AOUNI FAKS FOUNDATION: Form 990PF, tax year 2019

View the entire original 990 at ProPublica ↗

Organization
AOUNI FAKS FOUNDATION (EIN 30-6004475)
Tax period
2019-01-01 to 2019-12-31
Filed
2020-11-13
IRS object ID
202033189349102058
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)
Return2020-11-13T09:36:32-08:00ReturnTs
Tax Period End2019-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN453958606PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Schreiber & Calvo CPAs PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1377 Oak St Ste 415AddressLine1Txt
CityGarden CityCityNm
State AbbreviationNYStateAbbreviationCd
ZIP115306553ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2019-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN306004475EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1AOUNI FAKS FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlAOUNBusinessNameControlTxt
Phone7188591110PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line14302 FARRAGUT ROADAddressLine1Txt
CityBROOKLYNCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11203ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDANIEL FAKSPersonNm
Person TitleTreasurerPersonTitleTxt
Signature2020-11-13SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMelvin S SchreiberPreparerPersonNm
PTINP00335001PTIN
Phone5164848700PhoneNum
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$796,234FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$60,000ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$1,076InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$1,076InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$24,169DividendsRevAndExpnssAmt
Dividends Net Invst Incm$24,169DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss-$18,734NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$164,522GrossSalesPriceAmt
Total Rev And Expnss$66,511TotalRevAndExpnssAmt
Total Net Invst Incm$25,245TotalNetInvstIncmAmt
Taxes Rev And Expnss$900TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss$127OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$127OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$1,027TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$127TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$47,193ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$47,193ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$48,220TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$127TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$47,193TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$18,291ExcessRevenueOverExpensesAmt
Net Investment Income$25,118NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$462,525SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$417,530SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$417,530SavAndTempCashInvstEOYFMVAmt
Corporate Bonds BOY$315,045CorporateBondsBOYAmt
Corporate Bonds EOY$378,331CorporateBondsEOYAmt
Corporate Bonds EOYFMV$378,704CorporateBondsEOYFMVAmt
Total Assets BOY$777,570TotalAssetsBOYAmt
Total Assets EOY$795,861TotalAssetsEOYAmt
Total Assets EOYFMV$796,234TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$777,570NoDonorRstrNetAssestsBOYAmt
Tot Net Ast Or Fund Balances BOY$777,570TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$795,861TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$777,570TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$795,861TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$777,570TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$18,291ExcessRevenueOverExpensesAmt
Subtotal$795,861SubtotalAmt
Tot Net Ast Or Fund Balances EOY$795,861TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
PropertyPUBLICLY TRADED SECURITIESPropertyDesc
Gross Sales Price$164,522GrossSalesPriceAmt
Cost Or Other Basis$183,256CostOrOtherBasisAmt
Gain Or Loss-$18,734GainOrLossAmt
Gains Minus Excess Or Losses-$18,734GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income-$18,734CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss-$18,734NetShortTermCapitalGainLossAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Net Vl Noncharitable Assets Yr1$682,982NetVlNoncharitableAssetsYr1Amt
Adjusted Qlfy Distri Yr2$49,872AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$657,468NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.07586DistributionYr2Rt
Net Vl Noncharitable Assets Yr3$610,542NetVlNoncharitableAssetsYr3Amt
Adjusted Qlfy Distri Yr4$49,872AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$592,871NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.08412DistributionYr4Rt
Adjusted Qlfy Distri Yr5$51,884AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$638,911NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.08121DistributionYr5Rt
Total Distribution0.241181TotalDistributionRt
Average Distribution0.048236AverageDistributionRt
Net Vl Noncharitable Assets$746,226NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$35,995AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$251NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$36,246AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$47,193QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eYes (X)DomesticOrgMeetingSect4940eInd
Investment Income Excise Tax$251InvestmentIncomeExciseTaxAmt
Subtotal$251SubtotalAmt
Tax Based On Investment Income$251TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$661EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$661TotalPaymentsAndCreditsAmt
Overpayment$410OverpaymentAmt
Applied To ES Tax$410AppliedToESTaxAmt

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 StateNYOrgReportOrRegisterStateCd
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 Line1DANIEL FAKSBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone7188591110PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line14302 FARRAGUT ROADAddressLine1Txt
CityBROOKLYNCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11203ZIPCd
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
DANIEL FAKS
4302 FARRAGUT ROADBROOKLYNNY11203Treasurer0.00$0
IBRAHIM FAKS
4302 FARRAGUT ROADBROOKLYNNY11203Vice President0.00$0
FREDDY FAKS
4302 FARRAGUT ROADBROOKLYNNY11203Secretary0.00$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$358,163AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$399,427AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$757,590TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$757,590AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$11,364CashDeemedCharitableAmt
Net Vl Noncharitable Assets$746,226NetVlNoncharitableAssetsAmt
Minimum Investment Return$37,311MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$37,311MinimumInvestmentReturnAmt
Tax Based On Investment Income$251TaxBasedOnInvestmentIncomeAmt
Total Tax$251TotalTaxAmt
Distributable Before Adj$37,060DistributableBeforeAdjAmt
Distributable Before Ded$37,060DistributableBeforeDedAmt
Distributable As Adjusted$37,060DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$47,193ExpensesAndContributionsAmt
Qualifying Distributions$47,193QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm$251PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri$46,942AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$37,060DistributableAsAdjustedAmt
Undistributed Income PY$22,974UndistributedIncomePYAmt
Qualifying Distributions$47,193QualifyingDistributionsAmt
Applied To Year1$22,974AppliedToYear1Amt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$24,219AppliedToCurrentYearAmt
Undistributed Income CY$12,841UndistributedIncomeCYAmt

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 Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
SEPHARDIC LEBANESE CONGREGATION INC
805 AVENUE TBROOKLYNNY11223PCHELP A SYNAGOGUE WITH ITS BUDGET$42,193
YESOD HATORAH
333 LAWRENCE AVENUELAKEWOODNJ08701PCFUNDS FOR EDUCATIONAL INSTITUTIONS AND THEIR ACTIVITIES$5,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$47,193TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$1,076ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$24,169ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion-$18,734ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$6,511ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$6,511TotalIncomeProducingActyAmt

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 Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1WORLD OF CHANTILLY INCBusinessNameLine1Txt

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line14302 FARRAGUT ROADAddressLine1Txt
CityBROOKLYNCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11203ZIPCd
FieldValueIRS element (for citing)
Total Contributions$60,000TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule

Investments Corporate Bonds InvestmentsCorporateBondsGrp (16 entries)

BondBondNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
MPLX LP BOND$41,203$40,300
JPMORGAN CHASE & CO BONDS$4,096$4,036
BANCO MERCANTILE DEL NORTE BOND$10,473$10,450
PETROLEOS MEXICANOS MTN$35,003$32,760
SOFTBANK GROUP CORP BOND$24,253$24,075
SOFTBANK GROUP CORP NOTE$14,553$15,204
YPF SOCIEDAD ANONIMA BOND$25,923$23,700
DCP MIDSTREAM LP BOND$45,833$47,000
ENERGY TRANSFER OPERATING LP BOND$18,753$18,900
GENERAL MTRS FINL CO INC BOND$47,211$50,875
HSBC HLDGS PLC NOTE$15,584$15,975
UBS GROUP AG BOND$23,878$24,550
ARCOR S.A.I.C. NOTE$19,593$19,300
REDWOOD TR INC NOTE$10,256$10,187
SOFTBANK GROUP CORP NOTE$15,153$15,204
FREEPORT-MCMORAN INC NOTE$26,566$26,188

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescINVESTMENT EXPENSESDesc
Revenue And Expenses Per Books$127RevenueAndExpensesPerBooksAmt
Net Investment Income$127NetInvestmentIncomeAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmt
EXCISE TAX$800
NYS FILING FEE$100

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