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CORWIN FAMILY FOUNDATION: Form 990PF, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
CORWIN FAMILY FOUNDATION (EIN 95-4076122)
Tax period
2020-01-01 to 2020-12-31
Filed
2021-11-09
IRS object ID
202133139349100828
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)
Return2021-11-09T12:50:57-06:00ReturnTs
Tax Period End2020-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN412119150PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1ROBERT J FOGELMAN CPABusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1279 STONECREEK CTAddressLine1Txt
CityLAKE SHERWOODCityNm
State AbbreviationCAStateAbbreviationCd
ZIP91361ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2020-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN954076122EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1CORWIN FAMILY FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlCORWBusinessNameControlTxt
Phone3108582800PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1708 N SIERRA DRIVEAddressLine1Txt
CityBEVERLY HILLSCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90210ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonTONI CORWINPersonNm
Person TitleDIRECTORPersonTitleTxt
Signature2021-11-05SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstTONIPersonFirstNm
Person LastCORWINPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonROBERT J FOGELMAN CPAPreparerPersonNm
PTINP00070738PTIN
Phone8054978760PhoneNum
Preparation2021-11-05PreparationDt
Self EmployedYes (X)SelfEmployedInd
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$2,180,328FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$20ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$419InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$419InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$57,771DividendsRevAndExpnssAmt
Dividends Net Invst Incm$57,771DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss-$29,251NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$244,198GrossSalesPriceAmt
Total Rev And Expnss$28,959TotalRevAndExpnssAmt
Total Net Invst Incm$58,190TotalNetInvstIncmAmt
Taxes Rev And Expnss$45TaxesRevAndExpnssAmt
Taxes Net Invst Incm$35TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss$13,721OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$13,766TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$35TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$153,128ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$153,128ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$166,894TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$35TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$153,128TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$137,935ExcessRevenueOverExpensesAmt
Net Investment Income$58,155NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$10,979SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$17,310SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$17,310SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$1,815,505CorporateStockBOYAmt
Corporate Stock EOY$1,675,989CorporateStockEOYAmt
Corporate Stock EOYFMV$2,163,018CorporateStockEOYFMVAmt
Total Assets BOY$1,826,484TotalAssetsBOYAmt
Total Assets EOY$1,693,299TotalAssetsEOYAmt
Total Assets EOYFMV$2,180,328TotalAssetsEOYFMVAmt
Other Liabilities EOY$4,750OtherLiabilitiesEOYAmt
Total Liabilities EOY$4,750TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$1,826,484NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$1,688,549NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$1,826,484TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,688,549TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,826,484TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,693,299TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,826,484TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$137,935ExcessRevenueOverExpensesAmt
Subtotal$1,688,549SubtotalAmt
Tot Net Ast Or Fund Balances EOY$1,688,549TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
PropertyCAPITAL GUARDIANPropertyDesc
How AcquiredPHowAcquiredCd
Sold2020-12-31SoldDt
Gross Sales Price$244,198GrossSalesPriceAmt
Cost Or Other Basis$273,449CostOrOtherBasisAmt
Gain Or Loss-$29,251GainOrLossAmt
Gains Minus Excess Or Losses-$29,251GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income-$29,251CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$808InvestmentIncomeExciseTaxAmt
Subtotal$808SubtotalAmt
Tax Based On Investment Income$808TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$3,700EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$3,700TotalPaymentsAndCreditsAmt
Overpayment$2,892OverpaymentAmt
Applied To ES Tax$2,892AppliedToESTaxAmt

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

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1ROBERT J FOGELMAN CPABusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone8054978760PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1279 STONECREEK COURTAddressLine1Txt
CityLAKE SHERWOODCityNm
State AbbreviationCAStateAbbreviationCd
ZIP913615145ZIPCd
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
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 (4 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
TONI CORWIN
708 N SIERRA DRIVEBEVERLY HILLSCA90210DIRECTOR000.00$0$0$0
BRUCE CORWIN
708 N SIERRA DRIVEBEVERLY HILLSCA90210DIRECTOR000.00$0$0$0
DAVID CORWIN
708 N SIERRA DRIVEBEVERLY HILLSCA90210DIRECTOR000.00$0$0$0
DANIEL CORWIN
708 N SIERRA DRIVEBEVERLY HILLSCA90210DIRECTOR000.00$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$2,030,899AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$15,813AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$2,046,712TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$2,046,712AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$30,701CashDeemedCharitableAmt
Net Vl Noncharitable Assets$2,016,011NetVlNoncharitableAssetsAmt
Minimum Investment Return$100,801MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$100,801MinimumInvestmentReturnAmt
Tax Based On Investment Income$808TaxBasedOnInvestmentIncomeAmt
Total Tax$808TotalTaxAmt
Distributable Before Adj$99,993DistributableBeforeAdjAmt
Distributable Before Ded$99,993DistributableBeforeDedAmt
Distributable As Adjusted$99,993DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$153,128ExpensesAndContributionsAmt
Qualifying Distributions$153,128QualifyingDistributionsAmt
Adjusted Qualifying Distri$153,128AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$99,993DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$109,436ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$121,690ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$57,785ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$89,291ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$92,655ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$470,857TotalExcessDistributionCyovAmt
Qualifying Distributions$153,128QualifyingDistributionsAmt
Applied To Current Year$99,993AppliedToCurrentYearAmt
Remaining Distri From Corpus$53,135RemainingDistriFromCorpusAmt
Total Corpus$523,992TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$109,436ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$414,556ExcessDistriCyovToNextYrAmt
Excess From Year4$121,690ExcessFromYear4Amt
Excess From Year3$57,785ExcessFromYear3Amt
Excess From Year2$89,291ExcessFromYear2Amt
Excess From Year1$92,655ExcessFromYear1Amt
Excess From Current Year$53,135ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1SEE ATTACHED SCHEDULEBusinessNameLine1Txt

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1708 N SIERRA DRAddressLine1Txt
CityBEVERLY HILLSCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90210ZIPCd
FieldValueIRS element (for citing)
Recipient RelationshipNONERecipientRelationshipTxt
Grant Or Contribution PurposeTO FURTHER THE EXEMPT PURPOSEGrantOrContributionPurposeTxt
Amt$153,128Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$153,128TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$419ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$57,771ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion-$29,251ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$28,939ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$28,939TotalIncomeProducingActyAmt

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

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockCNBStockNm
EOY Book Value$1,675,989EOYBookValueAmt
EOYFMV$2,163,018EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (5 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt
EXPENSES
ATTORNEY GENERAL$50
BANK FEES$230
INVESTMENT COSTS$13,418
OTHER$23

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities Detail OtherLiabilitiesDetail

FieldValueIRS element (for citing)
DescCREDIT CARD PAYABLEDesc
EOY Book Value$4,750EOYBookValueAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmt
FOREIGN INCOME TAX$35$35
STATE INCOME TAX$10

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