EDELMAN FAMILY FOUNDATION INC: Form 990PF, tax year 2020

View the entire original 990 at ProPublica ↗

Organization: EDELMAN FAMILY FOUNDATION INC (EIN 11-3455820)
Tax period: 2020-01-01 to 2020-12-31
Filed: 2021-04-15
IRS object ID: 202141059349102054
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
Form 990-PF
Schedule B
Accounting Fees Schedule
Other Expenses Schedule
Other Notes Loans Rcvbl Short Sch2

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2021-04-15T15:26:30-05:00	ReturnTs
Tax Period End	2020-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	842198674	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	WILLIAM LEE CPA PLLC	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	110 W 40TH STREET - SUITE 604	AddressLine1Txt
City	NEW YORK	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	10018	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnTypeCd
Tax Period Begin	2020-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	113455820	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	EDELMAN FAMILY FOUNDATION	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	EDEL	BusinessNameControlTxt
Phone	2126872628	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	49 LAWRENCE AVENUE	AddressLine1Txt
City	LARENCE	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	11559	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	ALEX EDELMAN	PersonNm
Person Title	PRESIDENT	PersonTitleTxt
Signature	2021-03-25	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Field	Value	IRS element (for citing)
Person First	ALEX	PersonFirstNm
Person Last	EDELMAN	PersonLastNm

Field	Value	IRS element (for citing)
SSN	XXX-XX-XXXX	SSN

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	WILLIAM LEE	PreparerPersonNm
PTIN	P00546282	PTIN
Phone	2126872628	PhoneNum
Preparation	2021-04-13	PreparationDt
Self Employed	Yes (X)	SelfEmployedInd

Field	Value	IRS element (for citing)
Tax	2020	TaxYr
Build TS	2022-09-23 18:48:47Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
FMV Assets EOY	$720,404	FMVAssetsEOYAmt
Method Of Accounting Cash	Yes (X)	MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Contri Rcvd Rev And Expnss	$450,000	ContriRcvdRevAndExpnssAmt
Total Rev And Expnss	$450,000	TotalRevAndExpnssAmt
Total Net Invst Incm	$0	TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss	$1,750	AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm	$1,750	AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps	$1,750	AccountingFeesChrtblPrpsAmt
Printing And Pub Rev And Expnss	$85	PrintingAndPubRevAndExpnssAmt
Printing And Pub Net Invst Incm	$85	PrintingAndPubNetInvstIncmAmt
Printing And Pub Dsbrs Chrtbl	$85	PrintingAndPubDsbrsChrtblAmt
Other Expenses Rev And Expnss	$100	OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm	$100	OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl	$100	OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss	$1,935	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$1,935	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$1,935	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$144,660	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$144,660	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$146,595	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$1,935	TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl	$146,595	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	$303,405	ExcessRevenueOverExpensesAmt
Net Investment Income	$0	NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Cash BOY	$416,999	CashBOYAmt
Cash EOY	$484,404	CashEOYAmt
Cash EOYFMV	$484,404	CashEOYFMVAmt
Other Nts And Loans Rcvbl	$236,000	OtherNtsAndLoansRcvblAmt
Other Nts And Loans Rcvbl EOY	$236,000	OtherNtsAndLoansRcvblEOYAmt
Other Nts And Loans Rcvbl EOYFMV	$236,000	OtherNtsAndLoansRcvblEOYFMVAmt
Total Assets BOY	$416,999	TotalAssetsBOYAmt
Total Assets EOY	$720,404	TotalAssetsEOYAmt
Total Assets EOYFMV	$720,404	TotalAssetsEOYFMVAmt
Total Liabilities EOY	$0	TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117	Yes (X)	OrgDoesNotFollowFASB117Ind
Retained Earning BOY	$416,999	RetainedEarningBOYAmt
Retained Earning EOY	$720,404	RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY	$416,999	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$720,404	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$416,999	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$720,404	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$416,999	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	$303,405	ExcessRevenueOverExpensesAmt
Subtotal	$720,404	SubtotalAmt
Tot Net Ast Or Fund Balances EOY	$720,404	TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Investment Income Excise Tax	$0	InvestmentIncomeExciseTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

Field	Value	IRS element (for citing)
Legislative Political Acty	false	LegislativePoliticalActyInd
More Than100 Spent	false	MoreThan100SpentInd
Form1120 POL Filed	false	Form1120POLFiledInd
Activities Not Previously Rpt	false	ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws	false	ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit	false	UnrelatedBusIncmOverLimitInd
Organization Dissolved Etc	false	OrganizationDissolvedEtcInd
Section508e Rqr Satisfied	Yes (true)	Section508eRqrSatisfiedInd
At Least5000 In Assets	false	AtLeast5000InAssetsInd
Private Operating Foundation	false	PrivateOperatingFoundationInd
New Substantial Contributors	false	NewSubstantialContributorsInd
Own Controlled Entity	false	OwnControlledEntityInd
Donor Advised Fund	false	DonorAdvisedFundInd
Comply With Public Insp Rqr	Yes (true)	ComplyWithPublicInspRqrInd
Website Address	N/A	WebsiteAddressTxt
Individual With Books	SUSAN EDELMAN	IndividualWithBooksNm
Phone	2126872628	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	49 LAWRENCE AVE	AddressLine1Txt
City	LAWRENCE	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	11559	ZIPCd

Field	Value	IRS element (for citing)
Foreign Accounts Question	false	ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Field	Value	IRS element (for citing)
Sale Or Exch Disqualified Prsn	false	SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn	false	BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified Prsn	false	FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified Prsn	false	PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn	false	TransferAstDisqualifiedPrsnInd
Payment To Government Official	false	PaymentToGovernmentOfficialInd
Undistributed Income PY	false	UndistributedIncomePYInd
Business Holdings	false	BusinessHoldingsInd
Jeopardy Investments	false	JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst	false	UncorrectedPYJeopardyInvstInd
Influence Legislation	false	InfluenceLegislationInd
Influence Election	false	InfluenceElectionInd
Grants To Individuals	false	GrantsToIndividualsInd
Grants To Organizations	false	GrantsToOrganizationsInd
Noncharitable Purpose	false	NoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	false	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	false	PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht Pymt	false	SubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (4 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	TitleTitleTxt	Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt	CompensationCompensationAmt	Employee Benefit ProgramEmployeeBenefitProgramAmt	Expense Account Other AllwncExpenseAccountOtherAllwncAmt
ALEX EDELMAN
49 LAWRENCE AVE	LAWRENCE	NY	11559	PRESIDENT	0.00	$0	$0	$0
SUSAN EDELMAN
49 LAWRENCE AVE	LAWRENCE	NY	11559	TREASURER	0.00	$0	$0	$0
JEFFREY EDELMAN
49 LAWRENCE AVE	LAWRENCE	NY	11559	VICE PRESIDE	0.00	$0	$0	$0
FAYE EDELMAN KLAYMAN
49 LAWRENCE AVE	LAWRENCE	NY	11559	VICE PRESIDE	0.00	$0	$0	$0

Field	Value	IRS element (for citing)
Comp Of Hghst Pd Empl Or NONE	NONE	CompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONE	NONE	CompOfHghstPdCntrctOrNONETxt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

Field	Value	IRS element (for citing)
Description1	N/A	Description1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

Field	Value	IRS element (for citing)
Average Monthly FMV Of Sec	$450,701	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$450,701	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$118,000	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$1,019,402	TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast	$1,019,402	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$15,291	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$1,004,111	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$50,206	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$50,206	MinimumInvestmentReturnAmt
Distributable Before Adj	$50,206	DistributableBeforeAdjAmt
Distributable Before Ded	$50,206	DistributableBeforeDedAmt
Distributable As Adjusted	$50,206	DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$146,595	ExpensesAndContributionsAmt
Qualifying Distributions	$146,595	QualifyingDistributionsAmt
Adjusted Qualifying Distri	$146,595	AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$50,206	DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5	$359,800	ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4	$293,389	ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3	$314,732	ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2	$263,959	ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1	$283,745	ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov	$1,515,625	TotalExcessDistributionCyovAmt
Qualifying Distributions	$146,595	QualifyingDistributionsAmt
Applied To Current Year	$50,206	AppliedToCurrentYearAmt
Remaining Distri From Corpus	$96,389	RemainingDistriFromCorpusAmt
Total Corpus	$1,612,014	TotalCorpusAmt
Undistributed Income CY	$0	UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5	$359,800	ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr	$1,252,214	ExcessDistriCyovToNextYrAmt
Excess From Year4	$293,389	ExcessFromYear4Amt
Excess From Year3	$314,732	ExcessFromYear3Amt
Excess From Year2	$263,959	ExcessFromYear2Amt
Excess From Year1	$283,745	ExcessFromYear1Amt
Excess From Current Year	$96,389	ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

Field	Value	IRS element (for citing)
Only Contri To Preselected	Yes (X)	OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

Recipient Business Name RecipientBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	SCHEDULE ATTACHED	BusinessNameLine1Txt

Recipient US Address RecipientUSAddress

Field	Value	IRS element (for citing)
Address Line1	NEW YORK	AddressLine1Txt
City	NEW YORK	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	10018	ZIPCd

Field	Value	IRS element (for citing)
Grant Or Contribution Purpose	GENERAL	GrantOrContributionPurposeTxt
Amt	$144,660	Amt

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$144,660	TotalGrantOrContriPdDurYrAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Field	Value	IRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO	false	TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO	false	TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets	false	SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO	false	PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets	false	RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements	false	ReimbursementArrangementsInd
Loans Or Loan Guarantees	false	LoansOrLoanGuaranteesInd
Performance Of Services Etc	false	PerformanceOfServicesEtcInd
Sharing Of Facilities Etc	false	SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO	false	RelationshipsNonchrtblEOInd

Schedule B IRS990ScheduleB

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
General Rule	Yes (X)	GeneralRuleInd

Contributor Information ContributorInformationGrp (2 entries)

ContributorContributorNum	Address Line1ContributorUSAddress/AddressLine1Txt	CityContributorUSAddress/CityNm	State AbbreviationContributorUSAddress/StateAbbreviationCd	ZIPContributorUSAddress/ZIPCd	Total ContributionsTotalContributionsAmt	Person ContributionPersonContributionInd
ALEX EDELMAN
1	49 LAWRENCE AVENUE	LAWRENCE	NY	11559	$225,000	Yes (X)
SUSAN EDELMAN
2	49 LAWRENCE AVENUE	LAWRENCE	NY	11559	$225,000	Yes (X)

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

Field	Value	IRS element (for citing)
Category	INDIRECT ACCOUNTING FEES	CategoryTxt
Amt	$1,750	Amt
Net Investment Income	$1,750	NetInvestmentIncomeAmt
Disbursements Charitable Prps	$1,750	DisbursementsCharitablePrpsAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDesc	Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt	Net Investment IncomeNetInvestmentIncomeAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt
EXPENSES
FILING FEE	$100	$100	$100

Other Notes Loans Rcvbl Short Sch2 OtherNotesLoansRcvblShortSch2

Other Notes Loans Rcvbl Short OtherNotesLoansRcvblShortGrp

Organization501c3 Name Organization501c3Name

Field	Value	IRS element (for citing)
Business Name Line1	LOAN RECEIVABLE	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Balance Due	$236,000	BalanceDueAmt

EDELMAN FAMILY FOUNDATION INC: Form 990PF, tax year 2020

Return header ReturnHeader

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

Preparer US Address PreparerUSAddress

Filer Filer

Business Name BusinessName

US Address USAddress

Business Officer BusinessOfficerGrp

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Preparer Person PreparerPersonGrp

Form 990-PF IRS990PF

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Statements Regarding Acty StatementsRegardingActyGrp

Location Of Books US Address LocationOfBooksUSAddress

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (4 entries)

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

Minimum Investment Return MinimumInvestmentReturnGrp

Distributable Amount DistributableAmountGrp

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

Undistributed Income UndistributedIncomeGrp

Supplementary Information SupplementaryInformationGrp

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

Recipient Business Name RecipientBusinessName

Recipient US Address RecipientUSAddress

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp (2 entries)

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

Other Notes Loans Rcvbl Short Sch2 OtherNotesLoansRcvblShortSch2

Other Notes Loans Rcvbl Short OtherNotesLoansRcvblShortGrp

Organization501c3 Name Organization501c3Name

Comments