EK CHARITABLE FOUNDATION INC: Form 990PF, tax year 2017

View the entire original 990 at ProPublica ↗

Organization
EK CHARITABLE FOUNDATION INC (EIN 47-2608792)
Tax period
2017-01-01 to 2017-12-31
Filed
2018-11-15
IRS object ID
201843199349105569
Schema version
2017v2.2
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)
Return2018-11-15T17:34:32-08:00ReturnTs
Tax Period End2017-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Yosef Y Manela CPA A Professional CorporationBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line16300 Wilshire Blvd Suite 2030AddressLine1Txt
CityLOS ANGELESCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90048ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2017-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN472608792EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1EK Charitable Foundation IncBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlEKCHBusinessNameControlTxt
Phone3103084215PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1106 S Poinsettia PlaceAddressLine1Txt
CityLos AngelesCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90036ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonSeth BienstockPersonNm
Person TitlePresidentPersonTitleTxt
Signature2018-11-15SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonYosef Y Manela CPA APCPreparerPersonNm
PTINP00446103PTIN
Phone3237820818PhoneNum
Self EmployedYes (X)SelfEmployedInd
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$102,815FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$56,318ContriRcvdRevAndExpnssAmt
Dividends Rev And Expnss$1,077DividendsRevAndExpnssAmt
Dividends Net Invst Incm$1,077DividendsNetInvstIncmAmt
Dividends Adj Net Incm$1,077DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$1,691NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$54,500GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$1,691CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$59,086TotalRevAndExpnssAmt
Total Net Invst Incm$2,768TotalNetInvstIncmAmt
Total Adj Net Incm$1,077TotalAdjNetIncmAmt
Tot Opr Expenses Rev And Expnss$0TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$113,952ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$113,952ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$113,952TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$113,952TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$54,866ExcessRevenueOverExpensesAmt
Net Investment Income$2,768NetInvestmentIncomeAmt
Adjusted Net Income$1,077AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$59,029CashBOYAmt
Cash EOY$56,020CashEOYAmt
Cash EOYFMV$56,020CashEOYFMVAmt
Corporate Stock BOY$77,266CorporateStockBOYAmt
Corporate Stock EOY$46,795CorporateStockEOYAmt
Corporate Stock EOYFMV$46,795CorporateStockEOYFMVAmt
Total Assets BOY$136,295TotalAssetsBOYAmt
Total Assets EOY$102,815TotalAssetsEOYAmt
Total Assets EOYFMV$102,815TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Retained Earning BOY$136,295RetainedEarningBOYAmt
Retained Earning EOY$102,815RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$136,295TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$102,815TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$136,295TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$102,815TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$136,295TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$54,866ExcessRevenueOverExpensesAmt
Other Increases$21,386OtherIncreasesAmt
Subtotal$102,815SubtotalAmt
Tot Net Ast Or Fund Balances EOY$102,815TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (5 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtAcquiredAcquiredDtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
255.842 Clearbridge Small Cap CP2017-06-19$10,000$10,000
784.881 Clearbridge Small Cap CP2017-08-16$30,000$30,000
1130.840 Vanguard Hi Yld TX EX InvP2017-05-09$12,592$12,592
21.382 Vanguard Hi Yld TX EX InvP2017-05-09$238$2172011-01-01$21$21
Capital Gain Dividends$1,670
FieldValueIRS element (for citing)
Capital Gain Net Income$1,691CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$55InvestmentIncomeExciseTaxAmt
Subtotal$55SubtotalAmt
Tax Based On Investment Income$55TaxBasedOnInvestmentIncomeAmt
Tax Due$55TaxDueAmt

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 LimitYes (true)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (true)Form990TFiledInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedfalseSection508eRqrSatisfiedInd
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

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1Seth BienstockBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone3103084215PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1106 S Poinsettia PlaceAddressLine1Txt
CityLos AngelesCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90036ZIPCd
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

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
Seth Bienstock
106 S Poinsettia PlaceLos AngelesCA90036President0.00$0
Sheri Bienstock
106 S Poinsettia PlLos AngelesCA90036Director0.00$0
Michael Yakov Bienstock
106 S Poinsettia PlLos AngelesCA90036Director0.00$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1All distributions are made solely to exempt charitable organizations and institutions that qualify for exemption exclusively under Section 501(c)(3) of the United States Internal Revenue Code.Description1Txt
Expenses1$0Expenses1Amt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$67,130AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$25,035AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$92,165TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$92,165AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$1,382CashDeemedCharitableAmt
Net Vl Noncharitable Assets$90,783NetVlNoncharitableAssetsAmt
Minimum Investment Return$4,539MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$4,539MinimumInvestmentReturnAmt
Tax Based On Investment Income$55TaxBasedOnInvestmentIncomeAmt
Total Tax$55TotalTaxAmt
Distributable Before Adj$4,484DistributableBeforeAdjAmt
Distributable Before Ded$4,484DistributableBeforeDedAmt
Distributable As Adjusted$4,484DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$113,952ExpensesAndContributionsAmt
Qualifying Distributions$113,952QualifyingDistributionsAmt
Adjusted Qualifying Distri$113,952AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$4,484DistributableAsAdjustedAmt
Excess Distribution Cyov Yr2$178,287ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$87,999ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$266,286TotalExcessDistributionCyovAmt
Qualifying Distributions$113,952QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$4,484AppliedToCurrentYearAmt
Remaining Distri From Corpus$109,468RemainingDistriFromCorpusAmt
Total Corpus$375,754TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$375,754ExcessDistriCyovToNextYrAmt
Excess From Year2$178,287ExcessFromYear2Amt
Excess From Year1$87,999ExcessFromYear1Amt
Excess From Current Year$109,468ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (9 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
Small Donations to Various 501c3 cl
VariousVariousCA90036NonePCTo promote exempt purpose.$22,252
Bais Yaakov
7353 Beverly BlvdLos AngelesCA90036NonePCTo promote exempt purpose.$10,000
Kollel of LA
7216 Beverly BlvdLos AngelesCA90036NonePCTo promote exempt purpose.$13,200
Lev Berel Inc
111 Madison AveLakewoodNJ08701NonePCTo promote exempt purpose.$39,800
Yad Eliezer
1102 E 26th StBrooklynNY11210NonePCTo promote exempt purpose.$6,000
Yeshiva Gedolah
5444 W Olympic BlvdLos AngelesCA90036NonePCTo promote exempt purpose.$5,500
Yeshiva of Paterson
561 Park AvePatersonNJ07504NonePCTo promote exempt purpose$7,200
Yeshiva Gedolah of Ramapo
111 Trails End RoadNew CityNY10956N/APCTo promote exempt purpose.$5,000
Yeshiva Chosein Yehoshua
57 Aspen CtLakewoodNJ08701NonePCTo promote exempt purpose.$5,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$113,952TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$1,077ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$1,670UnrelatedBusinessTaxblIncmAmt
Related Or Exempt Function Incm$21RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$1,670UnrelatedBusinessTaxblIncmAmt
Exclusion$1,077ExclusionAmt
Related Or Exempt Function Incm$21RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$2,768TotalIncomeProducingActyAmt

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 PersonSeth BienstockContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1106 S Poinsettia PlaceAddressLine1Txt
CityLos AngelesCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90036ZIPCd
FieldValueIRS element (for citing)
Total Contributions$56,318TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockCorporate stocksStockNm
EOY Book Value$46,795EOYBookValueAmt
EOYFMV$46,795EOYFMVAmt

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