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MENLO FOUNDATION INC: Form 990PF, tax year 2017

View the entire original 990 at ProPublica ↗

Organization
MENLO FOUNDATION INC (EIN 95-3388159)
Tax period
2017-12-01 to 2018-11-30
Filed
2019-07-29
IRS object ID
201902109349100740
Schema version
2017v2.3
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)
Return2019-07-29T16:59:05-05:00ReturnTs
Tax Period End2018-11-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN461587174PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1GOLDFINGER TSIKMAN ACCOUNTANCY CORPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line15455 WILSHIRE BLVD STE 914AddressLine1Txt
CityLOS ANGELESCityNm
State AbbreviationCAStateAbbreviationCd
ZIP900364236ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2017-12-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN953388159EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1MENLO FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlMENLBusinessNameControlTxt
Phone3239371050PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line14221 WILSHIRE BLVD SUITE 480AddressLine1Txt
CityLOS ANGELESCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90010ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonFRANKLIN H MENLOPersonNm
Person TitleCEOPersonTitleTxt
Phone3239371050PhoneNum
Signature2019-06-24SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonPOLINA TSIKMANPreparerPersonNm
PTINP00634963PTIN
Phone3234561888PhoneNum
Preparation2019-07-29PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address216.240.42.38IPv4AddressTxt
FieldValueIRS element (for citing)
IP2019-07-29IPDt
IP Tm16:59:05IPTm
IP TimezoneCDIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device IdF6A9D4A7196EBFB407790530D8FA812318CE1530AtSubmissionCreationDeviceId
At Submission Filing Device IdF6A9D4A7196EBFB407790530D8FA812318CE1530AtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2017TaxYr
Build TS2019-02-21 02:37:17ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$200,549FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$5,045,012ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$2InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$2InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$2InterestOnSavingsAdjNetIncmAmt
Total Rev And Expnss$5,045,014TotalRevAndExpnssAmt
Total Net Invst Incm$2TotalNetInvstIncmAmt
Total Adj Net Incm$2TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$5,150AccountingFeesRevAndExpnssAmt
Other Expenses Rev And Expnss$180OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$5,330TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$4,999,488ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$4,999,488ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$5,004,818TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$4,999,488TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$40,196ExcessRevenueOverExpensesAmt
Net Investment Income$2NetInvestmentIncomeAmt
Adjusted Net Income$2AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$145,053CashBOYAmt
Cash EOY$190,049CashEOYAmt
Cash EOYFMV$190,049CashEOYFMVAmt
Other Nts And Loans Rcvbl$10,500OtherNtsAndLoansRcvblAmt
Other Nts And Loans Rcvbl BOY$13,500OtherNtsAndLoansRcvblBOYAmt
Other Nts And Loans Rcvbl EOY$10,500OtherNtsAndLoansRcvblEOYAmt
Other Nts And Loans Rcvbl EOYFMV$10,500OtherNtsAndLoansRcvblEOYFMVAmt
Other Assets BOY$1,800OtherAssetsBOYAmt
Total Assets BOY$160,353TotalAssetsBOYAmt
Total Assets EOY$200,549TotalAssetsEOYAmt
Total Assets EOYFMV$200,549TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind
Unrestricted BOY$160,353UnrestrictedBOYAmt
Unrestricted EOY$200,549UnrestrictedEOYAmt
Tot Net Ast Or Fund Balances BOY$160,353TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$200,549TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$160,353TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$200,549TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$160,353TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$40,196ExcessRevenueOverExpensesAmt
Subtotal$200,549SubtotalAmt
Tot Net Ast Or Fund Balances EOY$200,549TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$4,684,373AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$359,731NetVlNoncharitableAssetsYr1Amt
Distribution Yr113.021877DistributionYr1Rt
Adjusted Qlfy Distri Yr2$4,297,612AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$301,029NetVlNoncharitableAssetsYr2Amt
Distribution Yr214.276405DistributionYr2Rt
Adjusted Qlfy Distri Yr3$4,421,215AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$342,359NetVlNoncharitableAssetsYr3Amt
Distribution Yr312.913973DistributionYr3Rt
Adjusted Qlfy Distri Yr4$5,329,953AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$258,759NetVlNoncharitableAssetsYr4Amt
Distribution Yr420.598136DistributionYr4Rt
Adjusted Qlfy Distri Yr5$6,623,512AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$258,759NetVlNoncharitableAssetsYr5Amt
Distribution Yr525.597224DistributionYr5Rt
Total Distribution86.407615TotalDistributionRt
Average Distribution17.281523AverageDistributionRt
Net Vl Noncharitable Assets$165,038NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$2,852,108AdjNetVlNoncharitableAssetsAmt
Adj Nonchrtbl Net Invst Incm Pct$2,852,108AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$4,999,488QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eYes (X)DomesticOrgMeetingSect4940eInd
Investment Income Excise Tax$0InvestmentIncomeExciseTaxAmt

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 StateCAOrgReportOrRegisterStateCd
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
Individual With BooksFRANKLIN H MENLOIndividualWithBooksNm
Phone3239371050PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line14221 WILSHIRE BLVD SUITE 480AddressLine1Txt
CityLOS ANGELESCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90010ZIPCd
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
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

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
VERA MENLO
4221 WILSHIRE BLVD SUITE 480LOS ANGELESCA90010DIRECTOR2.00$0$0$0
FRANKLIN H MENLO
4221 WILSHIRE BLVD SUITE 480LOS ANGELESCA90010CEO2.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$167,551AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$167,551TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$167,551AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$2,513CashDeemedCharitableAmt
Net Vl Noncharitable Assets$165,038NetVlNoncharitableAssetsAmt
Minimum Investment Return$8,252MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$8,252MinimumInvestmentReturnAmt
Distributable Before Adj$8,252DistributableBeforeAdjAmt
Distributable Before Ded$8,252DistributableBeforeDedAmt
Distributable As Adjusted$8,252DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$4,999,488ExpensesAndContributionsAmt
Qualifying Distributions$4,999,488QualifyingDistributionsAmt
Adjusted Qualifying Distri$4,999,488AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$8,252DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$6,610,574ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$5,317,015ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$4,404,097ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$4,282,561ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$4,666,386ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$25,280,633TotalExcessDistributionCyovAmt
Qualifying Distributions$4,999,488QualifyingDistributionsAmt
Applied To Current Year$8,252AppliedToCurrentYearAmt
Remaining Distri From Corpus$4,991,236RemainingDistriFromCorpusAmt
Total Corpus$30,271,869TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$6,610,574ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$23,661,295ExcessDistriCyovToNextYrAmt
Excess From Year4$5,317,015ExcessFromYear4Amt
Excess From Year3$4,404,097ExcessFromYear3Amt
Excess From Year2$4,282,561ExcessFromYear2Amt
Excess From Year1$4,666,386ExcessFromYear1Amt
Excess From Current Year$4,991,236ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerSAM MENLOContributingManagerNm
Contributing ManagerVERA MENLOContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1SEE ATTACHED STATEMENTBusinessNameLine1Txt

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line14221 WILSHIRE BLVD 480AddressLine1Txt
CityLOS ANGELESCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90010ZIPCd
FieldValueIRS element (for citing)
Grant Or Contribution PurposeCHARITABLEGrantOrContributionPurposeTxt
Amt$4,999,488Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$4,999,488TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$2RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

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

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 (2 entries)

ContributorContributorNumAddress Line1ContributorUSAddress/AddressLine1TxtCityContributorUSAddress/CityNmState AbbreviationContributorUSAddress/StateAbbreviationCdZIPContributorUSAddress/ZIPCdTotal ContributionsTotalContributionsAmtPerson ContributionPersonContributionInd
SAM MENLO
14221 WILSHIRE BLVD SUITE 480LOS ANGELESCA90010$2,522,506Yes (X)
VERA MENLO
24221 WILSHIRE BLVD SUITE 480LOS ANGELESCA90010$2,522,506Yes (X)

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryACCOUNTING FEESCategoryTxt
Amt$5,150Amt

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp

FieldValueIRS element (for citing)
DescOTHER RECEIVABLEDesc
BOY Book Value$1,800BOYBookValueAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt
EXPENSES
STATE FEES$180

Other Notes Loans Rcvbl Long Sch OtherNotesLoansRcvblLongSch

Other Notes Loans Rcvbl Long OtherNotesLoansRcvblLongGrp

Borrower Name BorrowerNameGrp

FieldValueIRS element (for citing)
PersonLOS ANGELES CHEDERPersonNm
FieldValueIRS element (for citing)
Insider RelationshipNONEInsiderRelationshipTxt
Loan Original$25,000LoanOriginalAmt
Balance Due$10,500BalanceDueAmt
Note2014-02NoteDt
Loan Maturity2022-05LoanMaturityDt
Repayment Terms250/MONTHLY PAYMENTSRepaymentTermsTxt
Interest0.0000InterestRt
Loan PurposeTO SUPPORT EDUCATIONAL INSTITUTIONLoanPurposeTxt
Lender ConsiderationCASHLenderConsiderationDesc

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