BETA

BETTY & NORMAN F LEVY FOUNDATION INC: Form 990PF, tax year 2019

View the entire original 990 at ProPublica ↗

Organization
BETTY & NORMAN F LEVY FOUNDATION INC (EIN 13-2553674)
Tax period
2019-10-01 to 2020-09-30
Filed
2021-02-15
IRS object ID
202110469349100806
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)
Return2021-02-15T10:35:15-06:00ReturnTs
Tax Period End2020-09-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1WITHUMSMITHBROWN PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11411 BROADWAY 9TH FLOORAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10018ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2019-10-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN132553674EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE BETTY & NORMAN F LEVY FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
In Care Of% FRANCIS LEVYInCareOfNm
Business Name ControlBETTBusinessNameControlTxt
Phone2127519100PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1C/O WITHUMSMITHBROWN1411 BDWY SuiAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10018ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonFRANCIS LEVYPersonNm
Person TitleCO-PRES/DIRECTORPersonTitleTxt
Phone2127519100PhoneNum
Signature2021-01-31SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonROBERT DEMMETT CPAPreparerPersonNm
PTINP00103809PTIN
Phone2127519100PhoneNum
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$296,516FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$0ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$3,409InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$3,409InterestOnSavNetInvstIncmAmt
Total Rev And Expnss$3,409TotalRevAndExpnssAmt
Total Net Invst Incm$3,409TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$0CompOfcrDirTrstRevAndExpnssAmt
Accounting Fees Rev And Expnss$2,678AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$2,678AccountingFeesNetInvstIncmAmt
Accounting Fees Adj Net Incm$0AccountingFeesAdjNetIncmAmt
Accounting Fees Chrtbl Prps$0AccountingFeesChrtblPrpsAmt
Taxes Rev And Expnss$191TaxesRevAndExpnssAmt
Taxes Dsbrs Chrtbl$100TaxesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$2,869TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$2,678TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm$0TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$100TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$50,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$50,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$52,869TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$2,678TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm$0TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$50,100TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$49,460ExcessRevenueOverExpensesAmt
Net Investment Income$731NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$345,651SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$296,191SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$296,191SavAndTempCashInvstEOYFMVAmt
Other Assets BOY$325OtherAssetsBOYAmt
Other Assets EOY$325OtherAssetsEOYAmt
Other Assets EOYFMV$325OtherAssetsEOYFMVAmt
Total Assets BOY$345,976TotalAssetsBOYAmt
Total Assets EOY$296,516TotalAssetsEOYAmt
Total Assets EOYFMV$296,516TotalAssetsEOYFMVAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Capital Stock BOY$345,976CapitalStockBOYAmt
Capital Stock EOY$296,516CapitalStockEOYAmt
Tot Net Ast Or Fund Balances BOY$345,976TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$296,516TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$345,976TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$296,516TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$345,976TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$49,460ExcessRevenueOverExpensesAmt
Subtotal$296,516SubtotalAmt
Tot Net Ast Or Fund Balances EOY$296,516TotNetAstOrFundBalancesEOYAmt
FieldValueIRS element (for citing)
Cap Gains Loss Tx Invst Incm DetailCapGainsLossTxInvstIncmDetail

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$62,569AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$353,424NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.177037DistributionYr1Rt
Adjusted Qlfy Distri Yr2$140,133AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$426,842NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.328302DistributionYr2Rt
Adjusted Qlfy Distri Yr3$127,472AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$572,855NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.222521DistributionYr3Rt
Adjusted Qlfy Distri Yr4$52,500AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$669,766NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.078386DistributionYr4Rt
Adjusted Qlfy Distri Yr5$84,250AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$738,204NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.114128DistributionYr5Rt
Total Distribution0.920374TotalDistributionRt
Average Distribution0.184075AverageDistributionRt
Net Vl Noncharitable Assets$318,855NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$58,693AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$7NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$58,700AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$50,100QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$15InvestmentIncomeExciseTaxAmt
Subtotal$15SubtotalAmt
Tax Based On Investment Income$15TaxBasedOnInvestmentIncomeAmt
Total Payments And Credits$0TotalPaymentsAndCreditsAmt
Tax Due$15TaxDueAmt

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
Org Report Or Register StateNYOrgReportOrRegisterStateCd
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 Line1FRANCIS LEVYBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2127519100PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1C/O WITHUMSMITHBROWN PC1411 BDWYAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10018ZIPCd
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
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

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (4 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
FRANCIS N LEVY
C/O WSBPC 1411 BROADWAY 9TH FLNEW YORKNY10018CO-PRES/DIRECTOR1.0$0$0$0
JEANNE LEVY CHURCH
C/O WSBPC 1411 BROADWAY 9TH FLNEW YORKNY10018CO-PRES/DIRECTOR0.0$0$0$0
HALLIE D COHEN
C/O WSBPC 1411 BROADWAY 9TH FLNEW YORKNY10018SECTY/TREASURER/DIRECTOR1.0$0$0$0
KENNETH LEVY CHURCH
C/O WSBPC 1411 BROADWAY 9TH FLNEW YORKNY10018VP/DIRECTOR0.0$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$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$323,386AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$325FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$323,711TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$323,711AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$4,856CashDeemedCharitableAmt
Net Vl Noncharitable Assets$318,855NetVlNoncharitableAssetsAmt
Minimum Investment Return$15,943MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$15,943MinimumInvestmentReturnAmt
Tax Based On Investment Income$15TaxBasedOnInvestmentIncomeAmt
Total Tax$15TotalTaxAmt
Distributable Before Adj$15,928DistributableBeforeAdjAmt
Distributable Before Ded$15,928DistributableBeforeDedAmt
Distributable As Adjusted$15,928DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$50,100ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Charitable Assets Acquis Paid$0CharitableAssetsAcquisPaidAmt
Set Aside Suitability Test$0SetAsideSuitabilityTestAmt
Set Aside Cash Distri Test$0SetAsideCashDistriTestAmt
Qualifying Distributions$50,100QualifyingDistributionsAmt
Adjusted Qualifying Distri$50,100AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$15,928DistributableAsAdjustedAmt
Undistributed Income PY$0UndistributedIncomePYAmt
Prior Year12017PriorYear1Yr
Prior Year22016PriorYear2Yr
Prior Year32015PriorYear3Yr
Total For Prior Years$0TotalForPriorYearsAmt
Excess Distribution Cyov Yr5$47,340ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$19,012ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$98,885ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$118,869ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$44,987ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$329,093TotalExcessDistributionCyovAmt
Qualifying Distributions$50,100QualifyingDistributionsAmt
Applied To Year1$0AppliedToYear1Amt
Applied To Current Year$15,928AppliedToCurrentYearAmt
Remaining Distri From Corpus$34,172RemainingDistriFromCorpusAmt
Total Corpus$363,265TotalCorpusAmt
Prior Year Undistributed Incm$0PriorYearUndistributedIncmAmt
Taxable1$0Taxable1Amt
Taxable2$0Taxable2Amt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$47,340ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$315,925ExcessDistriCyovToNextYrAmt
Excess From Year4$19,012ExcessFromYear4Amt
Excess From Year3$98,885ExcessFromYear3Amt
Excess From Year2$118,869ExcessFromYear2Amt
Excess From Year1$44,987ExcessFromYear1Amt
Excess From Current Year$34,172ExcessFromCurrentYearAmt
FieldValueIRS element (for citing)
Private Operating FoundationsPrivateOperatingFoundationsGrp

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerNONEContributingManagerNm
Shareholder ManagerNONEShareholderManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1NATIONAL ASSOCIATION FAO HEALTHBusinessNameLine1Txt

Recipient Foreign Address RecipientForeignAddress

FieldValueIRS element (for citing)
Address Line1Viale delle Terme di CaracallaAddressLine1Txt
CityROMECityNm
CountryITCountryCd
Foreign Postal00153ForeignPostalCd
FieldValueIRS element (for citing)
Recipient RelationshipNONERecipientRelationshipTxt
Recipient Foundation StatusPCRecipientFoundationStatusTxt
Grant Or Contribution PurposeUNRESTRICTEDGrantOrContributionPurposeTxt
Amt$50,000Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$50,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

FieldValueIRS element (for citing)
Fees Contracts From Govt AgFeesContractsFromGovtAgGrp
Membership Dues And AssmntMembershipDuesAndAssmntGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$3,409ExclusionAmt
FieldValueIRS element (for citing)
Div And Int From Sec Part VIIDivAndIntFromSecPartVIIGrp
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 InvntryGainSalesAstOthThanInvntryGrp
Net Income Loss From Special EvtNetIncomeLossFromSpecialEvtGrp
Gross Profit Loss Sls Of InvntryGrossProfitLossSlsOfInvntryGrp

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$3,409ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$3,409TotalIncomeProducingActyAmt

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)
CategoryACCOUNTANT/BOOKEEPING FEESCategoryTxt
Amt$2,678Amt
Net Investment Income$2,678NetInvestmentIncomeAmt

Depreciation Schedule DepreciationSchedule

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp

FieldValueIRS element (for citing)
DescORGANIZATIONAL EXPENSEDesc
BOY Book Value$325BOYBookValueAmt
EOY Book Value$325EOYBookValueAmt
EOYFMV$325EOYFMVAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
NY TAXES$100$100
EXCISE TAXES$91

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