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SIPOS FOUNDATION INC: Form 990PF, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
SIPOS FOUNDATION INC (EIN 23-7316423)
Tax period
2020-01-01 to 2020-12-31
Filed
2021-06-22
IRS object ID
202111739349100011
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)
Return2021-06-22T08:51:05-07:00ReturnTs
Tax Period End2020-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN204105798PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1BEHAR & COMPANYBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1150 BROADHOLLOW RD STE PH-12AddressLine1Txt
CityMELVILLECityNm
State AbbreviationNYStateAbbreviationCd
ZIP11747ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2020-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN237316423EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE SIPOS FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlSIPOBusinessNameControlTxt
Phone5168129411PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12035 OCEAN BLVDAddressLine1Txt
CityATLANTIC BEACHCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11509ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonHOWARD TAUBPersonNm
Person TitleVice PresidentPersonTitleTxt
Signature2021-06-22SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstHOWARDPersonFirstNm
Person LastTAUBPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonEdward J BeharPreparerPersonNm
PTINP00455255PTIN
Phone6314707977PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
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$112,681FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$3,807DividendsRevAndExpnssAmt
Dividends Net Invst Incm$3,807DividendsNetInvstIncmAmt
Dividends Adj Net Incm$3,807DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss-$2,287NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$26,052GrossSalesPriceAmt
Total Rev And Expnss$1,520TotalRevAndExpnssAmt
Total Net Invst Incm$3,807TotalNetInvstIncmAmt
Total Adj Net Incm$3,807TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$650AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$650AccountingFeesNetInvstIncmAmt
Accounting Fees Adj Net Incm$650AccountingFeesAdjNetIncmAmt
Taxes Rev And Expnss$91TaxesRevAndExpnssAmt
Taxes Adj Net Incm$91TaxesAdjNetIncmAmt
Other Expenses Rev And Expnss$1,166OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$1,166OtherExpensesNetInvstIncmAmt
Other Expenses Adj Net Incm$1,166OtherExpensesAdjNetIncmAmt
Tot Opr Expenses Rev And Expnss$1,907TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$1,816TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm$1,907TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$7,500ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$7,500ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$9,407TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$1,816TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm$1,907TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$7,500TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$7,887ExcessRevenueOverExpensesAmt
Net Investment Income$1,991NetInvestmentIncomeAmt
Adjusted Net Income$1,900AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$5,827SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$5,693SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$5,693SavAndTempCashInvstEOYFMVAmt
Other Investments BOY$85,723OtherInvestmentsBOYAmt
Other Investments EOY$83,259OtherInvestmentsEOYAmt
Other Investments EOYFMV$106,988OtherInvestmentsEOYFMVAmt
Total Assets BOY$91,550TotalAssetsBOYAmt
Total Assets EOY$88,952TotalAssetsEOYAmt
Total Assets EOYFMV$112,681TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$91,550NoDonorRstrNetAssestsBOYAmt
Tot Net Ast Or Fund Balances BOY$91,550TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$88,952TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$91,550TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$88,952TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$91,550TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$7,887ExcessRevenueOverExpensesAmt
Other Increases$5,289OtherIncreasesAmt
Subtotal$88,952SubtotalAmt
Tot Net Ast Or Fund Balances EOY$88,952TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (6 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
91.906 INVESCO MLP SEL 40P2020-11-112020-03-06$454$633-$179-$179
289.374 EV HI INC OPPP2020-11-112020-09-14$1,230$1,223$7$7
80 WSDMTR INTL EQ FDP2019-11-182020-03-13$3,000$4,162-$1,162-$1,162
334.823 INVESCO MLP SEL 40P2020-11-112020-03-06$1,654$2,489-$835-$835
235.294 EV HI INC OPPP2015-12-092020-08-20$1,000$999$1$1
4403.418 EV HI INC OPPP2020-11-112020-09-14$18,714$18,833-$119-$119
FieldValueIRS element (for citing)
Capital Gain Net Income-$2,287CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss-$2,288NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$28InvestmentIncomeExciseTaxAmt
Subtotal$28SubtotalAmt
Tax Based On Investment Income$28TaxBasedOnInvestmentIncomeAmt
Tax Due$28TaxDueAmt

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
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 Line1HOWARD TAUBBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone5168129411PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line12035 OCEAN BLVDAddressLine1Txt
CityATLANTIC BEACHCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11509ZIPCd
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 (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
STEPHANIE TAUB
PO BOX 269ATLANTIC BEACHNY11509Vice President1.00$0
NEIL SIPOS
PO BOX 269ATLANTIC BEACHNY11509Vice President1.00$0
HOWARD TAUB
PO BOX 269ATLANTIC BEACHNY11509Vice President1.00$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$0AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$0TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$0AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$0CashDeemedCharitableAmt
Net Vl Noncharitable Assets$0NetVlNoncharitableAssetsAmt
Minimum Investment Return$0MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Tax Based On Investment Income$28TaxBasedOnInvestmentIncomeAmt
Total Tax$28TotalTaxAmt
Distributable Before Adj$28DistributableBeforeAdjAmt
Distributable Before Ded$28DistributableBeforeDedAmt
Distributable As Adjusted$0DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$7,500ExpensesAndContributionsAmt
Qualifying Distributions$7,500QualifyingDistributionsAmt
Adjusted Qualifying Distri$7,500AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$0DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$6,750ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$10,300ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$6,450ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$6,493ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$10,000ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$39,993TotalExcessDistributionCyovAmt
Qualifying Distributions$7,500QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Remaining Distri From Corpus$7,500RemainingDistriFromCorpusAmt
Total Corpus$47,493TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$6,750ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$40,743ExcessDistriCyovToNextYrAmt
Excess From Year4$10,300ExcessFromYear4Amt
Excess From Year3$6,450ExcessFromYear3Amt
Excess From Year2$6,493ExcessFromYear2Amt
Excess From Year1$10,000ExcessFromYear1Amt
Excess From Current Year$7,500ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (8 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
CHEMOTHERAPY FOUNDATION
183 MADISON AVENUE SUITE 403NEW YORKNY10016GENERAL PURPOSE CONTRIBUTION$500
STEPPING STONES
PO BOX 452BEDFORD HILLSNY10507GENERAL PURPOSE CONTRIBUTION$500
AMERICAN HEART
7272 Greenville AvenueDallasTX75231GENERAL PURPOSE CONTRIBUTION$500
LEUKEMIA LYMPHOMA SOCIETY
3 INTERNATIONAL DRIVERYE BROOKNY10573GENERAL PURPOSE$2,000
TEMPLE AM ECHAD
1 Saperstein PlazaLynbrookNY11563GENERAL PURPOSE CONTRIBUTION$3,000
MLK
615 Riverside BoulevardLong BeachNY11561GENERAL PURPOSE CONTRIBUTION$250
LYNBROOK MOM'S DAD'S CLUB
9 UNION AVENUELYNBROOKNY11563GENERAL PURPOSE CONTRIBUTION$250
CLUB FOUNDATION
1733 KING STREETALEXANDRIAVA22314GENERAL PURPOSE CONTRIBUTION$500
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$7,500TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$3,807RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm-$2,287RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$1,520RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$1,520TotalIncomeProducingActyAmt

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)
Amt$650Amt
Net Investment Income$650NetInvestmentIncomeAmt
Adjusted Net Income$650AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescINVESTMENT EXPENSESDesc
Revenue And Expenses Per Books$1,166RevenueAndExpensesPerBooksAmt
Net Investment Income$1,166NetInvestmentIncomeAmt
Adjusted Net Income$1,166AdjustedNetIncomeAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmtAdjusted Net IncomeAdjustedNetIncomeAmt
FEDERAL TAX$41$41
NEW YORK TAX$50$50

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