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DAVID SWOPE FUND U ART VIII OF REV TR DTD JULY 25 2017: Form 990PF, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
DAVID SWOPE FUND U ART VIII OF REV TR DTD JULY 25 2017 (EIN 83-4034330)
Tax period
2020-01-01 to 2020-12-31
Filed
2021-11-01
IRS object ID
202123059349100917
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)
Return2021-11-01T09:24:31-07:00ReturnTs
Tax Period End2020-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN814682803PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1KIRSHENBAUM & URBAN LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line110 Bank Street STE 580AddressLine1Txt
CityWhite PlainsCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10606ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2020-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN834034330EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1DAVID SWOPE FUND U ART VIII OF REV TRBusinessNameLine1Txt
Business Name Line2DTD JULY 25 2017BusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlDAVIBusinessNameControlTxt
Phone9147620010PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line13492 CURRY STREETAddressLine1Txt
CityYORKTOWN HEIGHTSCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10598ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDOUGLAS KRAUSPersonNm
Person TitleTrusteePersonTitleTxt
Signature2021-11-01SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstDOUGLASPersonFirstNm
Person LastKRAUSPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonAdam A Urban CPAPreparerPersonNm
PTINP00636018PTIN
Phone9146860400PhoneNum

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$0FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$748,838ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$44InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$44InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$44InterestOnSavingsAdjNetIncmAmt
Total Rev And Expnss$748,882TotalRevAndExpnssAmt
Total Net Invst Incm$44TotalNetInvstIncmAmt
Total Adj Net Incm$44TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$2,500AccountingFeesRevAndExpnssAmt
Taxes Rev And Expnss$28,000TaxesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$30,500TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$90,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$90,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$120,500TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$90,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$628,382ExcessRevenueOverExpensesAmt
Net Investment Income$44NetInvestmentIncomeAmt
Adjusted Net Income$44AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$1,400,000CashBOYAmt
Cash EOY$668,482CashEOYAmt
Sav And Temp Cash Invst EOY$1,360,000SavAndTempCashInvstEOYAmt
Total Assets BOY$1,400,000TotalAssetsBOYAmt
Total Assets EOY$2,028,482TotalAssetsEOYAmt
Total Assets EOYFMV$0TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$1,400,000NoDonorRstrNetAssestsBOYAmt
Tot Net Ast Or Fund Balances BOY$1,400,000TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$2,028,482TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,400,000TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$2,028,482TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,400,000TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$628,382ExcessRevenueOverExpensesAmt
Other Increases$100OtherIncreasesAmt
Subtotal$2,028,482SubtotalAmt
Tot Net Ast Or Fund Balances EOY$2,028,482TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$1InvestmentIncomeExciseTaxAmt
Subtotal$1SubtotalAmt
Tax Based On Investment Income$1TaxBasedOnInvestmentIncomeAmt
Tax Due$1TaxDueAmt

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 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 Line1DOUGLAS KRAUSBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone9147620010PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1CO ANNE HARRINGTON 3492 CURRY STAddressLine1Txt
CityYORKTOWN HEIGHTSCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10598ZIPCd
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
DOUGLAS KRAUS
1 NORTH LEXINGTON AVE 11TH FLWHITE PLAINSNY10601Trustee0.00$0
DOROTHEA SWOPE
1 NORTH LEXINGTON AVE 11TH FLWHITE PLAINSNY10601Trustee0.00$0
REBECCA SAMBERG
1 NORTH LEXINGTON AVE 11TH FLWHITE PLAINSNY10601Trustee0.00$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$1TaxBasedOnInvestmentIncomeAmt
Total Tax$1TotalTaxAmt
Distributable Before Adj$1DistributableBeforeAdjAmt
Distributable Before Ded$1DistributableBeforeDedAmt
Distributable As Adjusted$0DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$90,000ExpensesAndContributionsAmt
Qualifying Distributions$90,000QualifyingDistributionsAmt
Adjusted Qualifying Distri$90,000AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$0DistributableAsAdjustedAmt
Excess Distribution Cyov Yr1$10,000ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$10,000TotalExcessDistributionCyovAmt
Qualifying Distributions$90,000QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Remaining Distri From Corpus$90,000RemainingDistriFromCorpusAmt
Total Corpus$100,000TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$100,000ExcessDistriCyovToNextYrAmt
Excess From Year1$10,000ExcessFromYear1Amt
Excess From Current Year$90,000ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (2 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
PACE UNIVERSITY
ONE PACE PLAZANEW YORKNY10038NONENCUNRESTRICTED$40,000
OSSINING CHILDRENS CENTER
32 STATE STREETOSSININGNY10562NONENCUNRESTRICTED$50,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$90,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$44RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$44RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$44TotalIncomeProducingActyAmt

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 PersonDAVID SWOPE ARTICLE 8TH TRUSTContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1480 BEDFORD ROADAddressLine1Txt
CityCHAPPAQUACityNm
State AbbreviationNYStateAbbreviationCd
ZIP10514ZIPCd
FieldValueIRS element (for citing)
Total Contributions$748,838TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryACCOUNTINGCategoryTxt
Amt$2,500Amt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Cash Distribution Expln Stmt CashDistributionExplnStmt

FieldValueIRS element (for citing)
ExplanationPaid to Ossining Children's Center, EIN #13-1861927, on or about November 5, 2020.ExplanationTxt

General Explanation Attachment GeneralExplanationAttachment

General Explanation GeneralExplanationGrp (3 entries)

Form And Line ReferenceFormAndLineReferenceDescMedium ExplanationMediumExplanationTxt
General Explanation Supplemental Information for Form 990-PFSTATEMENT 2 - ADDRESS OF FUND OFFICERS AND DIRECTORS:DOUGLAS KRAUSREBECCA SAMBERGDOROTHEA SWOPEC/O Vincent C. Travagliato, Esq.DelBello Donnellan Weingarten Wise & Wiederkehr, LLP1 North Lexington Ave., 11 fl.White Plains, NY 10601
General Explanation Supplemental Information for Form 990-PFIN REPONSE TO LETTER :2697CRESPONDING TO: 0422810844ORIGINAL RETURN WAS FILED BY PAPER ONLINE, HOWEVER, PER IRS NOTICE DATED OCTOBER 12, 2021, A FORM 990-PF RETURN CANNOT BE ELECTRONICALLY FILED. AT THE TIME THE RETURN WAS FILED ALL PREVIOUS ATTEMPTS TO SEND THE RETURNS ELECTRONICALLY FAILED AND WE HAD NO CHOICE IN ORDER TO SEND THE RETURN ON TIME BEFORE THE DUE DATE.WE HAVE SINCE DISCUSSED IT WITH AN IRS REPRESENTATIVE, MR. MIKE LECKER ID #1000144381 WHO HAS INSTRUCTED US TO TRY AGAIN WITH A DIFFERENT NAME CONTROL.
990-pfIN REPONSE TO LETTER :2697CRESPONDING TO: 0422810844ORIGINAL RETURN WAS FILED BY PAPER ONLINE, HOWEVER, PER IRS NOTICE DATED OCTOBER 12, 2021, A FORM 990-PF RETURN CANNOT BE ELECTRONICALLY FILED. AT THE TIME THE RETURN WAS FILED ALL PREVIOUS ATTEMPTS TO SEND THE RETURNS ELECTRONICALLY FAILED AND WE HAD NO CHOICE IN ORDER TO SEND THE RETURN ON TIME BEFORE THE DUE DATE.WE HAVE SINCE DISCUSSED IT WITH AN IRS REPRESENTATIVE, MR. MIKE LECKER ID #1000144381 WHO HAS INSTRUCTED US TO TRY AGAIN WITH A DIFFERENT NAME CONTROL.

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
Category2019 FEDERAL TAXES DUE AND PAIDCategoryTxt
Amt$28,000Amt

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