SOKOL FAMILY FOUNDATION: Form 990PF, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
SOKOL FAMILY FOUNDATION (EIN 85-3064683)
Tax period
2020-09-16 to 2020-12-31
Filed
2021-05-16
IRS object ID
202141369349100514
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)
Return2021-05-16T09:18:08-05:00ReturnTs
Tax Period End2020-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN470700692PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1VERDANT ACCOUNTING PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line112110 PORT GRACE BLVD STE 100AddressLine1Txt
CityLA VISTACityNm
State AbbreviationNEStateAbbreviationCd
ZIP681283190ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2020-09-16TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN853064683EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1SOKOL FAMILY FOUNDATIONBusinessNameLine1Txt
Business Name Line2KELLY SOKOLBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlSOKOBusinessNameControlTxt
Phone7575820264PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line18110 OCEAN FRONT AVENUEAddressLine1Txt
CityVIRGINIA BEACHCityNm
State AbbreviationVAStateAbbreviationCd
ZIP23451ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonKELLY SOKOLPersonNm
Person TitlePRESIDENT/EXEC DIRPersonTitleTxt
Phone7575820264PhoneNum
Signature2021-05-14SignatureDt

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstKELLYPersonFirstNm
Person LastSOKOLPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonSTACY KERNS CPAPreparerPersonNm
PTINP00454583PTIN
Phone4023301200PhoneNum
Preparation2021-05-14PreparationDt
FieldValueIRS element (for citing)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Initial ReturnYes (X)InitialReturnInd
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$22,015,799FMVAssetsEOYAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$17,880,000ContriRcvdRevAndExpnssAmt
Dividends Rev And Expnss$109,548DividendsRevAndExpnssAmt
Dividends Net Invst Incm$109,548DividendsNetInvstIncmAmt
Dividends Adj Net Incm$109,548DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$1,298,478NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$2,741,592GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$1,298,478CapGainNetIncmNetInvstIncmAmt
Net ST Capital Gain Adj Net Incm$1,292,878NetSTCapitalGainAdjNetIncmAmt
Total Rev And Expnss$19,288,026TotalRevAndExpnssAmt
Total Net Invst Incm$1,408,026TotalNetInvstIncmAmt
Total Adj Net Incm$1,402,426TotalAdjNetIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$3,333CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm$3,333CompOfcrDirTrstNetInvstIncmAmt
Comp Ofcr Dir Trst Adj Net Incm$3,333CompOfcrDirTrstAdjNetIncmAmt
Taxes Rev And Expnss$255TaxesRevAndExpnssAmt
Taxes Net Invst Incm$255TaxesNetInvstIncmAmt
Taxes Adj Net Incm$255TaxesAdjNetIncmAmt
Tot Opr Expenses Rev And Expnss$3,588TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$3,588TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm$3,588TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$53,500ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$53,500ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$57,088TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$3,588TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm$3,588TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$53,500TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$19,230,938ExcessRevenueOverExpensesAmt
Net Investment Income$1,404,438NetInvestmentIncomeAmt
Adjusted Net Income$1,398,838AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash EOY$41,977CashEOYAmt
Cash EOYFMV$41,977CashEOYFMVAmt
Sav And Temp Cash Invst EOY$2,438,943SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$2,438,943SavAndTempCashInvstEOYFMVAmt
Corporate Stock EOY$10,414,083CorporateStockEOYAmt
Corporate Stock EOYFMV$19,072,774CorporateStockEOYFMVAmt
Other Investments EOY$455,000OtherInvestmentsEOYAmt
Other Investments EOYFMV$460,703OtherInvestmentsEOYFMVAmt
Other Assets EOY$1,402OtherAssetsEOYAmt
Other Assets EOYFMV$1,402OtherAssetsEOYFMVAmt
Total Assets EOY$13,351,405TotalAssetsEOYAmt
Total Assets EOYFMV$22,015,799TotalAssetsEOYFMVAmt
Other Liabilities EOY$467OtherLiabilitiesEOYAmt
Total Liabilities EOY$467TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests EOY$13,350,938NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances EOY$13,350,938TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$0TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$13,351,405TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Excess Revenue Over Expenses$19,230,938ExcessRevenueOverExpensesAmt
Subtotal$19,230,938SubtotalAmt
Other Decreases$5,880,000OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$13,350,938TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
PropertyATLASPropertyDesc
How AcquiredPHowAcquiredCd
Gross Sales Price$2,735,992GrossSalesPriceAmt
Cost Or Other Basis$1,443,114CostOrOtherBasisAmt
Gain Or Loss$1,292,878GainOrLossAmt
Gains Minus Excess Or Losses$1,292,878GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$1,298,478CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss$1,292,878NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$19,522InvestmentIncomeExciseTaxAmt
Subtotal$19,522SubtotalAmt
Tax Based On Investment Income$19,522TaxBasedOnInvestmentIncomeAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Tax Due$19,522TaxDueAmt

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 SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateVAOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsYes (true)NewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressNONEWebsiteAddressTxt
Individual With BooksKELLY SOKOLIndividualWithBooksNm
Phone7575820264PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line18110 OCEAN FRONT AVEAddressLine1Txt
CityVIRGINIA BEACHCityNm
State AbbreviationVAStateAbbreviationCd
ZIP23451ZIPCd
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
KELLY SOKOL
8110 OCEAN FRONT AVEVIRGINIA BEACHVA23451PRESIDENT/EX13.00$3,333$0$0
JOHN WEECH
8110 OCEAN FRONT AVENUEVIRGINIA BEACHVA23451TREASURER/SE3.00$0$0$0
DAVID SOKOL
2400 DEL LAGO DRIVEFORT LAUDERDALEFL33316DIRECTOR000.00$0$0$0
PEGGY SOKOL
2400 DEL LAGO DRIVEFORT LAUDERDALEFL33316DIRECTOR000.00$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$17,032,111AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$539,502AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$17,571,613TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$17,571,613AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$263,574CashDeemedCharitableAmt
Net Vl Noncharitable Assets$17,308,039NetVlNoncharitableAssetsAmt
Minimum Investment Return$253,000MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$253,000MinimumInvestmentReturnAmt
Tax Based On Investment Income$19,522TaxBasedOnInvestmentIncomeAmt
Total Tax$19,522TotalTaxAmt
Distributable Before Adj$233,478DistributableBeforeAdjAmt
Distributable Before Ded$233,478DistributableBeforeDedAmt
Distributable As Adjusted$233,478DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$53,500ExpensesAndContributionsAmt
Qualifying Distributions$53,500QualifyingDistributionsAmt
Adjusted Qualifying Distri$53,500AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$233,478DistributableAsAdjustedAmt
Qualifying Distributions$53,500QualifyingDistributionsAmt
Applied To Current Year$53,500AppliedToCurrentYearAmt
Undistributed Income CY$179,978UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (5 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
NAVY SEAL FOUNDATION
1619 D STREETVIRGINIA BEACHVA23459GENERAL$15,000
HER SHELTER
PO BOX 2187PORTSMOUTHVA23702GENERAL$5,500
FOODBANK OF SOUTHEASTERN VA
800 TIDEWATER DRIVENORFOLKVA23504GENERAL$5,500
ANIMAL RESOURCES OF TIDEWATER
PO BOX 11535NORFOLKVA23517GENERAL$2,500
CHKD
601 CHILDRENS LANENORFOLKVA23507MENTAL HEALTH$25,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$53,500TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$109,548ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$1,298,478ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$1,408,026ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$1,408,026TotalIncomeProducingActyAmt

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 SOKOLContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line12400 DEL LAGO DRIVEAddressLine1Txt
CityFT LAUDERDALECityNm
State AbbreviationFLStateAbbreviationCd
ZIP33316ZIPCd
FieldValueIRS element (for citing)
Total Contributions$17,880,000TotalContributionsAmt
Noncash ContributionYes (X)NoncashContributionInd

Non Cash Property Contribution NonCashPropertyContributionGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Noncash Property2,000,000 SHARES ATLAS CORPNoncashPropertyDesc
Fair Market Value$17,880,000FairMarketValueAmt
Received2020-09-25ReceivedDt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockATLASStockNm
EOY Book Value$10,414,083EOYBookValueAmt
EOYFMV$19,072,774EOYFMVAmt

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (7 entries)

Category Or ItemCategoryOrItemTxtBook ValueBookValueAmtEOYFMVEOYFMVAmt
VANGUARD EMERGING MARKETS$20,000$20,223
VANGUARD 500 INDEX ADMIRAL$175,000$178,716
VANGUARD HEALTHCARE INVESTOR$20,000$20,071
VANGUARD SMALL CAP INDEX$20,000$20,043
VANGUARD TOTAL STOCK MARKET INDEX$100,000$103,998
VANGUARD VALUE INDEX ADMIRAL$20,000$20,113
VANGUARD WINDSOR ADMIRAL II$100,000$97,539

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp

FieldValueIRS element (for citing)
DescADVANCEDesc
EOY Book Value$1,402EOYBookValueAmt
EOYFMV$1,402EOYFMVAmt

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

FieldValueIRS element (for citing)
DescUNREALIZED APPRECIAITON ON DONATION RECEIVEDDesc
Amt$5,880,000Amt

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities Detail OtherLiabilitiesDetail

FieldValueIRS element (for citing)
DescPAYROLL TAXES PAYABLEDesc
EOY Book Value$467EOYBookValueAmt

Substantial Contributors Sch SubstantialContributorsSch

Substantial Contributor Detail SubstantialContributorDetail

FieldValueIRS element (for citing)
PersonDAVID SOKOLPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line12400 DEL LAGO DRIVEAddressLine1Txt
CityFORT LAUDERDALECityNm
State AbbreviationFLStateAbbreviationCd
ZIP33316ZIPCd

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryPAYROLL TAXESCategoryTxt
Amt$255Amt
Net Investment Income$255NetInvestmentIncomeAmt
Adjusted Net Income$255AdjustedNetIncomeAmt

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