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EDELMAN FAMILY FOUNDATION INC: Form 990PF, tax year 2019

View the entire original 990 at ProPublica ↗

Organization
EDELMAN FAMILY FOUNDATION INC (EIN 11-3455820)
Tax period
2019-01-01 to 2019-12-31
Filed
2020-10-01
IRS object ID
202002759349100615
Schema version
2019v5.0
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)
Return2020-10-01T14:00:27-05:00ReturnTs
Tax Period End2019-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN842198674PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1WILLIAM LEE CPA PLLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1110 W 40TH STREET - SUITE 604AddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10018ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2019-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN113455820EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1EDELMAN FAMILY FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlEDELBusinessNameControlTxt
Phone2126872628PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line149 LAWRENCE AVENUEAddressLine1Txt
CityLARENCECityNm
State AbbreviationNYStateAbbreviationCd
ZIP11559ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonALEX EDELMANPersonNm
Person TitlePRESIDENTPersonTitleTxt
Signature2020-05-31SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonWILLIAM LEEPreparerPersonNm
PTINP00546282PTIN
Phone2126872628PhoneNum
Preparation2020-09-27PreparationDt
Self EmployedYes (X)SelfEmployedInd

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address52.37.240.203IPv4AddressTxt
FieldValueIRS element (for citing)
IP2020-10-01IPDt
IP Tm14:00:27IPTm
IP TimezoneCDIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device Id6E4FE71FF591C0DCA4CEB4C98F3FFD69941674D7AtSubmissionCreationDeviceId
At Submission Filing Device IdAB2B41B7C5469D69A09BE086EAAA682743ED7E32AtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2019TaxYr
Build TS2021-04-22 16:20:28ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$416,999FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$275,000ContriRcvdRevAndExpnssAmt
Total Rev And Expnss$275,000TotalRevAndExpnssAmt
Total Net Invst Incm$0TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$1,750AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$1,750AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps$1,750AccountingFeesChrtblPrpsAmt
Printing And Pub Rev And Expnss$85PrintingAndPubRevAndExpnssAmt
Printing And Pub Net Invst Incm$85PrintingAndPubNetInvstIncmAmt
Printing And Pub Dsbrs Chrtbl$85PrintingAndPubDsbrsChrtblAmt
Other Expenses Rev And Expnss$125OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$125OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl$125OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$1,960TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$1,960TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$1,960TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$303,062ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$303,062ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$305,022TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$1,960TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$305,022TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$30,022ExcessRevenueOverExpensesAmt
Net Investment Income$0NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$447,021CashBOYAmt
Cash EOY$416,999CashEOYAmt
Cash EOYFMV$416,999CashEOYFMVAmt
Total Assets BOY$447,021TotalAssetsBOYAmt
Total Assets EOY$416,999TotalAssetsEOYAmt
Total Assets EOYFMV$416,999TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$447,021RetainedEarningBOYAmt
Retained Earning EOY$416,999RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$447,021TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$416,999TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$447,021TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$416,999TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$447,021TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$30,022ExcessRevenueOverExpensesAmt
Subtotal$416,999SubtotalAmt
Tot Net Ast Or Fund Balances EOY$416,999TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$287,640AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$473,628NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.607312DistributionYr1Rt
Adjusted Qlfy Distri Yr2$339,071AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$486,783NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.696555DistributionYr2Rt
Adjusted Qlfy Distri Yr3$315,375AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$439,723NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.717213DistributionYr3Rt
Adjusted Qlfy Distri Yr4$376,413AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$332,253NetVlNoncharitableAssetsYr4Amt
Distribution Yr41.132911DistributionYr4Rt
Adjusted Qlfy Distri Yr5$311,072AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$242,365NetVlNoncharitableAssetsYr5Amt
Distribution Yr51.283486DistributionYr5Rt
Total Distribution4.437477TotalDistributionRt
Average Distribution0.887495AverageDistributionRt
Net Vl Noncharitable Assets$425,530NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$377,656AdjNetVlNoncharitableAssetsAmt
Adj Nonchrtbl Net Invst Incm Pct$377,656AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$305,022QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$0InvestmentIncomeExciseTaxAmt

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 AssetsfalseAtLeast5000InAssetsInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsYes (true)NewSubstantialContributorsInd
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 Line1WILLIAM LEE CPA PLLCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2126872628PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1110 W 40TH ST RM 604AddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10018ZIPCd
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
ALEX EDELMAN
49 LAWRENCE AVELAWRENCENY11559PRESIDENT10.00$0$0$0
SUSAN EDELMAN
49 LAWRENCE AVELAWRENCENY11559TREASURER10.00$0$0$0
JEFFREY EDELMAN
49 LAWRENCE AVELAWRENCENY11559VICE PRESIDE10.00$0$0$0
FAY GREENBERG
49 LAWRENCE AVELAWRENCENY11559VICE PRESIDE10.00$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$432,010AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$0AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$432,010TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$432,010AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$6,480CashDeemedCharitableAmt
Net Vl Noncharitable Assets$425,530NetVlNoncharitableAssetsAmt
Minimum Investment Return$21,277MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$21,277MinimumInvestmentReturnAmt
Distributable Before Adj$21,277DistributableBeforeAdjAmt
Distributable Before Ded$21,277DistributableBeforeDedAmt
Distributable As Adjusted$21,277DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$305,022ExpensesAndContributionsAmt
Qualifying Distributions$305,022QualifyingDistributionsAmt
Adjusted Qualifying Distri$305,022AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$21,277DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$298,954ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$359,800ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$293,389ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$314,732ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$263,959ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$1,530,834TotalExcessDistributionCyovAmt
Qualifying Distributions$305,022QualifyingDistributionsAmt
Applied To Current Year$21,277AppliedToCurrentYearAmt
Remaining Distri From Corpus$283,745RemainingDistriFromCorpusAmt
Total Corpus$1,814,579TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$298,954ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$1,515,625ExcessDistriCyovToNextYrAmt
Excess From Year4$359,800ExcessFromYear4Amt
Excess From Year3$293,389ExcessFromYear3Amt
Excess From Year2$314,732ExcessFromYear2Amt
Excess From Year1$263,959ExcessFromYear1Amt
Excess From Current Year$283,745ExcessFromCurrentYearAmt

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 Line1SCHEDULE ATTACHEDBusinessNameLine1Txt

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1NEW YORKAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10018ZIPCd
FieldValueIRS element (for citing)
Grant Or Contribution PurposeGENERALGrantOrContributionPurposeTxt
Amt$303,062Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$303,062TotalGrantOrContriPdDurYrAmt

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 PersonALEX EDELMANContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line149 LAWRENCE AVENUEAddressLine1Txt
CityLAWRENCECityNm
State AbbreviationNYStateAbbreviationCd
ZIP11559ZIPCd
FieldValueIRS element (for citing)
Total Contributions$275,000TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryINDIRECT ACCOUNTING FEESCategoryTxt
Amt$1,750Amt
Net Investment Income$1,750NetInvestmentIncomeAmt
Disbursements Charitable Prps$1,750DisbursementsCharitablePrpsAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
EXPENSES
FILING FEE$125$125$125

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