EDUCATIONAL SUPPORT FOUNDATION INC: Form 990PF, tax year 2017
View the entire original 990 at ProPublica ↗
- Organization
- EDUCATIONAL SUPPORT FOUNDATION INC (EIN 13-6159760)
- Tax period
- 2017-06-01 to 2018-05-31
- Filed
- 2019-04-12
- IRS object ID
- 201911029349100801
- 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
- Form 990-PF
- Schedule B
- Accounting Fees Schedule
- Depreciation Schedule
- Investments Land Schedule2
- Investments Other Schedule2
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Other Liabilities Schedule
- Other Professional Fees Schedule
- Substantial Contributors Sch
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2019-04-12T09:09:51-05:00 | ReturnTs |
| Tax Period End | 2018-05-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 133094254 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ROBINS & ASSOCIATES LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4 EXECUTIVE BOULEVARD SUITE 202 | AddressLine1Txt |
| City | SUFFERN | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10901 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2017-06-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 136159760 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | EDUCATIONAL SUPPORT FOUNDATION INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | EDUC | BusinessNameControlTxt |
| Phone | 7188377700 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1659 58TH STREET | AddressLine1Txt |
| City | BROOKLYN | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 11204 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MANUEL SCHARF | PersonNm |
| Person Title | MANAGER | PersonTitleTxt |
| Phone | 7188377700 | PhoneNum |
| Signature | 2019-04-12 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | ALFRED I SCHERZER | PreparerPersonNm |
| PTIN | P00155678 | PTIN |
| Phone | 8455472230 | PhoneNum |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 47.18.227.22 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2019-04-12 | IPDt |
| IP Tm | 10:09:43 | IPTm |
| IP Timezone | ED | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | 2D836B9DDBC6315C29F96DB5C2AD5E23733F82D1 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 2D836B9DDBC6315C29F96DB5C2AD5E23733F82D1 | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2017 | TaxYr |
| Build TS | 2019-02-21 02:37:17Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $37,810,587 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $430,000 | ContriRcvdRevAndExpnssAmt |
| Dividends Rev And Expnss | $381,982 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $381,982 | DividendsNetInvstIncmAmt |
| Gross Rents Rev And Expnss | $57,135 | GrossRentsRevAndExpnssAmt |
| Gross Rents Net Invst Incm | $57,135 | GrossRentsNetInvstIncmAmt |
| Net Rental Income Or Loss | $30,306 | NetRentalIncomeOrLossAmt |
| Net Gain Sale Ast Rev And Expnss | $1,973,013 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $2,924,227 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $1,973,013 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $2,848,221 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $2,848,221 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $5,690,351 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $5,260,351 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $0 | CompOfcrDirTrstDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $5,800 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $4,000 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $1,800 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $885 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $885 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $0 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $119,971 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $0 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Deprec And Dpltn Rev And Expnss | $290 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Net Invst Incm | $290 | DeprecAndDpltnNetInvstIncmAmt |
| Occupancy Rev And Expnss | $7,858 | OccupancyRevAndExpnssAmt |
| Occupancy Net Invst Incm | $6,358 | OccupancyNetInvstIncmAmt |
| Occupancy Dsbrs Chrtbl | $1,500 | OccupancyDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $48,369 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $45,350 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $3,019 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $183,173 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $56,883 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $6,319 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $618,473 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $618,473 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $801,646 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $56,883 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $624,792 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $4,888,705 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $5,203,468 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $129,860 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $1,197,357 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $1,197,357 | SavAndTempCashInvstEOYFMVAmt |
| Other Nts And Loans Rcvbl | $1,006,093 | OtherNtsAndLoansRcvblAmt |
| Other Rcvbl Allwnc Dbtfl Acct | $0 | OtherRcvblAllwncDbtflAcctAmt |
| Other Nts And Loans Rcvbl BOY | $6,151,802 | OtherNtsAndLoansRcvblBOYAmt |
| Other Nts And Loans Rcvbl EOY | $1,006,093 | OtherNtsAndLoansRcvblEOYAmt |
| Other Nts And Loans Rcvbl EOYFMV | $1,006,093 | OtherNtsAndLoansRcvblEOYFMVAmt |
| Invst Land Cost Or Other Basis | $7,976 | InvstLandCostOrOtherBasisAmt |
| Invst Land Accum Depreciation | $4,350 | InvstLandAccumDepreciationAmt |
| Land Bldg Investments BOY | $3,916 | LandBldgInvestmentsBOYAmt |
| Land Bldg Investments EOY | $3,626 | LandBldgInvestmentsEOYAmt |
| Land Bldg Investments EOYFMV | $3,626 | LandBldgInvestmentsEOYFMVAmt |
| Mortgage Loans BOY | $20,879,510 | MortgageLoansBOYAmt |
| Mortgage Loans EOY | $26,639,419 | MortgageLoansEOYAmt |
| Mortgage Loans EOYFMV | $26,639,419 | MortgageLoansEOYFMVAmt |
| Other Investments BOY | $9,396,621 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $9,231,807 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $8,964,092 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $36,561,709 | TotalAssetsBOYAmt |
| Total Assets EOY | $38,078,302 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $37,810,587 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $8,425 | AccountsPayableBOYAmt |
| Other Liabilities BOY | $3,369,105 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $0 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $3,377,530 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
| Capital Stock BOY | $0 | CapitalStockBOYAmt |
| Capital Stock EOY | $0 | CapitalStockEOYAmt |
| Additional Paid In Capital BOY | $0 | AdditionalPaidInCapitalBOYAmt |
| Additional Paid In Capital EOY | $0 | AdditionalPaidInCapitalEOYAmt |
| Retained Earning BOY | $33,184,179 | RetainedEarningBOYAmt |
| Retained Earning EOY | $38,078,302 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $33,184,179 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $38,078,302 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $36,561,709 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $38,078,302 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $33,184,179 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $4,888,705 | ExcessRevenueOverExpensesAmt |
| Other Increases | $5,418 | OtherIncreasesAmt |
| Subtotal | $38,078,302 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $38,078,302 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (4 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | Gross Sales PriceGrossSalesPriceAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | Cost Or Other BasisCostOrOtherBasisAmt |
|---|---|---|---|---|---|
| 1231 GAIN I.S. MGT | P | $1,961,547 | $1,961,547 | $1,961,547 | |
| MORGAN STANLEY | P | $136,893 | -$8,691 | -$8,691 | $145,584 |
| MORGAN STANLEY | P | $810,029 | $4,399 | $4,399 | $805,630 |
| CAPITAL GAINS DIVIDENDS | P | $15,758 | $15,758 | $15,758 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $1,973,013 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | 0 | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $331,283 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $32,562,987 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.010174 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $538,804 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $29,825,579 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.018065 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $591,243 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $25,986,419 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.022752 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $1,158,972 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $23,217,862 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.049917 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $3,102,156 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $21,880,135 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.141780 | DistributionYr5Rt |
| Total Distribution | 0.242688 | TotalDistributionRt |
| Average Distribution | 0.048538 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $35,554,334 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $1,725,736 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $52,035 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $1,777,771 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $624,792 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $104,069 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $104,069 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $104,069 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $97,133 | EstimatedPlusOvpmtIncmTxAmt |
| Extsn Request Income Tax Paid | $50,000 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $147,133 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $205 | EsPenaltyAmt |
| Overpayment | $42,859 | OverpaymentAmt |
| Applied To ES Tax | $42,859 | AppliedToESTaxAmt |
| Refund | $0 | RefundAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | NY | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | Yes (1) | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
| Individual With Books | MANUEL SCHARF | IndividualWithBooksNm |
| Phone | 7188377700 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1575 50TH STREET - SUITE 201 | AddressLine1Txt |
| City | BROOKLYN | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 11219 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | 0 | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | 0 | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | 0 | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | 0 | BusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (4 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 |
|---|---|---|---|---|---|---|---|---|
| MANUEL SCHARF | ||||||||
| 1575 50TH ST | BROOKLYN | NY | 11219 | PRESIDENT | 0.00 | $0 | $0 | $0 |
| WILLY BEER | ||||||||
| 1575 50TH ST | BROOKLYN | NY | 11219 | TREASURER | 0.00 | $0 | $0 | $0 |
| RACHEL BEER | ||||||||
| 1575 50TH ST | BROOKLYN | NY | 11219 | VICE PRESIDENT | 0.00 | $0 | $0 | $0 |
| YISROEL SCHARF | ||||||||
| 1575 50TH ST | BROOKLYN | NY | 11219 | SECRETARY | 0.00 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $7,339,538 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $663,609 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $28,092,624 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $36,095,771 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $36,095,771 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $541,437 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $35,554,334 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $1,777,717 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $1,777,717 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $104,069 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $104,069 | TotalTaxAmt |
| Distributable Before Adj | $1,673,648 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $1,673,648 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $1,673,648 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $624,792 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $624,792 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $0 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $624,792 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $1,673,648 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr5 | $1,214,585 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $43,052 | ExcessDistributionCyovYr4Amt |
| Total Excess Distribution Cyov | $1,257,637 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $624,792 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $624,792 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $1,048,856 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $1,048,856 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $208,781 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $165,729 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $43,052 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $43,052 | ExcessFromYear4Amt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | MANUEL SCHARF | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CONTRIBUTIONS OF 618473 DETAILS AVAILABLE UPON REQUEST AT | BusinessNameLine1Txt |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1575 50TH STREET | AddressLine1Txt |
| City | BROOKLYN | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 11219 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Or Contribution Purpose | ADVANCEMENT OF EDUCATION AND ASSISTANCE TO NEEDY | GrantOrContributionPurposeTxt |
| Amt | $618,473 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $618,473 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $381,982 | ExclusionAmt |
Net Rntl Incm Re Not Debt Fincd Prop NetRntlIncmReNotDebtFincdProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 16 | ExclusionCd |
| Exclusion | $30,306 | ExclusionAmt |
Other Investment Incm Part VII OtherInvestmentIncmPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $2,848,221 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $1,973,013 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $5,233,522 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $5,233,522 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | 0 | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | 0 | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | 0 | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | 0 | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | 0 | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | 0 | RelationshipsNonchrtblEOInd |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp (4 entries)
| ContributorContributorNum | Address Line1ContributorUSAddress/AddressLine1Txt | CityContributorUSAddress/CityNm | State AbbreviationContributorUSAddress/StateAbbreviationCd | ZIPContributorUSAddress/ZIPCd | Total ContributionsTotalContributionsAmt | Person ContributionPersonContributionInd |
|---|---|---|---|---|---|---|
| FRANCONIA FOUNDATION | ||||||
| 1 | 3839 FLATLANDS AVE | BROOKLYN | NY | 11234 | $10,000 | Yes (X) |
| IS-MS ASSOCIATES | ||||||
| 2 | 1575 50TH STR | BROOKLYN | NY | 11219 | $230,000 | Yes (X) |
| IS-RB ASSOCIATES | ||||||
| 3 | 1575 50TH STR | BROOKLYN | NY | 11219 | $140,000 | Yes (X) |
| S O CHARITABLE TRYST | ||||||
| 4 | 3839 FLATLANDS AVENUE | BROOKLYN | NY | 11234 | $50,000 | Yes (X) |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING | CategoryTxt |
| Amt | $5,800 | Amt |
| Net Investment Income | $4,000 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $1,800 | DisbursementsCharitablePrpsAmt |
Depreciation Schedule DepreciationSchedule
Depreciation Property DepreciationPropertyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Property | COOP APTS, 890 WEST END AVE, NY, NY | PropertyDesc |
| Acquired | 2000-05-01 | AcquiredDt |
| Cost Or Other Basis | $7,976 | CostOrOtherBasisAmt |
| Prior Year Depreciation | $4,060 | PriorYearDepreciationAmt |
| Computation Method | SL | ComputationMethodTxt |
| Life | 27.500000000000 | LifeRt |
| Current Year Expense | $290 | CurrentYearExpenseAmt |
| Net Investment Income | $290 | NetInvestmentIncomeAmt |
Investments Land Schedule2 InvestmentsLandSchedule2
Investment Land InvestmentLandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category Or Item | COOP APTS, 890 WEST END AVE, NY, NY | CategoryOrItemTxt |
| Cost Or Other Basis | $7,976 | CostOrOtherBasisAmt |
| Accumulated Depreciation | $4,350 | AccumulatedDepreciationAmt |
| Book Value | $3,626 | BookValueAmt |
| EOYFMV | $3,626 | EOYFMVAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (3 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| PARTNERSHIP INTERESTS | AT COST | $1,523,561 | $1,523,561 |
| OTHER SECURITIES | FMV | $7,428,928 | $7,161,213 |
| PRECIOUS METAL | AT COST | $279,318 | $279,318 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (8 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| ADMINISTRATIVE EXPENSE | $11,000 | $8,800 | $2,200 |
| ADVERTISING | $59 | $0 | $59 |
| ADVISORY FEES | $9,979 | $9,979 | $0 |
| FILING FEES | $750 | $0 | $750 |
| BANK CHARGES | $10 | $0 | $10 |
| MAILING | $32 | $32 | $0 |
| CO-OP MAINTENANCE | $24,424 | $24,424 | $0 |
| INSURANCE | $2,115 | $2,115 | $0 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (3 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|
| INTEREST INCOME - PTNSHP | $2,222 | $2,222 | $2,222 |
| OTHER INCOME (LOSS) | $39,913 | $39,913 | $39,913 |
| MORTGAGE INTEREST INCOME | $2,806,086 | $2,806,086 | $2,806,086 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | NON TAXABLE INCOME | Desc |
| Amt | $5,418 | Amt |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail (2 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt |
|---|---|---|
| LOAN PAYABLE | $1,369,105 | $0 |
| ADVANCE FROM PARTNERSHIP | $2,000,000 | $0 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | CONSULTING | CategoryTxt |
| Amt | $885 | Amt |
| Net Investment Income | $885 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Substantial Contributors Sch SubstantialContributorsSch
Substantial Contributor Detail SubstantialContributorDetail (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd |
|---|---|---|---|
| WEINREB MANAGEMENT | |||
| 276 RIVERSIDE DRIVE | NEW YORK | NY | 10025 |
| LEON SCHARF | |||
| 1659 58TH STREET | BROOKLYN | NY | 11204 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | FEDERAL INCOME TAX | CategoryTxt |
| Amt | $119,971 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
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