SIPOS FOUNDATION INC: Form 990PF, tax year 2019

View the entire original 990 at ProPublica ↗

Organization
SIPOS FOUNDATION INC (EIN 23-7316423)
Tax period
2019-01-01 to 2019-12-31
Filed
2020-08-31
IRS object ID
202022449349100522
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)
Return2020-08-31T13:42:42-07:00ReturnTs
Tax Period End2019-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN204105798PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1BEHAR & COMPANYBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1150 BROADHOLLOW RD STE PH-12AddressLine1Txt
CityMELVILLECityNm
State AbbreviationNYStateAbbreviationCd
ZIP11747ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2019-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN237316423EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE SIPOS FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlSIPOBusinessNameControlTxt
Phone5168129411PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12035 OCEAN BLVDAddressLine1Txt
CityATLANTIC BEACHCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11509ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonHOWARD TAUBPersonNm
Person TitleVice PresidentPersonTitleTxt
Signature2020-08-31SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonEDWARD J BEHARPreparerPersonNm
PTINP00455255PTIN
Phone6314707977PhoneNum
FieldValueIRS element (for citing)
Tax2019TaxYr
Build TS2020-11-19 02:30:22ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$104,089FMVAssetsEOYAmt
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$3,882DividendsRevAndExpnssAmt
Dividends Net Invst Incm$3,882DividendsNetInvstIncmAmt
Dividends Adj Net Incm$3,882DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss-$1,297NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$24,473GrossSalesPriceAmt
Total Rev And Expnss$2,585TotalRevAndExpnssAmt
Total Net Invst Incm$3,882TotalNetInvstIncmAmt
Total Adj Net Incm$3,882TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$650AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$650AccountingFeesNetInvstIncmAmt
Taxes Rev And Expnss$141TaxesRevAndExpnssAmt
Taxes Net Invst Incm$14TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss$1,190OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$1,190OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$1,981TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$1,854TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$10,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$10,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$11,981TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$1,854TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$10,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$9,396ExcessRevenueOverExpensesAmt
Net Investment Income$2,028NetInvestmentIncomeAmt
Adjusted Net Income$3,882AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$3,927SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$5,827SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$5,827SavAndTempCashInvstEOYFMVAmt
Other Investments BOY$97,019OtherInvestmentsBOYAmt
Other Investments EOY$85,723OtherInvestmentsEOYAmt
Other Investments EOYFMV$98,262OtherInvestmentsEOYFMVAmt
Total Assets BOY$100,946TotalAssetsBOYAmt
Total Assets EOY$91,550TotalAssetsEOYAmt
Total Assets EOYFMV$104,089TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$100,946NoDonorRstrNetAssestsBOYAmt
Tot Net Ast Or Fund Balances BOY$100,946TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$91,550TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$100,946TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$91,550TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$100,946TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$9,396ExcessRevenueOverExpensesAmt
Subtotal$91,550SubtotalAmt
Tot Net Ast Or Fund Balances EOY$91,550TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (7 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
801.843 LORD ABB ULT SHT BD FP2019-11-112019-04-10$8,034$8,011$23$23
134.021 PGIM SH DUR MULT BD ZP2018-11-052019-06-11$1,300$1,276$24$24
148.588 INVESCO OPN MLP SELP2013-10-102019-11-25$1,000$1,174-$174-$174
502.874 INVESCO OPN MLP SELP2019-11-112019-12-20$3,500$4,087-$587-$587
564.334 EV HI INC OPPP2015-12-092019-12-06$2,500$2,410$90$90
143 ISHS INTL SEL DIVP2013-10-102019-11-18$4,639$5,259-$620-$620
351.759 PRIN SPCTRM PFD & CAPP2013-10-102019-04-26$3,500$3,553-$53-$53
FieldValueIRS element (for citing)
Capital Gain Net Income-$1,297CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss-$540NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$41InvestmentIncomeExciseTaxAmt
Subtotal$41SubtotalAmt
Tax Based On Investment Income$41TaxBasedOnInvestmentIncomeAmt
Tax Due$41TaxDueAmt

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 SatisfiedfalseSection508eRqrSatisfiedInd
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 Line1HOWARD TAUBBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone5168129411PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line12035 OCEAN BLVDAddressLine1Txt
CityATLANTIC BEACHCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11509ZIPCd
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 (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
STEPHANIE TAUB
PO BOX 269ATLANTIC BEACHNY11509Vice President1.00$0
NEIL SIPOS
PO BOX 269ATLANTIC BEACHNY11509Vice President1.00$0
HOWARD TAUB
PO BOX 269ATLANTIC BEACHNY11509Vice President1.00$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$0AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$0TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$0AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$0CashDeemedCharitableAmt
Net Vl Noncharitable Assets$0NetVlNoncharitableAssetsAmt
Minimum Investment Return$0MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Tax Based On Investment Income$41TaxBasedOnInvestmentIncomeAmt
Total Tax$41TotalTaxAmt
Distributable Before Adj$41DistributableBeforeAdjAmt
Distributable Before Ded$41DistributableBeforeDedAmt
Distributable As Adjusted$0DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$10,000ExpensesAndContributionsAmt
Qualifying Distributions$10,000QualifyingDistributionsAmt
Adjusted Qualifying Distri$10,000AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$0DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$13,143ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$6,750ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$10,300ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$6,450ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$6,493ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$43,136TotalExcessDistributionCyovAmt
Qualifying Distributions$10,000QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Remaining Distri From Corpus$10,000RemainingDistriFromCorpusAmt
Total Corpus$53,136TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$13,143ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$39,993ExcessDistriCyovToNextYrAmt
Excess From Year4$6,750ExcessFromYear4Amt
Excess From Year3$10,300ExcessFromYear3Amt
Excess From Year2$6,450ExcessFromYear2Amt
Excess From Year1$6,493ExcessFromYear1Amt
Excess From Current Year$10,000ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (7 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
PACIFIC HEART
2001 SANTA MONICA BLVDSANTA MONICACA90104GENERAL PURPOSE CONTRIBUTION$1,000
ATLANTIC BEACH CATS
PO BOX 189ATLANTIC BEACHNY11509GENERAL PURPOSE CONTRIBUTION$250
TEMPLE ISRAEL
2655 CLUBHOUSE ROADMERRICKNY11566GENERAL PURPOSE CONTRIBUTION$500
KELLENBERG MEMORIAL
1400 GLENN CURTISS BLVDUNIONDALENY11553GENERAL PURPOSE CONTRIBUTION$250
LEUKEMIA LYMPHOMA SOCIETY
3 INTERNATIONAL DRIVERYE BROOKNY10573GENERAL PURPOSE$500
TEMPLE AM ECHAD
1 Saperstein PlazaLynbrookNY11563GENERAL PURPOSE CONTRIBUTION$6,000
MEDICAL EMPLOYER FOUNDATION
2035 OCEAN BLVDATLANTIC BEACHNY11509GENERAL PURPOSE CONTRIBUTION$1,500
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$10,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$3,882RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm-$1,297RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$2,585RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$2,585TotalIncomeProducingActyAmt

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)
Amt$650Amt
Net Investment Income$650NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescINVESTMENT EXPENSESDesc
Revenue And Expenses Per Books$1,190RevenueAndExpensesPerBooksAmt
Net Investment Income$1,190NetInvestmentIncomeAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (3 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmt
FEDERAL TAX$77
FOREIGN TAX PAID$14$14
NEW YORK TAX$50

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