MILTON AND URSULA H STOLAROFF FOUNDATION: Form 990PF, tax year 2019

View the entire original 990 at ProPublica ↗

Organization
MILTON AND URSULA H STOLAROFF FOUNDATION (EIN 46-4456572)
Tax period
2019-01-01 to 2019-12-31
Filed
2020-11-10
IRS object ID
202003159349102030
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)
Return2020-11-10T14:30:53-08:00ReturnTs
Tax Period End2019-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN954829539PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1E V JUAN CPA INCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line16257 Van Nuys Blvd Suite 102AddressLine1Txt
CityVan NuysCityNm
State AbbreviationCAStateAbbreviationCd
ZIP91401ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2019-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN464456572EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1MILTON AND URSULA H STOLAROFF FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlMILTBusinessNameControlTxt
Phone9497192625PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 12816AddressLine1Txt
CityNEWPORT BEACHCityNm
State AbbreviationCAStateAbbreviationCd
ZIP92658ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMICHAEL FARAHPersonNm
Person TitlePresidentPersonTitleTxt
Signature2020-11-10SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonE V JUAN CPA INCPreparerPersonNm
PTINP00075284PTIN
Phone8189890010PhoneNum
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$1,693,723FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$22,077DividendsRevAndExpnssAmt
Dividends Net Invst Incm$22,077DividendsNetInvstIncmAmt
Dividends Adj Net Incm$22,077DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss-$32,584NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$346,071GrossSalesPriceAmt
Other Income Rev And Expnss$47,314OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm$47,314OtherIncomeNetInvstIncmAmt
Other Income Adj Net Incm$47,314OtherIncomeAdjNetIncmAmt
Total Rev And Expnss$36,807TotalRevAndExpnssAmt
Total Net Invst Incm$69,391TotalNetInvstIncmAmt
Total Adj Net Incm$69,391TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$1,800AccountingFeesRevAndExpnssAmt
Other Prof Fees Rev And Expnss$16,649OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$16,649OtherProfFeesNetInvstIncmAmt
Other Prof Fees Adj Net Incm$16,649OtherProfFeesAdjNetIncmAmt
Taxes Rev And Expnss$50TaxesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$18,499TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$16,649TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm$16,649TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$112,500ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$112,500ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$130,999TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$16,649TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm$16,649TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$112,500TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$94,192ExcessRevenueOverExpensesAmt
Net Investment Income$52,742NetInvestmentIncomeAmt
Adjusted Net Income$52,742AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$23,945CashBOYAmt
Cash EOY$30,243CashEOYAmt
Cash EOYFMV$30,243CashEOYFMVAmt
Corporate Stock BOY$595,959CorporateStockBOYAmt
Corporate Stock EOY$599,268CorporateStockEOYAmt
Corporate Stock EOYFMV$599,268CorporateStockEOYFMVAmt
Other Investments BOY$883,541OtherInvestmentsBOYAmt
Other Investments EOY$1,064,212OtherInvestmentsEOYAmt
Other Investments EOYFMV$1,064,212OtherInvestmentsEOYFMVAmt
Total Assets BOY$1,503,445TotalAssetsBOYAmt
Total Assets EOY$1,693,723TotalAssetsEOYAmt
Total Assets EOYFMV$1,693,723TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$1,503,445NoDonorRstrNetAssestsBOYAmt
Tot Net Ast Or Fund Balances BOY$1,503,445TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,693,723TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,503,445TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,693,723TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,503,445TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$94,192ExcessRevenueOverExpensesAmt
Other Increases$284,470OtherIncreasesAmt
Subtotal$1,693,723SubtotalAmt
Tot Net Ast Or Fund Balances EOY$1,693,723TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (13 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
1,100 BAYER AGP2018-09-262019-03-27$17,449$24,713-$7,264-$7,264
470 CARDINAL HEALTHP2018-09-262019-03-27$22,398$25,302-$2,904-$2,904
638 ENBRIDGE INCP2018-12-172019-12-13$24,429$20,384$4,045$4,045
1,000 INTL PAPERP2018-12-172019-03-27$45,443$54,845-$9,402-$9,402
213.472 T ROWE PRICEP2018-12-132019-08-27$5,794$5,473$321$321
5.371 WABTECH CORPP2019-02-262019-03-27$383$419-$36-$36
3,000 CAMECOP2017-12-292019-12-13$27,449$27,937-$488-$488
3,000 COLONY CAPITALP2017-12-272019-12-13$13,500$34,328-$20,828-$20,828
1,000 GEP2017-12-272019-12-13$11,396$17,381-$5,985-$5,985
1,200 GEN MILLSP2018-09-262019-10-31$61,582$52,544$9,038$9,038
831.877 T ROWE PRICEP2017-06-272019-08-27$22,577$19,925$2,652$2,652
3,125 TELEFONICAP2018-09-262019-12-13$23,406$25,139-$1,733-$1,733
2,589 T ROWE PRICEP2017-08-272019-08-27$70,265$70,265
FieldValueIRS element (for citing)
Capital Gain Net Income-$32,584CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss-$15,240NetShortTermCapitalGainLossAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxYes (true)LiableSection4942TaxInd

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$1,055InvestmentIncomeExciseTaxAmt
Subtotal$1,055SubtotalAmt
Tax Based On Investment Income$1,055TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$1,984EstimatedPlusOvpmtIncmTxAmt
Backup Withholding Withheld$809BackupWithholdingWithheldAmt
Total Payments And Credits$2,793TotalPaymentsAndCreditsAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$15EsPenaltyAmt
Overpayment$1,723OverpaymentAmt
Applied To ES Tax$1,723AppliedToESTaxAmt

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
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 Line1MICHAEL FARAHBusinessNameLine1Txt

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1511 E BALBOA BLVDAddressLine1Txt
CityNEWPORT BEACHCityNm
State AbbreviationCAStateAbbreviationCd
ZIP92661ZIPCd
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
Acts Fail To Qlfy As ExceptionsfalseActsFailToQlfyAsExceptionsInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
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

FieldValueIRS element (for citing)
PersonMICHAEL FARAHPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1511 E BALBOA BLVDAddressLine1Txt
CityNEWPORT BEACHCityNm
State AbbreviationCAStateAbbreviationCd
ZIP92658ZIPCd
FieldValueIRS element (for citing)
TitlePresidentTitleTxt
Average Hrs Per Wk Devoted To Pos5.00AverageHrsPerWkDevotedToPosRt
Compensation$0CompensationAmt
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1CELEBRITY FOUNDATION FOR CHILDREN - 501(C)3 ORGANIZATIONDescription1Txt
Expenses1$50,000Expenses1Amt
Description2ST ANNE CATHOLIC CHURCHDescription2Txt
Description3KONA HOSPITAL FOUNDATIONDescription3Txt
Expenses3$62,500Expenses3Amt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$1,571,491AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$27,094AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$1,598,585TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$1,598,585AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$23,979CashDeemedCharitableAmt
Net Vl Noncharitable Assets$1,574,606NetVlNoncharitableAssetsAmt
Minimum Investment Return$78,730MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$78,730MinimumInvestmentReturnAmt
Tax Based On Investment Income$1,055TaxBasedOnInvestmentIncomeAmt
Total Tax$1,055TotalTaxAmt
Distributable Before Adj$77,675DistributableBeforeAdjAmt
Distributable Before Ded$77,675DistributableBeforeDedAmt
Distributable As Adjusted$77,675DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$112,500ExpensesAndContributionsAmt
Qualifying Distributions$112,500QualifyingDistributionsAmt
Adjusted Qualifying Distri$112,500AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$77,675DistributableAsAdjustedAmt
Excess Distribution Cyov Yr2$71,054ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$43,091ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$114,145TotalExcessDistributionCyovAmt
Qualifying Distributions$112,500QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$77,675AppliedToCurrentYearAmt
Remaining Distri From Corpus$34,825RemainingDistriFromCorpusAmt
Total Corpus$148,970TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$148,970ExcessDistriCyovToNextYrAmt
Excess From Year2$71,054ExcessFromYear2Amt
Excess From Year1$43,091ExcessFromYear1Amt
Excess From Current Year$34,825ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (2 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
CELEBRITY FOUNDATION FOR CHILDREN
PO BOX 12709NEWPORT BEACHCA92658NONEPCCHARITY$50,000
KONA HOSPITAL FNDTN
79-109 HAUKAPILA STKEALAKEKUAHI96750NONEPCCHARITY$62,500
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$112,500TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$22,077RelatedOrExemptFunctionIncmAmt

Other Investment Incm Part VII OtherInvestmentIncmPartVIIGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$47,314RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm-$32,584RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$36,807RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$36,807TotalIncomeProducingActyAmt

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

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryACCOUNTING / TAXCategoryTxt
Amt$1,800Amt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
DescOther Investment IncomeDesc
Revenue And Expenses Per Books$47,314RevenueAndExpensesPerBooksAmt
Net Investment Income$47,314NetInvestmentIncomeAmt
Adjusted Net Income$47,314AdjustedNetIncomeAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryTD AMERITRADE FEESCategoryTxt
Amt$16,649Amt
Net Investment Income$16,649NetInvestmentIncomeAmt
Adjusted Net Income$16,649AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmt
FTB CALIF$25
REGISTRY OF TRUSTS$25

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