AOUNI FAKS FOUNDATION: Form 990PF, tax year 2018

View the entire original 990 at ProPublica ↗

Organization
AOUNI FAKS FOUNDATION (EIN 30-6004475)
Tax period
2018-01-01 to 2018-12-31
Filed
2019-11-15
IRS object ID
201903199349106225
Schema version
2018v3.1
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)
Return2019-11-15T19:16:29-08:00ReturnTs
Tax Period End2018-12-31TaxPeriodEndDt

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 Begin2018-01-01TaxPeriodBeginDt

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
Signature2019-11-15SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMelvin S SchreiberPreparerPersonNm
PTINP00335001PTIN
Phone5164848700PhoneNum
FieldValueIRS element (for citing)
Tax2018TaxYr
Build TS2020-03-31 21:24:44ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$737,067FMVAssetsEOYAmt
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$1,083InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$1,083InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$16,250DividendsRevAndExpnssAmt
Dividends Net Invst Incm$16,250DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss-$3,508NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$128,894GrossSalesPriceAmt
Total Rev And Expnss$73,825TotalRevAndExpnssAmt
Total Net Invst Incm$17,333TotalNetInvstIncmAmt
Other Expenses Rev And Expnss$127OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$127OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$127TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$127TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$0ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$0ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$127TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$127TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$0TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$73,698ExcessRevenueOverExpensesAmt
Net Investment Income$17,206NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$465,671SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$462,525SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$462,525SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$13,178CorporateStockBOYAmt
Corporate Bonds BOY$225,023CorporateBondsBOYAmt
Corporate Bonds EOY$315,045CorporateBondsEOYAmt
Corporate Bonds EOYFMV$274,542CorporateBondsEOYFMVAmt
Total Assets BOY$703,872TotalAssetsBOYAmt
Total Assets EOY$777,570TotalAssetsEOYAmt
Total Assets EOYFMV$737,067TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind
Unrestricted BOY$703,872UnrestrictedBOYAmt
Unrestricted EOY$777,570UnrestrictedEOYAmt
Tot Net Ast Or Fund Balances BOY$703,872TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$777,570TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$703,872TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$777,570TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$703,872TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$73,698ExcessRevenueOverExpensesAmt
Subtotal$777,570SubtotalAmt
Tot Net Ast Or Fund Balances EOY$777,570TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (6 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
HSBC HOLDINGS PLC 8.125%P2008-04-292018-06-04$12,500$13,178-$678-$678
AXA BOND REG S CALL 6.463%P2015-06-082018-03-29$29,397$31,353-$1,956-$1,956
BANK AMER CORP BOND 5.2%P2016-09-222018-02-22$24,997$24,653$344$344
FREEPORT-MCMORAN INC NOTE CALLP2016-04-262018-03-15$9,000$8,643$357$357
INTERNATIONAL LEASE FIN CORP 3.875P2015-02-182018-04-16$50,000$51,503-$1,503-$1,503
JPMORGAN CHASE & CO BOND 5.99038%P2008-04-292018-10-30$3,000$3,072-$72-$72
FieldValueIRS element (for citing)
Capital Gain Net Income-$3,508CapitalGainNetIncomeAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$49,872AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$657,468NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.07586DistributionYr1Rt
Net Vl Noncharitable Assets Yr2$610,542NetVlNoncharitableAssetsYr2Amt
Adjusted Qlfy Distri Yr3$49,872AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$592,871NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.08412DistributionYr3Rt
Adjusted Qlfy Distri Yr4$51,884AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$638,911NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.08121DistributionYr4Rt
Adjusted Qlfy Distri Yr5$5,000AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$583,768NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.00857DistributionYr5Rt
Total Distribution0.249746TotalDistributionRt
Average Distribution0.049949AverageDistributionRt
Net Vl Noncharitable Assets$682,982NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$34,114AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$172NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$34,286AdjNonchrtblNetInvstIncmPctAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$344InvestmentIncomeExciseTaxAmt
Subtotal$344SubtotalAmt
Tax Based On Investment Income$344TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$205EstimatedPlusOvpmtIncmTxAmt
Extsn Request Income Tax Paid$800ExtsnRequestIncomeTaxPaidAmt
Total Payments And Credits$1,005TotalPaymentsAndCreditsAmt
Overpayment$661OverpaymentAmt
Applied To ES Tax$661AppliedToESTaxAmt

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
Form990 T FiledfalseForm990TFiledInd
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
Undistr Incm Sect4942a2 Not AppfalseUndistrIncmSect4942a2NotAppInd
Business HoldingsfalseBusinessHoldingsInd
Excess Business HoldingsfalseExcessBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Transactions Fail To Qlfy As ExcfalseTransactionsFailToQlfyAsExcInd
Maintained Expenditure RspnsfalseMaintainedExpenditureRspnsInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Proceeds Or Net IncomefalseProceedsOrNetIncomeInd
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$218,071AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$475,312AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$693,383TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$693,383AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$10,401CashDeemedCharitableAmt
Net Vl Noncharitable Assets$682,982NetVlNoncharitableAssetsAmt
Minimum Investment Return$34,149MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$34,149MinimumInvestmentReturnAmt
Tax Based On Investment Income$344TaxBasedOnInvestmentIncomeAmt
Total Tax$344TotalTaxAmt
Distributable Before Adj$33,805DistributableBeforeAdjAmt
Distributable Before Ded$33,805DistributableBeforeDedAmt
Distributable As Adjusted$33,805DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$0ExpensesAndContributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$33,805DistributableAsAdjustedAmt
Excess Distribution Cyov Yr1$10,831ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$10,831TotalExcessDistributionCyovAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Excess Distri Cyov App CY Corpus$10,831ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$10,831ExcessDistributionCyovAppCYAmt
Undistributed Income CY$22,974UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

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

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$1,083ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$16,250ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion-$3,508ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$13,825ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$13,825TotalIncomeProducingActyAmt

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 (17 entries)

BondBondNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
ANDEAVOR LOGISTICS LP BOND$41,203$35,600
ARGENTINA REP BOND$31,503$22,110
AXA REG S CALL
BANK AMERICA CORP
FREEPORT-MCMORAN INC NOTE
HSBC HOLDINGS PLC BOND$15,734$14,531
INTERNATIONAL LEASE FIN CORP
JPMORGAN CHASE & CO BONDS$7,168$6,904
REDWOOD TRUST INC BOND$10,191$9,162
BANCO MERCANTILE DEL NORTE BOND$10,473$9,675
BNP PARIBAS BOND$10,004$9,750
PETROLEOS MEICANOS MTN$35,003$28,788
SOFTBANK GROUP CORP BOND$24,253$20,175
SOFTBANK GROUP CORP NOTE$14,553$14,203
FREEPORT-MCMORAN INC NOTE$24,909$23,063
PETROBRAS GLBL NOTE$64,128$59,131
YPF SOCIEDAD ANONIMA BOND$25,923$21,450

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

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

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