FIRST SCHOOL FINANCIAL AID TRUST HONORING THE MEMORY OF C MARKMAN: Form 990EZ, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- FIRST SCHOOL FINANCIAL AID TRUST HONORING THE MEMORY OF C MARKMAN (EIN 95-7092089)
- Tax period
- 2020-01-01 to 2020-12-31
- Filed
- 2021-11-08
- IRS object ID
- 202133129349202478
- 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2021-11-08T14:24:59-08:00 | ReturnTs |
| Tax Period End | 2020-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 743255903 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Charles J Marcus CPA | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 7338 | AddressLine1Txt |
| City | Santa Monica | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90406 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990EZ | ReturnTypeCd |
| Tax Period Begin | 2020-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 957092089 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | First School Financial Aid Trust | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | FIRS | BusinessNameControlTxt |
| Phone | 3107747116 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 731 Pine St | AddressLine1Txt |
| City | Santa Monica | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90405 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Kim Israel | PersonNm |
| Person Title | Trustee | PersonTitleTxt |
| Signature | 2021-11-08 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | Kim | PersonFirstNm |
| Person Last | Israel | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | CHARLES MARCUS | PreparerPersonNm |
| PTIN | P00235865 | PTIN |
| Phone | 4243228030 | PhoneNum |
| Self Employed | Yes (X) | SelfEmployedInd |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Federated Assurance Level | FAL1 | FederatedAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2020 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990-EZ IRS990EZ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Website Address | N/A | WebsiteAddressTxt |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Gross Receipts | $95,437 | GrossReceiptsAmt |
| Info In Schedule O Part I | Yes (X) | InfoInScheduleOPartIInd |
| Contributions Gifts Grants Etc | $312 | ContributionsGiftsGrantsEtcAmt |
| Investment Income | $430 | InvestmentIncomeAmt |
| Cost Or Other Basis Expense Sale | $0 | CostOrOtherBasisExpenseSaleAmt |
| Fundraising Gross Income | $94,695 | FundraisingGrossIncomeAmt |
| Special Events Direct Expenses | $32,133 | SpecialEventsDirectExpensesAmt |
| Special Events Net Income Loss | $62,562 | SpecialEventsNetIncomeLossAmt |
| Cost Of Goods Sold | $0 | CostOfGoodsSoldAmt |
| Total Revenue | $63,304 | TotalRevenueAmt |
| Grants And Similar Amounts Paid | $37,335 | GrantsAndSimilarAmountsPaidAmt |
| Fees And Other Pymt To Ind Cntrct | $1,600 | FeesAndOtherPymtToIndCntrctAmt |
| Other Expenses Total | $551 | OtherExpensesTotalAmt |
| Total Expenses | $39,486 | TotalExpensesAmt |
| Excess Or Deficit For Year | $23,818 | ExcessOrDeficitForYearAmt |
| Net Assets Or Fund Balances BOY | $256,373 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $280,191 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part II | Yes (X) | InfoInScheduleOPartIIInd |
Cash Savings And Investments CashSavingsAndInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $253,873 | BOYAmt |
| EOY | $277,691 | EOYAmt |
Other Assets Total Detail OtherAssetsTotalDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,500 | BOYAmt |
| EOY | $2,500 | EOYAmt |
Form990 Total Assets Form990TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $256,373 | BOYAmt |
| EOY | $280,191 | EOYAmt |
Net Assets Or Fund Balances NetAssetsOrFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $256,373 | BOYAmt |
| EOY | $280,191 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Primary Exempt Purpose | To provide scholarships to children to attend preschool. | PrimaryExemptPurposeTxt |
Program Srvc Accomplishment ProgramSrvcAccomplishmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description Program Srvc Accom | The First School Financial Aid Trust achieved its goal in providing a vast number of scholarships for children to attend an early childhood school in Santa Monica,CA. Without the financial assistance of the Fund, the donee families would be financially unable to provide for their children's attendance at the First School. Ten grants were made to qualifying parents during calendar year 2020. | DescriptionProgramSrvcAccomTxt |
| Grants And Allocations | $2,140 | GrantsAndAllocationsAmt |
| Program Service Expenses | $37,335 | ProgramServiceExpensesAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $2,140 | TotalProgramServiceExpensesAmt |
Officer Director Trustee Empl OfficerDirectorTrusteeEmplGrp (7 entries)
| TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt |
|---|---|---|
| Kim Israel | ||
| Trustee | 2.00 | $0 |
| Kristyn Romans | ||
| Trustee | 2.00 | $0 |
| Debra Sunshine | ||
| Trustee | 2.00 | $0 |
| Clarissa Hoffman | ||
| Trustee | 2.00 | $0 |
| Catherine Myman-Kaplan | ||
| Trustee | 2.00 | $0 |
| Sarah Bromell | ||
| Trustee | 2.00 | $0 |
| Katie Rivera | ||
| Treasurer | 2.00 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Chg Made To Orgnzng Doc Not Rpt | false | ChgMadeToOrgnzngDocNotRptInd |
| Organization Had UBI | false | OrganizationHadUBIInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Form1120 Pol Filed | false | Form1120PolFiledInd |
| Made Loans To From Officers | false | MadeLoansToFromOfficersInd |
| Tax Imposed Under IRC4911 | $0 | TaxImposedUnderIRC4911Amt |
| Tax Imposed Under IRC4912 | $0 | TaxImposedUnderIRC4912Amt |
| Tax Imposed Under IRC4955 | $0 | TaxImposedUnderIRC4955Amt |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| Tax Imposed On Organization Mgr | $0 | TaxImposedOnOrganizationMgrAmt |
| Tax Reimbursed By Organization | $0 | TaxReimbursedByOrganizationAmt |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Katie Rivera | PersonNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 330 S Barrington | AddressLine1Txt |
| City | Los Angeles | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90049 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2134481340 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Foreign Office | false | ForeignOfficeInd |
| Donor Advised Fnds | false | DonorAdvisedFndsInd |
| Operate Hospital | false | OperateHospitalInd |
| Tanning Services Provided | false | TanningServicesProvidedInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | false | TransactionWithControlEntInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| School Operating | false | SchoolOperatingInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Part VI Of Comp Of Hghst Pd Empl | NONE | PartVIOfCompOfHghstPdEmplTxt |
| Part VI Hghst Pd Cntrct Prof Srvc | NONE | PartVIHghstPdCntrctProfSrvcTxt |
| Filed Schedule A | Yes (true) | FiledScheduleAInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org509a2 | Yes (X) | PubliclySupportedOrg509a2Ind |
Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $10,526 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $12,025 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $20,683 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $26,024 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $312 | CurrentTaxYearAmt |
| Total | $69,570 | TotalAmt |
Gross Receipts Admissions GrossReceiptsAdmissionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $109,115 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $104,456 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $123,385 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $130,362 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $91,695 | CurrentTaxYearAmt |
| Total | $559,013 | TotalAmt |
Gross Receipts Non Unrlt Bus GrossReceiptsNonUnrltBusGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Tax Rev Levied Orgnztnl Bnft509 TaxRevLeviedOrgnztnlBnft509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Govt Furn Srvc Fclts Vl509 GovtFurnSrvcFcltsVl509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Total509 Total509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $119,641 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $116,481 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $144,068 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $156,386 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $92,007 | CurrentTaxYearAmt |
| Total | $628,583 | TotalAmt |
Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Substantial Contributors Amt SubstantialContributorsAmtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | $628,583 | PublicSupportTotal509Amt |
Gross Investment Income509 GrossInvestmentIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $51 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $51 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $51 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $50 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $430 | CurrentTaxYearAmt |
| Total | $633 | TotalAmt |
Post1975 UBTI Post1975UBTIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Investment Income And UBTI InvestmentIncomeAndUBTIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $51 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $51 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $51 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $50 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $430 | CurrentTaxYearAmt |
| Total | $633 | TotalAmt |
Net Income From Other UBI NetIncomeFromOtherUBIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Income509 OtherIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Total Support Calendar Year TotalSupportCalendarYearGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $119,692 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $116,532 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $144,119 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $156,436 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $92,437 | CurrentTaxYearAmt |
| Total | $629,216 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support CY509 | 0.99900 | PublicSupportCY509Pct |
| Public Support PY509 | 0.99960 | PublicSupportPY509Pct |
| Investment Income CY | 0.00100 | InvestmentIncomeCYPct |
| Investment Income PY | 0.00040 | InvestmentIncomePYPct |
| Thirty Thr Pct Suprt Tests CY509 | Yes (X) | ThirtyThrPctSuprtTestsCY509Ind |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | Annual Fundraiser Dinner | Event1Nm |
| Gross Receipts Event1 | $91,384 | GrossReceiptsEvent1Amt |
| Gross Revenue Event1 | $91,384 | GrossRevenueEvent1Amt |
| Rent Facility Costs Event1 | $29,563 | RentFacilityCostsEvent1Amt |
| Other Direct Expenses Event1 | $2,570 | OtherDirectExpensesEvent1Amt |
| Gross Receipts Total | $91,384 | GrossReceiptsTotalAmt |
| Gross Revenue Total Events | $91,384 | GrossRevenueTotalEventsAmt |
| Rent Fclty Costs Total Events | $29,563 | RentFcltyCostsTotalEventsAmt |
| Oth Direct Expnss Total Events | $2,570 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $32,133 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | $59,251 | NetIncomeSummaryAmt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Client Note 1 | Client Note 1 - Statement of special events:A) Annual Fundraiser Dinner: The organization's main event consisting of dinner, music, entertainment, and an auction of goods and services. This event is the main source of the organization's scholarship funds.Financial Summary:Gross Receipts $ 91,384Direct Expenses 29,563Net Income $ 61,821 |
| Grants and Similar Amounts Paid In Excess of $5,000.1 | | Donee's Name: Antonia & Israel Martinez | Donee's Address: 2627 S. Mansfield Los Angeles CA 90016 | Cash Amount Given: $7180 |
| Grants and Similar Amounts Paid In Excess of $5,000.9 | | Donee's Name: Binyam Zewdie | Donee's Address: 9141 S. Garvey Inglewood CA 90305 | Cash Amount Given: $5500 |
| Other Expenses.1 | Office Exp $551 |
| Other Assets.1 | Deposits - Beginning $2500 Deposits - Ending $2500 |
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