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

View the entire original 990 at ProPublica ↗

Organization: LEIBEL FAMILY FOUNDATION INC (EIN 26-1079404)
Tax period: 2019-01-01 to 2019-12-31
Filed: 2020-11-25
IRS object ID: 202033309349100703
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
Form 990-PF
Investments Corp Stock Schedule
Other Expenses Schedule
Other Increases Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2020-11-25T14:21:44-06:00	ReturnTs
Tax Period End	2019-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	113090078	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	ZELL & ETTINGER CPA'S	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	3001 AVENUE M	AddressLine1Txt
City	BROOKLYN	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	112104744	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnTypeCd
Tax Period Begin	2019-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	261079404	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	LEIBEL FAMILY FOUNDATION	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	LEIB	BusinessNameControlTxt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1276 50TH STREET	AddressLine1Txt
City	BROOKLYN	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	11219	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	HERBERT LEIBEL	PersonNm
Person Title	DIRECTOR	PersonTitleTxt
Signature	2020-11-11	SignatureDt

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	JEFFREY ZELL	PreparerPersonNm
PTIN	P00292878	PTIN
Phone	7186921212	PhoneNum
Preparation	2020-11-25	PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

Field	Value	IRS element (for citing)
I Pv4 Address	100.2.44.235	IPv4AddressTxt

Field	Value	IRS element (for citing)
IP	2020-11-25	IPDt
IP Tm	14:21:44	IPTm
IP Timezone	CS	IPTimezoneCd
Filing License Type	P	FilingLicenseTypeCd
At Submission Creation Device Id	48D2BA8430426A684DC7DC701C534AA9F1FA7B89	AtSubmissionCreationDeviceId
At Submission Filing Device Id	FD758198736C69DC8C8C916224C59CD6E1867DE4	AtSubmissionFilingDeviceId

Field	Value	IRS element (for citing)
Tax	2019	TaxYr
Build TS	2021-04-22 16:20:28Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
FMV Assets EOY	$1,213,224	FMVAssetsEOYAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Schedule B Not Required	Yes (X)	ScheduleBNotRequiredInd
Total Rev And Expnss	$0	TotalRevAndExpnssAmt
Total Net Invst Incm	$0	TotalNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss	$0	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$0	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$0	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$159,401	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$159,401	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$159,401	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$0	TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl	$159,401	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	-$159,401	ExcessRevenueOverExpensesAmt
Net Investment Income	$0	NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Cash BOY	$31	CashBOYAmt
Cash EOY	$31	CashEOYAmt
Cash EOYFMV	$31	CashEOYFMVAmt
Corporate Stock BOY	$1,280,139	CorporateStockBOYAmt
Corporate Stock EOY	$1,213,193	CorporateStockEOYAmt
Corporate Stock EOYFMV	$1,213,193	CorporateStockEOYFMVAmt
Total Assets BOY	$1,280,170	TotalAssetsBOYAmt
Total Assets EOY	$1,213,224	TotalAssetsEOYAmt
Total Assets EOYFMV	$1,213,224	TotalAssetsEOYFMVAmt
Total Liabilities EOY	$0	TotalLiabilitiesEOYAmt
Organization Follows FASB117	Yes (X)	OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY	$1,280,170	NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY	$1,213,224	NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY	$1,280,170	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$1,213,224	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$1,280,170	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$1,213,224	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$1,280,170	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	-$159,401	ExcessRevenueOverExpensesAmt
Other Increases	$92,455	OtherIncreasesAmt
Subtotal	$1,213,224	SubtotalAmt
Tot Net Ast Or Fund Balances EOY	$1,213,224	TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

Field	Value	IRS element (for citing)
Liable Section4942 Tax	false	LiableSection4942TaxInd
Adjusted Qlfy Distri Yr1	$398,662	AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1	$1,441,164	NetVlNoncharitableAssetsYr1Amt
Distribution Yr1	0.276625	DistributionYr1Rt
Adjusted Qlfy Distri Yr2	$236,245	AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2	$1,582,623	NetVlNoncharitableAssetsYr2Amt
Distribution Yr2	0.149274	DistributionYr2Rt
Adjusted Qlfy Distri Yr3	$122,000	AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3	$1,441,532	NetVlNoncharitableAssetsYr3Amt
Distribution Yr3	0.084632	DistributionYr3Rt
Adjusted Qlfy Distri Yr4	$137,402	AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4	$1,543,401	NetVlNoncharitableAssetsYr4Amt
Distribution Yr4	0.089025	DistributionYr4Rt
Adjusted Qlfy Distri Yr5	$75,300	AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5	$1,564,532	NetVlNoncharitableAssetsYr5Amt
Distribution Yr5	0.048129	DistributionYr5Rt
Total Distribution	0.647685	TotalDistributionRt
Average Distribution	0.129537	AverageDistributionRt
Net Vl Noncharitable Assets	$1,227,997	NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets	$159,071	AdjNetVlNoncharitableAssetsAmt
Adj Nonchrtbl Net Invst Incm Pct	$159,071	AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions	$159,401	QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Domestic Org Meeting Sect4940e	Yes (X)	DomesticOrgMeetingSect4940eInd
Investment Income Excise Tax	$0	InvestmentIncomeExciseTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

Field	Value	IRS element (for citing)
Legislative Political Acty	false	LegislativePoliticalActyInd
More Than100 Spent	false	MoreThan100SpentInd
Form1120 POL Filed	false	Form1120POLFiledInd
Activities Not Previously Rpt	false	ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws	false	ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit	false	UnrelatedBusIncmOverLimitInd
Organization Dissolved Etc	false	OrganizationDissolvedEtcInd
Section508e Rqr Satisfied	Yes (true)	Section508eRqrSatisfiedInd
At Least5000 In Assets	Yes (true)	AtLeast5000InAssetsInd
Org Report Or Register State	NY	OrgReportOrRegisterStateCd
Form990 PF Filed With Atty Gen	Yes (true)	Form990PFFiledWithAttyGenInd
Private Operating Foundation	false	PrivateOperatingFoundationInd
New Substantial Contributors	false	NewSubstantialContributorsInd
Own Controlled Entity	false	OwnControlledEntityInd
Donor Advised Fund	false	DonorAdvisedFundInd
Comply With Public Insp Rqr	Yes (true)	ComplyWithPublicInspRqrInd
Website Address	N/A	WebsiteAddressTxt
Individual With Books	THE ORGANIZATION	IndividualWithBooksNm
Phone	7188539800	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	1276 50TH STREET	AddressLine1Txt
City	BROOKLYN	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	11219	ZIPCd

Field	Value	IRS element (for citing)
Foreign Accounts Question	false	ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Field	Value	IRS element (for citing)
Sale Or Exch Disqualified Prsn	false	SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn	false	BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified Prsn	false	FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified Prsn	false	PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn	false	TransferAstDisqualifiedPrsnInd
Payment To Government Official	false	PaymentToGovernmentOfficialInd
Undistributed Income PY	false	UndistributedIncomePYInd
Business Holdings	false	BusinessHoldingsInd
Jeopardy Investments	false	JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst	false	UncorrectedPYJeopardyInvstInd
Influence Legislation	false	InfluenceLegislationInd
Influence Election	false	InfluenceElectionInd
Grants To Individuals	false	GrantsToIndividualsInd
Grants To Organizations	false	GrantsToOrganizationsInd
Noncharitable Purpose	false	NoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	false	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	false	PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht Pymt	false	SubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (7 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	TitleTitleTxt	Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt	CompensationCompensationAmt	Employee Benefit ProgramEmployeeBenefitProgramAmt	Expense Account Other AllwncExpenseAccountOtherAllwncAmt
HERBERT LEIBEL
1276 50TH STREET	BROOKLYN	NY	11219	DIRECTOR	000.00	$0	$0	$0
MALKA LEV
1276 50TH STREET	BROOKLYN	NY	11219	DIRECTOR	000.00	$0	$0	$0
ARI LEIBEL
1276 50TH STREET	BROOKLYN	NY	11219	DIRECTOR	000.00	$0	$0	$0
CHANA KAUFMAN
1276 50TH STREET	BROOKLYN	NY	11219	DIRECTOR	000.00	$0	$0	$0
DINA KAUFMAN
1276 50TH STREET	BROOKLYN	NY	11219	DIRECTOR	000.00	$0	$0	$0
CHAYA EHRMAN
1276 50TH STREET	BROOKLYN	NY	11219	DIRECTOR	000.00	$0	$0	$0
SARAH WILLNER
1276 50TH STREET	BROOKLYN	NY	11219	DIRECTOR	000.00	$0	$0	$0

Field	Value	IRS element (for citing)
Comp Of Hghst Pd Empl Or NONE	NONE	CompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONE	NONE	CompOfHghstPdCntrctOrNONETxt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

Field	Value	IRS element (for citing)
Description1	N/A	Description1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

Field	Value	IRS element (for citing)
Average Monthly FMV Of Sec	$1,246,666	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$31	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$0	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$1,246,697	TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast	$1,246,697	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$18,700	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$1,227,997	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$61,400	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$61,400	MinimumInvestmentReturnAmt
Distributable Before Adj	$61,400	DistributableBeforeAdjAmt
Distributable Before Ded	$61,400	DistributableBeforeDedAmt
Distributable As Adjusted	$61,400	DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$159,401	ExpensesAndContributionsAmt
Qualifying Distributions	$159,401	QualifyingDistributionsAmt
Adjusted Qualifying Distri	$159,401	AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$61,400	DistributableAsAdjustedAmt
Excess Distribution Cyov Yr4	$60,232	ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3	$49,923	ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2	$157,114	ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1	$326,604	ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov	$593,873	TotalExcessDistributionCyovAmt
Qualifying Distributions	$159,401	QualifyingDistributionsAmt
Applied To Current Year	$61,400	AppliedToCurrentYearAmt
Remaining Distri From Corpus	$98,001	RemainingDistriFromCorpusAmt
Total Corpus	$691,874	TotalCorpusAmt
Undistributed Income CY	$0	UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr	$691,874	ExcessDistriCyovToNextYrAmt
Excess From Year4	$60,232	ExcessFromYear4Amt
Excess From Year3	$49,923	ExcessFromYear3Amt
Excess From Year2	$157,114	ExcessFromYear2Amt
Excess From Year1	$326,604	ExcessFromYear1Amt
Excess From Current Year	$98,001	ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

Application Submission Info ApplicationSubmissionInfoGrp

Field	Value	IRS element (for citing)
Recipient Person	THE FOUNDATION	RecipientPersonNm

Recipient US Address RecipientUSAddress

Field	Value	IRS element (for citing)
Address Line1	1276 50TH STREET	AddressLine1Txt
City	BROOKLYN	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	11219	ZIPCd

Field	Value	IRS element (for citing)
Recipient Phone	7188539800	RecipientPhoneNum
Form And Info And Materials	N/A	FormAndInfoAndMaterialsTxt
Submission Deadlines	N/A	SubmissionDeadlinesTxt
Restrictions On Awards	N/A	RestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (2 entries)

Address Line1RecipientUSAddress/AddressLine1Txt	CityRecipientUSAddress/CityNm	State AbbreviationRecipientUSAddress/StateAbbreviationCd	ZIPRecipientUSAddress/ZIPCd	Recipient RelationshipRecipientRelationshipTxt	Recipient Foundation StatusRecipientFoundationStatusTxt	Grant Or Contribution PurposeGrantOrContributionPurposeTxt	AmtAmt
CHARLES SCHAB CHARITABLE FOUNDATION
1276 60TH STREET	BROOKLYN	NY	11219	NONE	EXEMPT	CHARITABLE	$60,000
YAD ELIEZER
410 GLENN ROAD	JACKSON	NJ	08527	NONE	EXEMPT	CHARITABLE	$99,401

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$159,401	TotalGrantOrContriPdDurYrAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Field	Value	IRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO	false	TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO	false	TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets	false	SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO	false	PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets	false	RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements	false	ReimbursementArrangementsInd
Loans Or Loan Guarantees	false	LoansOrLoanGuaranteesInd
Performance Of Services Etc	false	PerformanceOfServicesEtcInd
Sharing Of Facilities Etc	false	SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO	false	RelationshipsNonchrtblEOInd

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

Field	Value	IRS element (for citing)
Stock	BERKSHIRE HATHAWAY	StockNm
EOY Book Value	$1,213,193	EOYBookValueAmt
EOYFMV	$1,213,193	EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDesc
EXPENSES
BANK & CREDIT CARD FEES

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

Field	Value	IRS element (for citing)
Desc	INCREASE IN MARKET VALUE	Desc
Amt	$92,455	Amt

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

Return header ReturnHeader

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

Preparer US Address PreparerUSAddress

Filer Filer

Business Name BusinessName

US Address USAddress

Business Officer BusinessOfficerGrp

Preparer Person PreparerPersonGrp

Filing Security Information FilingSecurityInformation

IP Address IPAddress

Form 990-PF IRS990PF

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Statements Regarding Acty StatementsRegardingActyGrp

Location Of Books US Address LocationOfBooksUSAddress

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (7 entries)

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

Minimum Investment Return MinimumInvestmentReturnGrp

Distributable Amount DistributableAmountGrp

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

Undistributed Income UndistributedIncomeGrp

Supplementary Information SupplementaryInformationGrp

Application Submission Info ApplicationSubmissionInfoGrp

Recipient US Address RecipientUSAddress

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (2 entries)

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

Comments