BWETA FAMILY FOUNDATION: Form 990PF, tax year 2017

View the entire original 990 at ProPublica ↗

Organization
BWETA FAMILY FOUNDATION (EIN 13-4020892)
Tax period
2017-01-01 to 2017-12-31
Filed
2018-05-15
IRS object ID
201801359349102860
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)
Return2018-05-15T11:40:52-07:00ReturnTs
Tax Period End2017-12-31TaxPeriodEndDt

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 Begin2017-01-01TaxPeriodBeginDt

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
Signature2018-05-15SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonBenjamin BergerPreparerPersonNm
PTINP00236799PTIN
Phone2122211140PhoneNum
FieldValueIRS element (for citing)
Tax2017TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$1,131,050FMVAssetsEOYAmt
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$30InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$30InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$26,415DividendsRevAndExpnssAmt
Dividends Net Invst Incm$26,415DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss-$22,974NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$139,310GrossSalesPriceAmt
Total Rev And Expnss$3,471TotalRevAndExpnssAmt
Total Net Invst Incm$26,445TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$1,068AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$534AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps$534AccountingFeesChrtblPrpsAmt
Taxes Rev And Expnss$2,702TaxesRevAndExpnssAmt
Taxes Net Invst Incm$502TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss$6,063OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$6,063OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$9,833TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$7,099TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$534TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$69,930ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$69,930ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$79,763TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$7,099TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$70,464TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$76,292ExcessRevenueOverExpensesAmt
Net Investment Income$19,346NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$14,931CashBOYAmt
Cash EOY$1,603CashEOYAmt
Cash EOYFMV$1,603CashEOYFMVAmt
Sav And Temp Cash Invst BOY$279,257SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$132,784SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$132,784SavAndTempCashInvstEOYFMVAmt
Acct Rcvbl$89,992AcctRcvblAmt
Acct Rcvbl EOY$89,992AcctRcvblEOYAmt
Acct Rcvbl EOYFMV$89,992AcctRcvblEOYFMVAmt
Corporate Stock BOY$519,630CorporateStockBOYAmt
Corporate Stock EOY$513,147CorporateStockEOYAmt
Corporate Stock EOYFMV$906,671CorporateStockEOYFMVAmt
Total Assets BOY$813,818TotalAssetsBOYAmt
Total Assets EOY$737,526TotalAssetsEOYAmt
Total Assets EOYFMV$1,131,050TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Retained Earning BOY$813,818RetainedEarningBOYAmt
Retained Earning EOY$737,526RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$813,818TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$737,526TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$813,818TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$737,526TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$813,818TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$76,292ExcessRevenueOverExpensesAmt
Subtotal$737,526SubtotalAmt
Tot Net Ast Or Fund Balances EOY$737,526TotNetAstOrFundBalancesEOYAmt

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 FINANCIALP2017-01-012017-12-26$7,731$7,850-$119-$119
LPL FINANCIALP2017-01-012017-12-29$131,299$154,434-$23,135-$23,135
Capital Gain Dividends$280
FieldValueIRS element (for citing)
Capital Gain Net Income-$22,974CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss-$23,254NetShortTermCapitalGainLossAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$50,759AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$954,358NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.05319DistributionYr1Rt
Adjusted Qlfy Distri Yr2$77,929AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$1,027,793NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.07582DistributionYr2Rt
Adjusted Qlfy Distri Yr3$61,865AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$1,092,332NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.05664DistributionYr3Rt
Adjusted Qlfy Distri Yr4$87,376AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$1,095,216NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.07978DistributionYr4Rt
Adjusted Qlfy Distri Yr5$54,072AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$179,296NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.30158DistributionYr5Rt
Total Distribution0.567005TotalDistributionRt
Average Distribution0.113401AverageDistributionRt
Net Vl Noncharitable Assets$1,105,882NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$125,408AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$193NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$125,601AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$70,464QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$387InvestmentIncomeExciseTaxAmt
Subtotal$387SubtotalAmt
Tax Based On Investment Income$387TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$1,177EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$1,177TotalPaymentsAndCreditsAmt
Overpayment$790OverpaymentAmt
Applied To ES Tax$790AppliedToESTaxAmt

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

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$793,955AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$238,776AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$89,992FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$1,122,723TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$1,122,723AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$16,841CashDeemedCharitableAmt
Net Vl Noncharitable Assets$1,105,882NetVlNoncharitableAssetsAmt
Minimum Investment Return$55,294MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$55,294MinimumInvestmentReturnAmt
Tax Based On Investment Income$387TaxBasedOnInvestmentIncomeAmt
Total Tax$387TotalTaxAmt
Distributable Before Adj$54,907DistributableBeforeAdjAmt
Distributable Before Ded$54,907DistributableBeforeDedAmt
Distributable As Adjusted$54,907DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$70,464ExpensesAndContributionsAmt
Qualifying Distributions$70,464QualifyingDistributionsAmt
Adjusted Qualifying Distri$70,464AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$54,907DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$45,341ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$33,033ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$7,598ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$27,621ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$4,008ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$117,601TotalExcessDistributionCyovAmt
Qualifying Distributions$70,464QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$54,907AppliedToCurrentYearAmt
Remaining Distri From Corpus$15,557RemainingDistriFromCorpusAmt
Total Corpus$133,158TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$45,341ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$87,817ExcessDistriCyovToNextYrAmt
Excess From Year4$33,033ExcessFromYear4Amt
Excess From Year3$7,598ExcessFromYear3Amt
Excess From Year2$27,621ExcessFromYear2Amt
Excess From Year1$4,008ExcessFromYear1Amt
Excess From Current Year$15,557ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (6 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
VARIOUS charitable organizations
131 MERCER STNEW YORKNY10012NONEEXEMPTCHARITABLE$20,220
AMERICAN FRIENDS OF BABYLONIAN HERI
1700 YORK AVENUENEW YORKNY10128NONEEXEMPTCHARITABLE$10,000
AMERICAN SEPHARDI FEDERATIONS
15 WEST 16TH STREETNEW YORKNY10011NONEEXEMPTCHARITABLE$17,000
DROR FOUNDATION
253 West 35th Street 15th FloorNEW YORKNY10001NONEEXEMPTCHARITABLE$15,350
Congregation Bene Naharayim
8534 Midland PkwyJamaicaNY11432NONEEXEMPTCHARITABLE$4,760
CONGREGATION BEIS DAVID
75 WILSON STBROOKLYNNY11211NONEEXEMPTCHARITABLE$2,600
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$69,930TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$30ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$26,415ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion-$22,974ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$3,471ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$3,471TotalIncomeProducingActyAmt

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 BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
BANK CHARGES$268$268
INVESTMENT & ADVISORY FEES$5,795$5,795

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmt
EXCISE TAX$2,200
FOREIGN TAXES$502$502

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