyAmt

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

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
General RuleYes (X)GeneralRuleInd

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Contributor PersonBACALLAO FAMILY TRUSTContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line12910 HERMOSA VIEW DRIVEAddressLine1Txt
CityHERMOSA BEACHCityNm
State AbbreviationCAStateAbbreviationCd
ZIP902542242ZIPCd
FieldValueIRS element (for citing)
Total Contributions$5,000TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule

Investments Corporate Bonds InvestmentsCorporateBondsGrp

FieldValueIRS element (for citing)
BondUBS FIXED INCOME MUTUAL FUNDSBondNm
EOY Book Value$504,503EOYBookValueAmt
EOYFMV$521,616EOYFMVAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockUBSStockNm
EOY Book Value$976,448EOYBookValueAmt
EOYFMV$1,267,641EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
EXPENSES
STATE FILING FEES$10$10

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
DescPPA-DIVIDENDS RECLASSED TO ROPDesc
Amt$42,056Amt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryINVESTMENT FEESCategoryTxt
Amt$7,851Amt
Net Investment Income$7,851NetInvestmentIncomeAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmt
FEDERAL EXCISE TAX$6,000
FOREIGN TAXES$177$177

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