AOUNI FAKS FOUNDATION: Form 990PF, tax year 2017

View the entire original 990 at ProPublica ↗

Organization
AOUNI FAKS FOUNDATION (EIN 30-6004475)
Tax period
2017-01-01 to 2017-12-31
Filed
2018-11-09
IRS object ID
201823139349101007
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)
Return2018-11-09T15:22:23-05:00ReturnTs
Tax Period End2017-12-31TaxPeriodEndDt

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 STREET STE 415AddressLine1Txt
CityGARDEN CITYCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11530ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2017-01-01TaxPeriodBeginDt

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
Phone7188591110PhoneNum
Signature2018-11-08SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMELVIN S SCHREIBER CPAPreparerPersonNm
PTINP00335001PTIN
Phone5164848700PhoneNum
Preparation2018-11-08PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address75.127.217.38IPv4AddressTxt
FieldValueIRS element (for citing)
IP2018-11-09IPDt
IP Tm14:22:23IPTm
IP TimezoneCSIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device IdF78B5A3F6E2AB566C7BFE766F1355CEB795954CEAtSubmissionCreationDeviceId
At Submission Filing Device IdAEFBE9EBE48B20FBAA07FEE644AAE5F6DC5F340FAtSubmissionFilingDeviceId
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$702,584FMVAssetsEOYAmt
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$1,056InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$1,056InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$11,835DividendsRevAndExpnssAmt
Dividends Net Invst Incm$11,835DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss-$3,915NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$92,494GrossSalesPriceAmt
Total Rev And Expnss$68,976TotalRevAndExpnssAmt
Total Net Invst Incm$12,891TotalNetInvstIncmAmt
Other Expenses Rev And Expnss$1,527OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$127OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$1,527TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$127TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$50,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$50,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$51,527TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$127TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$50,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$17,449ExcessRevenueOverExpensesAmt
Net Investment Income$12,764NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$465,847SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$465,671SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$465,671SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$13,178CorporateStockBOYAmt
Corporate Stock EOY$13,178CorporateStockEOYAmt
Corporate Stock EOYFMV$13,675CorporateStockEOYFMVAmt
Corporate Bonds BOY$207,398CorporateBondsBOYAmt
Corporate Bonds EOY$225,023CorporateBondsEOYAmt
Corporate Bonds EOYFMV$223,238CorporateBondsEOYFMVAmt
Total Assets BOY$686,423TotalAssetsBOYAmt
Total Assets EOY$703,872TotalAssetsEOYAmt
Total Assets EOYFMV$702,584TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind
Unrestricted BOY$686,423UnrestrictedBOYAmt
Unrestricted EOY$703,872UnrestrictedEOYAmt
Tot Net Ast Or Fund Balances BOY$686,423TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$703,872TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$686,423TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$703,872TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$686,423TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$17,449ExcessRevenueOverExpensesAmt
Subtotal$703,872SubtotalAmt
Tot Net Ast Or Fund Balances EOY$703,872TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
PUBLICLY TRADED SECURITIESP$41,497$40,829$668$668
PUBLICLY TRADED SECURITIESP$50,997$55,580-$4,583-$4,583
FieldValueIRS element (for citing)
Capital Gain Net Income-$3,915CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss$668NetShortTermCapitalGainLossAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Net Vl Noncharitable Assets Yr1$610,542NetVlNoncharitableAssetsYr1Amt
Adjusted Qlfy Distri Yr2$49,872AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$592,871NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.084119DistributionYr2Rt
Adjusted Qlfy Distri Yr3$51,884AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$638,911NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.081207DistributionYr3Rt
Adjusted Qlfy Distri Yr4$5,000AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$583,768NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.008565DistributionYr4Rt
Adjusted Qlfy Distri Yr5$15,500AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$527,301NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.029395DistributionYr5Rt
Total Distribution0.203286TotalDistributionRt
Average Distribution0.040657AverageDistributionRt
Net Vl Noncharitable Assets$657,468NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$26,731AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$128NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$26,859AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$50,000QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eYes (X)DomesticOrgMeetingSect4940eInd
Investment Income Excise Tax$128InvestmentIncomeExciseTaxAmt
Subtotal$128SubtotalAmt
Tax Based On Investment Income$128TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$333EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$333TotalPaymentsAndCreditsAmt
Overpayment$205OverpaymentAmt
Applied To ES Tax$205AppliedToESTaxAmt

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 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
Individual With BooksDANIEL FAKSIndividualWithBooksNm
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
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 (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
DANIEL FAKS
4302 FARRAGUT ROADBROOKLYNNY11203TREASURER000.00$0$0$0
IBRAHIM FAKS
4302 FARRAGUT ROADBROOKLYNNY11203VICE PRESIDE000.00$0$0$0
FREDDY FAKS
4302 FARRAGUT ROADBROOKLYNNY11203SECRETARY000.00$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$235,542AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$431,938AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$667,480TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$667,480AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$10,012CashDeemedCharitableAmt
Net Vl Noncharitable Assets$657,468NetVlNoncharitableAssetsAmt
Minimum Investment Return$32,873MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$32,873MinimumInvestmentReturnAmt
Tax Based On Investment Income$128TaxBasedOnInvestmentIncomeAmt
Total Tax$128TotalTaxAmt
Distributable Before Adj$32,745DistributableBeforeAdjAmt
Distributable Before Ded$32,745DistributableBeforeDedAmt
Distributable As Adjusted$32,745DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$50,000ExpensesAndContributionsAmt
Qualifying Distributions$50,000QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm$128PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri$49,872AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$32,745DistributableAsAdjustedAmt
Undistributed Income PY$6,424UndistributedIncomePYAmt
Qualifying Distributions$50,000QualifyingDistributionsAmt
Applied To Year1$6,424AppliedToYear1Amt
Applied To Current Year$32,745AppliedToCurrentYearAmt
Remaining Distri From Corpus$10,831RemainingDistriFromCorpusAmt
Total Corpus$10,831TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$10,831ExcessDistriCyovToNextYrAmt
Excess From Current Year$10,831ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (2 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
YESHIVA OF FLATBUSH
919 EAST 10TH STREETBROOKLYNNY11230PCHELP A SYNAGOGUE WITH ITS BUDGET$30,000
MAGEN DAVID YESHIVAH
2130 MCDONALD AVEBROOKLYNNY11223PCHELP A SYNAGOGUE WITH ITS BUDGET$20,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$50,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$1,056ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$11,835ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion-$3,915ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$8,976ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$8,976TotalIncomeProducingActyAmt

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 (12 entries)

BondBondNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
ANDEAVOR LOGISTICS LP$41,203$40,608
ARGENTINA REP BOND$31,503$32,175
AXA REG S CALL$31,353$30,600
BANK AMER CORP$24,653$25,412
BANK OF AMERICA CORP
FREEPORT-MCMORAN INC NOTE$8,643$8,989
HSBC HOLDINGS PLC$15,734$15,450
INTERNATIONAL LEASE FIN CORP$51,503$50,229
JPMORGAN CHASE & CO NOTES$10,240$10,125
PARK HOTELS & RESORTS
REDWOOD TRUST INC BOND$10,191$9,650
REDWOOD TRUST INC CONVERTIBLE

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockHSBC HLDGS PLCStockNm
EOY Book Value$13,178EOYBookValueAmt
EOYFMV$13,675EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
EXPENSES
INVESTMENT EXPENSES$127$127
MISCELLANEOUS$1,400

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