BWETA FAMILY FOUNDATION: Form 990PF, tax year 2018

View the entire original 990 at ProPublica ↗

Organization
BWETA FAMILY FOUNDATION (EIN 13-4020892)
Tax period
2018-01-01 to 2018-12-31
Filed
2019-05-15
IRS object ID
201921359349101252
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)
Return2019-05-15T07:49:39-07:00ReturnTs
Tax Period End2018-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN133358774PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Bernath & Rosenberg PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11430 Broadway 7th FloorAddressLine1Txt
CityNew YorkCityNm
State AbbreviationNYStateAbbreviationCd
ZIP100183308ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2018-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN134020892EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1BWETA FAMILY FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlBWETBusinessNameControlTxt
Phone2122211140PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1C/O J EZRA 131 MERCER STAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10012ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJAMIL EZRAPersonNm
Person TitleTrusteePersonTitleTxt
Signature2019-05-15SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonBenjamin BergerPreparerPersonNm
PTINP00236799PTIN
Phone2122211140PhoneNum
FieldValueIRS element (for citing)
Tax2018TaxYr
Build TS2019-02-21 02:37:17ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$964,438FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$156InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$156InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$19,018DividendsRevAndExpnssAmt
Dividends Net Invst Incm$19,018DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss-$8,482NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$98,912GrossSalesPriceAmt
Total Rev And Expnss$10,692TotalRevAndExpnssAmt
Total Net Invst Incm$19,174TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$1,068AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$534AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps$534AccountingFeesChrtblPrpsAmt
Taxes Rev And Expnss$608TaxesRevAndExpnssAmt
Taxes Net Invst Incm$608TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss$6,914OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$6,506OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl$408OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$8,590TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$7,648TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$942TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$49,390ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$49,390ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$57,980TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$7,648TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$50,332TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$47,288ExcessRevenueOverExpensesAmt
Net Investment Income$11,526NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$1,603CashBOYAmt
Cash EOY$35,737CashEOYAmt
Cash EOYFMV$35,737CashEOYFMVAmt
Sav And Temp Cash Invst BOY$132,784SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$1,798SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$1,798SavAndTempCashInvstEOYFMVAmt
Acct Rcvbl BOY$89,992AcctRcvblBOYAmt
Corporate Stock BOY$513,147CorporateStockBOYAmt
Corporate Stock EOY$661,742CorporateStockEOYAmt
Corporate Stock EOYFMV$926,903CorporateStockEOYFMVAmt
Total Assets BOY$737,526TotalAssetsBOYAmt
Total Assets EOY$699,277TotalAssetsEOYAmt
Total Assets EOYFMV$964,438TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Retained Earning BOY$737,526RetainedEarningBOYAmt
Retained Earning EOY$699,277RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$737,526TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$699,277TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$737,526TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$699,277TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$737,526TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$47,288ExcessRevenueOverExpensesAmt
Other Increases$9,039OtherIncreasesAmt
Subtotal$699,277SubtotalAmt
Tot Net Ast Or Fund Balances EOY$699,277TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (3 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
LPL FINANCIALP2018-01-012018-12-31$6,613$7,461-$848-$848
LPL FINANCIALP2015-01-012018-12-31$91,046$99,933-$8,887-$8,887
Capital Gain Dividends$1,253
FieldValueIRS element (for citing)
Capital Gain Net Income-$8,482CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss-$848NetShortTermCapitalGainLossAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$70,464AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$1,105,882NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.06372DistributionYr1Rt
Adjusted Qlfy Distri Yr2$50,759AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$954,358NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.05319DistributionYr2Rt
Adjusted Qlfy Distri Yr3$77,929AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$1,027,793NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.07582DistributionYr3Rt
Adjusted Qlfy Distri Yr4$61,865AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$1,092,332NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.05664DistributionYr4Rt
Adjusted Qlfy Distri Yr5$87,376AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$1,095,216NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.07978DistributionYr5Rt
Total Distribution0.329142TotalDistributionRt
Average Distribution0.065828AverageDistributionRt
Net Vl Noncharitable Assets$1,013,624NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$66,725AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$115NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$66,840AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$50,332QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$231InvestmentIncomeExciseTaxAmt
Subtotal$231SubtotalAmt
Tax Based On Investment Income$231TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$790EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$790TotalPaymentsAndCreditsAmt
Overpayment$559OverpaymentAmt
Applied To ES Tax$559AppliedToESTaxAmt

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 Line1BERNATH & ROSENBERG PCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2122211140PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line11430 BROADWAY 7TH FLOORAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP100183308ZIPCd
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 (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
JAMIL EZRA
131 MERCER ST PHBNEW YORKNY10012Trustee0.00$0
BENJAMIN JOSEPH EZRA
131 MERCER ST PHBNEW YORKNY10012Trustee0.00$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$891,302AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$137,758AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$1,029,060TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$1,029,060AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$15,436CashDeemedCharitableAmt
Net Vl Noncharitable Assets$1,013,624NetVlNoncharitableAssetsAmt
Minimum Investment Return$50,681MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$50,681MinimumInvestmentReturnAmt
Tax Based On Investment Income$231TaxBasedOnInvestmentIncomeAmt
Total Tax$231TotalTaxAmt
Distributable Before Adj$50,450DistributableBeforeAdjAmt
Distributable Before Ded$50,450DistributableBeforeDedAmt
Distributable As Adjusted$50,450DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$50,332ExpensesAndContributionsAmt
Qualifying Distributions$50,332QualifyingDistributionsAmt
Adjusted Qualifying Distri$50,332AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$50,450DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$33,033ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$7,598ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$27,621ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$4,008ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$15,557ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$87,817TotalExcessDistributionCyovAmt
Qualifying Distributions$50,332QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$50,332AppliedToCurrentYearAmt
Excess Distri Cyov App CY Corpus$118ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$118ExcessDistributionCyovAppCYAmt
Total Corpus$87,699TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$32,915ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$54,784ExcessDistriCyovToNextYrAmt
Excess From Year4$7,598ExcessFromYear4Amt
Excess From Year3$27,621ExcessFromYear3Amt
Excess From Year2$4,008ExcessFromYear2Amt
Excess From Year1$15,557ExcessFromYear1Amt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (4 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
VARIOUS charitable organizations
131 MERCER STNEW YORKNY10012NONEEXEMPTCHARITABLE$10,760
AMERICAN SEPHARDI FEDERATIONS
15 WEST 16TH STREETNEW YORKNY10011NONEEXEMPTCHARITABLE$21,500
Congregation Bene Naharayim
8534 Midland PkwyJamaicaNY11432NONEEXEMPTCHARITABLE$2,130
FIDELITY CHARITABLE GIFT FUND
100 CROSBY PARKWAYCOVINGTONKY41015NONEEXEMPTCHARITABLE$15,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$49,390TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$156ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$19,018ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion-$8,482ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$10,692ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$10,692TotalIncomeProducingActyAmt

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

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryACCOUNTINGCategoryTxt
Amt$1,068Amt
Net Investment Income$534NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$534DisbursementsCharitablePrpsAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmtNet Investment IncomeNetInvestmentIncomeAmt
BANK CHARGES$408$408
INVESTMENT & ADVISORY FEES$6,506$6,506

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
DescNON-DIVIDEND DISTRIBUTIONSDesc
Amt$9,039Amt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryFOREIGN TAXESCategoryTxt
Amt$608Amt
Net Investment Income$608NetInvestmentIncomeAmt

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