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FIRST SCHOOL FINANCIAL AID TRUST HONORING THE MEMORY OF C MARKMAN: Form 990EZ, tax year 2019

View the entire original 990 at ProPublica ↗

Organization
FIRST SCHOOL FINANCIAL AID TRUST HONORING THE MEMORY OF C MARKMAN (EIN 95-7092089)
Tax period
2019-01-01 to 2019-12-31
Filed
2020-12-05
IRS object ID
202003409349200105
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)
Return2020-12-05T14:38:16-08:00ReturnTs
Tax Period End2019-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN743255903PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Charles J Marcus CPABusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1PO Box 7338AddressLine1Txt
CitySanta MonicaCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90406ZIPCd
FieldValueIRS element (for citing)
Return Type990EZReturnTypeCd
Tax Period Begin2019-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN957092089EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1First School Financial Aid TrustBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlFIRSBusinessNameControlTxt
Phone3107747116PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1731 Pine StAddressLine1Txt
CitySanta MonicaCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90405ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonKim IsraelPersonNm
Person TitleTrusteePersonTitleTxt
Signature2020-11-30SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonCHARLES MARCUSPreparerPersonNm
PTINP00235865PTIN
Phone4243228030PhoneNum
Self EmployedYes (X)SelfEmployedInd
FieldValueIRS element (for citing)
Tax2019TaxYr
Build TS2021-04-22 16:20:28ZBuildTS

Form 990-EZ IRS990EZ

FieldValueIRS element (for citing)
Method Of Accounting CashYes (X)MethodOfAccountingCashInd
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Website AddressN/AWebsiteAddressTxt
Organization501c3Yes (X)Organization501c3Ind
Gross Receipts$156,436GrossReceiptsAmt
Info In Schedule O Part IYes (X)InfoInScheduleOPartIInd
Contributions Gifts Grants Etc$26,024ContributionsGiftsGrantsEtcAmt
Investment Income$50InvestmentIncomeAmt
Cost Or Other Basis Expense Sale$0CostOrOtherBasisExpenseSaleAmt
Fundraising Gross Income$130,362FundraisingGrossIncomeAmt
Special Events Direct Expenses$32,716SpecialEventsDirectExpensesAmt
Special Events Net Income Loss$97,646SpecialEventsNetIncomeLossAmt
Cost Of Goods Sold$0CostOfGoodsSoldAmt
Total Revenue$123,720TotalRevenueAmt
Grants And Similar Amounts Paid$51,600GrantsAndSimilarAmountsPaidAmt
Other Expenses Total$4,160OtherExpensesTotalAmt
Total Expenses$55,760TotalExpensesAmt
Excess Or Deficit For Year$67,960ExcessOrDeficitForYearAmt
Net Assets Or Fund Balances BOY$188,413NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$256,373NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIYes (X)InfoInScheduleOPartIIInd

Cash Savings And Investments CashSavingsAndInvestmentsGrp

FieldValueIRS element (for citing)
BOY$183,913BOYAmt
EOY$253,873EOYAmt

Other Assets Total Detail OtherAssetsTotalDetail

FieldValueIRS element (for citing)
BOY$4,500BOYAmt
EOY$2,500EOYAmt

Form990 Total Assets Form990TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$188,413BOYAmt
EOY$256,373EOYAmt

Net Assets Or Fund Balances NetAssetsOrFundBalancesGrp

FieldValueIRS element (for citing)
BOY$188,413BOYAmt
EOY$256,373EOYAmt
FieldValueIRS element (for citing)
Primary Exempt PurposeTo provide scholarships to children to attend preschool.PrimaryExemptPurposeTxt

Program Srvc Accomplishment ProgramSrvcAccomplishmentGrp

FieldValueIRS element (for citing)
Description Program Srvc AccomThe First School Financial Aid Trust achieved its goal in providing a vast number of scholarships for children to attend an early childhood school in Santa Monica,CA. Without the financial assistance of the Fund, the donee families would be financially unable to provide for their children's attendance at the First School. Nine grants were made to qualifying parents during calendar year 2018.DescriptionProgramSrvcAccomTxt
Grants And Allocations$3,260GrantsAndAllocationsAmt
Program Service Expenses$51,600ProgramServiceExpensesAmt
FieldValueIRS element (for citing)
Total Program Service Expenses$3,260TotalProgramServiceExpensesAmt

Officer Director Trustee Empl OfficerDirectorTrusteeEmplGrp (7 entries)

TitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
Kim Israel
Trustee2.00$0
Kristyn Romans
Trustee2.00$0
Debra Sunshine
Trustee2.00$0
Clarissa Hoffman
Trustee2.00$0
Catherine Myman-Kaplan
Trustee2.00$0
Sarah Bromell
Trustee2.00$0
Katie Rivera
Treasurer2.00$0
FieldValueIRS element (for citing)
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Chg Made To Orgnzng Doc Not RptfalseChgMadeToOrgnzngDocNotRptInd
Organization Had UBIfalseOrganizationHadUBIInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Form1120 Pol FiledfalseForm1120PolFiledInd
Made Loans To From OfficersfalseMadeLoansToFromOfficersInd
Tax Imposed Under IRC4911$0TaxImposedUnderIRC4911Amt
Tax Imposed Under IRC4912$0TaxImposedUnderIRC4912Amt
Tax Imposed Under IRC4955$0TaxImposedUnderIRC4955Amt
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
Tax Imposed On Organization Mgr$0TaxImposedOnOrganizationMgrAmt
Tax Reimbursed By Organization$0TaxReimbursedByOrganizationAmt
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonKatie RiveraPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1330 S BarringtonAddressLine1Txt
CityLos AngelesCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90049ZIPCd
FieldValueIRS element (for citing)
Phone2134481340PhoneNum
FieldValueIRS element (for citing)
Foreign Financial AccountfalseForeignFinancialAccountInd
Foreign OfficefalseForeignOfficeInd
Donor Advised FndsfalseDonorAdvisedFndsInd
Operate HospitalfalseOperateHospitalInd
Tanning Services ProvidedfalseTanningServicesProvidedInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Transaction With Control EntfalseTransactionWithControlEntInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
School OperatingfalseSchoolOperatingInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Part VI Of Comp Of Hghst Pd EmplNONEPartVIOfCompOfHghstPdEmplTxt
Part VI Hghst Pd Cntrct Prof SrvcNONEPartVIHghstPdCntrctProfSrvcTxt
Filed Schedule AYes (true)FiledScheduleAInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Publicly Supported Org509a2Yes (X)PubliclySupportedOrg509a2Ind

Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$40,194CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$10,526CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$12,025CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$20,683CurrentTaxYearMinus1YearAmt
Current Tax Year$26,024CurrentTaxYearAmt
Total$109,452TotalAmt

Gross Receipts Admissions GrossReceiptsAdmissionsGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$78,982CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$109,115CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$104,456CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$123,385CurrentTaxYearMinus1YearAmt
Current Tax Year$130,362CurrentTaxYearAmt
Total$546,300TotalAmt

Gross Receipts Non Unrlt Bus GrossReceiptsNonUnrltBusGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Tax Rev Levied Orgnztnl Bnft509 TaxRevLeviedOrgnztnlBnft509Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Govt Furn Srvc Fclts Vl509 GovtFurnSrvcFcltsVl509Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Total509 Total509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$119,176CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$119,641CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$116,481CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$144,068CurrentTaxYearMinus1YearAmt
Current Tax Year$156,386CurrentTaxYearAmt
Total$655,752TotalAmt

Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Substantial Contributors Amt SubstantialContributorsAmtGrp

FieldValueIRS element (for citing)
Total$0TotalAmt
FieldValueIRS element (for citing)
Public Support Total509$655,752PublicSupportTotal509Amt

Gross Investment Income509 GrossInvestmentIncome509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$58CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$51CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$51CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$51CurrentTaxYearMinus1YearAmt
Current Tax Year$50CurrentTaxYearAmt
Total$261TotalAmt

Post1975 UBTI Post1975UBTIGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Investment Income And UBTI InvestmentIncomeAndUBTIGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$58CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$51CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$51CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$51CurrentTaxYearMinus1YearAmt
Current Tax Year$50CurrentTaxYearAmt
Total$261TotalAmt

Net Income From Other UBI NetIncomeFromOtherUBIGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Other Income509 OtherIncome509Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Total Support Calendar Year TotalSupportCalendarYearGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$119,234CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$119,692CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$116,532CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$144,119CurrentTaxYearMinus1YearAmt
Current Tax Year$156,436CurrentTaxYearAmt
Total$656,013TotalAmt
FieldValueIRS element (for citing)
Public Support CY5090.99960PublicSupportCY509Pct
Public Support PY5090.99940PublicSupportPY509Pct
Investment Income CY0.00040InvestmentIncomeCYPct
Investment Income PY0.00060InvestmentIncomePYPct
Thirty Thr Pct Suprt Tests CY509Yes (X)ThirtyThrPctSuprtTestsCY509Ind

Schedule G IRS990ScheduleG

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1Annual Fundraiser DinnerEvent1Nm
Gross Receipts Event1$116,949GrossReceiptsEvent1Amt
Gross Revenue Event1$116,949GrossRevenueEvent1Amt
Rent Facility Costs Event1$18,692RentFacilityCostsEvent1Amt
Other Direct Expenses Event1$11,276OtherDirectExpensesEvent1Amt
Event2Misc. FundraisingEvent2Nm
Gross Receipts Event2$13,413GrossReceiptsEvent2Amt
Gross Revenue Event2$13,413GrossRevenueEvent2Amt
Food And Beverage Event2$2,748FoodAndBeverageEvent2Amt
Gross Receipts Total$130,362GrossReceiptsTotalAmt
Gross Revenue Total Events$130,362GrossRevenueTotalEventsAmt
Rent Fclty Costs Total Events$18,692RentFcltyCostsTotalEventsAmt
Food And Beverage Total Events$2,748FoodAndBeverageTotalEventsAmt
Oth Direct Expnss Total Events$11,276OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$32,716DirectExpenseSummaryEventsAmt
Net Income Summary$97,646NetIncomeSummaryAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (11 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Client Note 1Client Note 1 - Statement of special events:A) Annual Fundraiser Dinner: The organization's main event consisting of dinner, music, entertainment, and an auction of goods and services. This event is the main source of the organization's scholarship funds.Financial Summary:Gross Receipts $ 116,949Direct Expenses 29,968Net Income $ 97,646
Grants and Similar Amounts Paid In Excess of $5,000.1| Donee's Name: Antonia & Israel Martinez | Donee's Address: 2627 S. Mansfield Los Angeles CA 90016 | Cash Amount Given: $8100
Grants and Similar Amounts Paid In Excess of $5,000.2| Donee's Name: Nooshin & Igal Bakshandeh | Donee's Address: 1538 N. Martel Los Angeles CA 90046 | Cash Amount Given: $8400
Grants and Similar Amounts Paid In Excess of $5,000.8| Donee's Name: A. Lopez & R. Perez | Donee's Address: 11715 Palms #1 Los Angeles CA 90066 | Cash Amount Given: $9600
Grants and Similar Amounts Paid In Excess of $5,000.9| Donee's Name: C. Calderon & C Strong | Donee's Address: 18645 Hatteras Tarzana CA 91356 | Cash Amount Given: $7500
Grants and Similar Amounts Paid In Excess of $5,000.15| Donee's Name: Megan Nankivel | Donee's Address: 1822 Washington Way Venice CA 90291 | Cash Amount Given: $6000
Grants and Similar Amounts Paid In Excess of $5,000.16| Donee's Name: Binyam Zewdie | Donee's Address: 9141 S. Garvey Inglewood CA 90305 | Cash Amount Given: $5700
Other Expenses.1012Insurance $1000
Other Expenses.1Professional Fees $3100
Other Expenses.2Governmental Fees $60
Other Assets.1Deposits - Beginning $4500 Deposits - Ending $2500

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