THE MONICA LESTER CHARITABLE TRUST: Form 990PF, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- THE MONICA LESTER CHARITABLE TRUST (EIN 81-1000768)
- Tax period
- 2024-07-01 to 2025-06-30
- Filed
- 2025-11-11
- IRS object ID
- 202533159349102168
- Schema version
- 2024v5.2
- 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
- Form 990-PF
- Compensation Explanation
- General Explanation Attachment
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Legal Fees Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Liabilities Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-11-11T13:51:35-06:00 | ReturnTs |
| Tax Period End | 2025-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 953131555 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SCHWARTZ KALES ACCOUNTANCY CORP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6310 SAN VICENTE BLVD SUITE 250 | AddressLine1Txt |
| City | LOS ANGELES | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90048 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2024-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 811000768 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE MONICA LESTER CHARITABLE TRUST | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | MONI | BusinessNameControlTxt |
| Phone | 3239340200 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6310 SAN VICENTE BLVD 250 | AddressLine1Txt |
| City | LOS ANGELES | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90048 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | FRANK LEE | PersonNm |
| Person Title | TRUSTEE | PersonTitleTxt |
| Phone | 3239340200 | PhoneNum |
| Signature | 2025-11-11 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | ORIT AMIT | PreparerPersonNm |
| PTIN | P01471948 | PTIN |
| Phone | 3239340200 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $12,600,735 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Interest On Sav Rev And Expnss | $1,115 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $1,115 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $8,236 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $8,236 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $34,507 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $253,035 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $34,507 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $878,051 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $15,967 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $921,909 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $59,825 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $100,000 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $20,000 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $30,000 | CompOfcrDirTrstDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $261,712 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $3,112 | LegalFeesNetInvstIncmAmt |
| Legal Fees Dsbrs Chrtbl | $10,000 | LegalFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $159,824 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $954 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $100 | TaxesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $1,660 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $1,660 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $0 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $523,196 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $25,726 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $40,100 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $600,000 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $600,000 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $1,123,196 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $25,726 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $640,100 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$201,287 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $34,099 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $136,340 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $1,640 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $1,640 | SavAndTempCashInvstEOYFMVAmt |
| Prepaid Expenses EOY | $4,431 | PrepaidExpensesEOYAmt |
| Prepaid Expenses EOYFMV | $4,431 | PrepaidExpensesEOYFMVAmt |
| US Government Obligations BOY | $60,047 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $0 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $0 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $237,857 | CorporateStockBOYAmt |
| Corporate Stock EOY | $79,377 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $294,664 | CorporateStockEOYFMVAmt |
| Other Investments BOY | $9,711,212 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $9,859,053 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $12,300,000 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $10,145,456 | TotalAssetsBOYAmt |
| Total Assets EOY | $9,944,501 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $12,600,735 | TotalAssetsEOYFMVAmt |
| Other Liabilities BOY | $0 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $332 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $332 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $10,145,456 | CapitalStockBOYAmt |
| Capital Stock EOY | $10,145,456 | CapitalStockEOYAmt |
| Additional Paid In Capital BOY | $0 | AdditionalPaidInCapitalBOYAmt |
| Additional Paid In Capital EOY | $0 | AdditionalPaidInCapitalEOYAmt |
| Retained Earning BOY | $0 | RetainedEarningBOYAmt |
| Retained Earning EOY | -$201,287 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $10,145,456 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $9,944,169 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $10,145,456 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $9,944,501 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $10,145,456 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$201,287 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $9,944,169 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $9,944,169 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (14 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | Cost Or Other BasisCostOrOtherBasisAmt |
|---|---|---|---|---|---|---|---|
| MADOFF VICTIM FUND | P | 2020-01-01 | 2024-12-31 | $1,652 | $1,652 | $1,652 | |
| AMBEV S A ADR | P | 2021-07-01 | 2025-05-16 | $25,579 | -$9,582 | -$9,582 | $35,161 |
| AMGEN INC | P | 2019-03-05 | 2025-05-16 | $34,866 | $10,046 | $10,046 | $24,820 |
| BANK OF AMERICA CORP | P | 2014-02-18 | 2025-05-16 | $24,755 | $15,373 | $15,373 | $9,382 |
| HALLIBURTON CO | P | 2022-11-21 | 2025-05-16 | $8,651 | -$6,495 | -$6,495 | $15,146 |
| INMODE LTD | P | 2020-06-05 | 2025-05-16 | $12,001 | -$2,817 | -$2,817 | $14,818 |
| NESTLE SPON ADR REP REG SHR | P | 2017-05-19 | 2025-05-16 | $20,235 | $3,082 | $3,082 | $17,153 |
| NIKE INC B | P | 2022-11-22 | 2025-05-16 | $9,287 | -$6,555 | -$6,555 | $15,842 |
| VISA INC CL A | P | 2014-02-18 | 2025-05-16 | $25,142 | $23,617 | $23,617 | $1,525 |
| WALT DISNEY CO HLDG CO | P | 2020-01-03 | 2025-05-16 | $11,126 | -$3,700 | -$3,700 | $14,826 |
| WALT DISNEY CO HLDG CO | P | 2022-11-21 | 2025-05-16 | $17,246 | $2,090 | $2,090 | $15,156 |
| BLACKROCK INC | P | 2022-11-21 | 2025-06-18 | $19,288 | $4,742 | $4,742 | $14,546 |
| CHEVRON CORP | P | 2020-01-03 | 2025-06-18 | $18,207 | $2,937 | $2,937 | $15,270 |
| US TREASURY NOTES | P | 2023-06-15 | 2025-05-31 | $25,000 | $117 | $117 | $24,883 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $34,507 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $474 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $474 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $474 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $4,905 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $4,905 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $4,431 | OverpaymentAmt |
| Applied To ES Tax | $4,431 | 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 | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | CA | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | 0 | 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 | SCHWARTZ KALES ACCOUNTANCY CORP | IndividualWithBooksNm |
| Phone | 3239340200 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6310 SAN VICENTE BLVD STE 250 | AddressLine1Txt |
| City | LOS ANGELES | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90048 | 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 | Yes (1) | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | 0 | ActsFailToQlfyAsExceptionsInd |
| 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 |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 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 | Address Line2USAddress/AddressLine2Txt |
|---|---|---|---|---|---|---|---|---|---|
| FRANK LEE | |||||||||
| 6310 SAN VICENTE BLVD STE 250 | LOS ANGELES | CA | 90048 | TRUSTEE | 5.00 | $50,000 | $0 | $0 | |
| JOEL LEVINE | |||||||||
| 6310 SAN VICENTE BLVD STE 250 | LOS ANGELES | CA | 90048 | TRUSTEE | 5.00 | $50,000 | $0 | $0 | |
| PAUL LESTER | |||||||||
| C/O SKAC 6310 SAN VICENTE BLVD STE | LOS ANGELES | CA | 90048 | TRUSTEE | 1.00 | $0 | $0 | $0 | 250 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LOEB & LOEB LLP | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 10100 SANTA MONICA BLVD SUITE 2200 | AddressLine1Txt |
| City | LOS ANGELES | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90067 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Service Type | LEGAL | ServiceTypeTxt |
| Compensation | $261,712 | CompensationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| 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 | $502,513 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $247,314 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $12,300,000 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $13,049,827 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $13,049,827 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $195,747 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $12,854,080 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $642,704 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $642,704 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $474 | TaxBasedOnInvestmentIncomeAmt |
| Income Tax | $99,238 | IncomeTaxAmt |
| Total Tax | $99,712 | TotalTaxAmt |
| Distributable Before Adj | $542,992 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $542,992 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $542,992 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $640,100 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $640,100 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $542,992 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $369,922 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Total Excess Distribution Cyov | $0 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $640,100 | QualifyingDistributionsAmt |
| Applied To Year1 | $369,922 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $270,178 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $0 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $272,814 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $0 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $0 | ExcessDistriCyovToNextYrAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Shareholder Manager | PAUL LESTER | ShareholderManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (16 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| CEDARS-SINAI MEDICAL CENTER | |||||||
| 6500 WILSHIRE BLVD 1600 | LOS ANGELES | CA | 90048 | N/A | PUBLIC | SUPPORTING MEDICAL RESEARCH | $150,000 |
| CHABAD'S TERROR VICTIMS PROJECT | |||||||
| 478 ALBANY AVENUE SUITE 136 | BROOKLYN | NY | 11203 | N/A | PUBLIC | PROVIDING COMMUNITY SERVICE | $10,000 |
| CHILDREN'S HOSPITAL | |||||||
| 4650 SUNSET BLVD 29 | LOS ANGELES | CA | 90027 | N/A | PUBLIC | SUPPORTING MEDICAL RESEARCH | $60,000 |
| CITY OF HOPE | |||||||
| 1500 E DUARTE ROAD | DUARTE | CA | 91010 | N/A | PUBLIC | FUNDING CANCER RESEARCH | $100,000 |
| FEDERATION OF JEWISH COMMUNITIES OF CIS (UKRAINE) | |||||||
| 445 PARK AVENUE 9TH FLOOR | NEW YORK | NY | 10022 | N/A | PUBLIC | PROVIDING COMMUNITY SERVICE | $5,000 |
| FRIENDS OF UNITED HATZALAH | |||||||
| 442 5TH AVENUE 1866 | NEW YORK | NY | 10018 | N/A | PUBLIC | PROVIDING COMMUNITY SERVICE | $10,000 |
| INTERNATIONAL FELLOWSHIP OF CHRISTIANS AND JEWS | |||||||
| 303 EAST WACKER DRIVE SUITE 2300 | CHICAGO | IL | 60601 | N/A | PUBLIC | PROVIDING COMMUNITY SERVICE | $10,000 |
| JEWISH COMMUNITY FOUNDATION | |||||||
| 6505 WILSHIRE BLVD STE 1200 | LOS ANGELES | CA | 90048 | N/A | PUBLIC | SUPPORTING HIGHER EDUCATION | $10,000 |
| LOYOLA MARYMOUNT UNIVERSITY | |||||||
| 1 LMU DRIVE | LOS ANGELES | CA | 90045 | N/A | PUBLIC | SUPPORTING HIGHER EDUCATION | $125,000 |
| PROSTATE CANCER FOUNDATION | |||||||
| 1250 4TH STREET | SANTA MONICA | CA | 90401 | N/A | PUBLIC | FUNDING CANCER RESEARCH | $50,000 |
| THE MAHLER FOUNDATION | |||||||
| 1362 PACIFIC AVE | SANTA CRUZ | CA | 95060 | N/A | PUBLIC | SUPPORTING MUSICAL PRODUCTION | $10,000 |
| TUNNEL TO TOWERS FOUNDATION | |||||||
| 2361 HYLAN BOULEVARD | STATEN ISLAND | NY | 10306 | N/A | PUBLIC | PROVIDING COMMUNITY SERVICES | $20,000 |
| COLEL CHABAD | |||||||
| 806 EASTERN PARKWAY | BROOKLYN | NY | 11213 | N/A | PUBLIC | PROVIDING COMMUNITY SERVICES | $10,000 |
| LOS ANGELES REGIONAL FOOD BANK | |||||||
| 1734 EAST 41ST STREET | LOS ANGELES | CA | 90058 | N/A | PUBLIC | PROVIDING COMMUNITY SERVICES | $10,000 |
| REMOTE AREA MEDICAL VOLUNTEER CORPS | |||||||
| 2200 STOCK CREEK BOULEVARD | ROCKFORD | TN | 37853 | N/A | PUBLIC | PROVIDING COMMUNITY SERVICES | $10,000 |
| SELFHELP COMMUNITY SERVICES FOUNDATION | |||||||
| 520 EIGHT AVE 5TH FLR | NEW YORK | NY | 10018 | N/A | PUBLIC | PROVIDING COMMUNITY SERVICES | $10,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $600,000 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $1,115 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $8,236 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $34,507 | ExclusionAmt |
Other Revenue Described OtherRevenueDescribedGrp (4 entries)
| DescDesc | BusinessBusinessCd | Unrelated Business Taxbl IncmUnrelatedBusinessTaxblIncmAmt | ExclusionExclusionCd | ExclusionExclusionAmt |
|---|---|---|---|---|
| STRATFORD HALL INC | 531110 | $801,876 | ||
| HARWIT-KLARIS JOINT VENTURE | 531110 | $40,452 | 16 | $15,209 |
| WATSEKA PARTNERS | 531110 | $4,313 | 16 | $659 |
| TAX REFUNDS | 531110 | $10,000 | 01 | $5,542 |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $856,641 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $65,268 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $921,909 | 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 |
Compensation Explanation CompensationExplanation
Compensation Explanation CompensationExplanationGrp (2 entries)
| Short ExplanationShortExplanationTxt |
|---|
| FRANK LEE CPA |
| A CPA AND AN OFFICER AND SHAREHOLDER OF SCHWARTZ, KALES ACCOUNTANCY CORP. (SKAC), FRANK LEE IS A CO-TRUSTEE OF THE FOUNDATION AND WAS PAID ANNUAL COMPENSATION OF $50,000 FOR THE FISCAL YEAR ENDED 6/30/2025.THE COMPENSATION WAS PAID TO SKAC IN CONSIDERATION OF TRUSTEE SERVICES RENDERED, AND FOR ACCOUNTING, BOOKKEEPING AND TAX RETURNS PREPARATION.AN INDEPENDENT THIRD-PARTY CONSULTING FIRM WAS ENGAGED TO DETERMINE THE REASONABLENESS OF THE TRUSTEES' COMPENSATION. THEY CONCLUDED THAT THE FEES PAID TO THE CO-TRUSTEE WERE CONSIDERABLY LOWER THAN WHAT IS REGARDED AS "REASONABLE COMPENSATION UNDER THE CIRCUMSTANCES" PER CALIFORNIA PROBATE CODE SECTION 15681. |
| JOEL LEVINE ESQ |
| JOEL LEVINE, ESQ WAS PAID ANNUAL COMPENSATION OF $50,000 FOR THE FISCAL YEAR ENDED 6/30/2025. THE COMPENSATION WAS PAID IN CONSIDERATION OF TRUSTEE SERVICES RENDERED.AN INDEPENDENT THIRD-PARTY CONSULTING FIRM WAS ENGAGED TO DETERMINE THE REASONABLENESS OF THE TRUSTEES' COMPENSATION. THEY CONCLUDED THAT THE FEES PAID TO THE CO-TRUSTEE WERE CONSIDERABLY LOWER THAN WHAT IS REGARDED AS "REASONABLE COMPENSATION UNDER THE CIRCUMSTANCES" PER CALIFORNIA PROBATE CODE SECTION 15681. |
General Explanation Attachment GeneralExplanationAttachment
General Explanation GeneralExplanationGrp (3 entries)
| IdentifierIdentifierTxt | Form And Line ReferenceFormAndLineReferenceDesc | Medium ExplanationMediumExplanationTxt |
|---|---|---|
| ADDITIONAL INFORMATION | FORM 990-PF; PART VI-A; QUESTION 11 | THE FOUNDATION OWNS A 50% SHARE BUT DOES NOT CONTROL STRATFORD HALL, INC.PAUL LESTER FAMILY TRUST OWNS THE OTHER 50% SHARE OF STRATFORD HALL, INC. PAUL LESTER (TIN: XXX-XX-XXXX) IS THE BROTHER OF THE GRANTOR, MONICA LESTER (DECEASED).DURING THE FISCAL YEAR ENDED JUNE 30, 2025, THE FOUNDATION DID NOT CONTRIBUTE ANY CAPITAL TO STRATFORD HALL, INC. THE FOUNDATION RECEIVED CASH DISTRIBUTIONS FROM STRATFORD HALL, INC. |
| ADDITIONAL INFORMATION | FORM 990-PF; PART VI-A; QUESTION 11 | THE MONICA LESTER CHARITABLE TRUST ("THE CHARITY") HAS A 15.835% SHARE IN HARWIT KLARIS JOINT VENTURE ("HKJV") FEIN # 95-2920176 AND DOES NOT OTHERWISE CONTROL HKJV.ADDITIONAL DISCLOSURES REGARDING OWNERSHIP OF HARWIT-KLARIS JOINT VENTURE (HKJV):AS OF JUNE 30, 2025, THE ELIAS, GENEVIEVE AND GEORGIANNA ATOL CHARITABLE TRUST FEIN # 51-6590472 OWNS 15.835% OF HKJV.AS OF JUNE 30, 2025, ESTELLE NORA HARWIT AMRANI 2003 IRREVOCABLE FAMILY TRUST; FEIN #68-6231448 ("NORA'S TRUST ") OWNS 9.19% OF HKJV. ESTELLE NORA HARWIT AMRANI IS THE SOLE BENEFICIARY OF NORA'S TRUST.AS OF JUNE 30, 2025, STEVEN HARWIT 2003 IRREVOCABLE FAMILY TRUST ("STEVEN'S TRUST") FEIN # 68-6231447 OWNS 9.19% OF HKJV. STEVEN HARWIT IS THE SOLE BENEFICIARY OF STEVEN'S TRUST.AS OF JUNE 30, 2025, THE J. SAMUEL HARWIT Z"L AND MANYA HARWIT-AVIV CHARITABLE TRUST FEIN #95-6949206 OWNS 34.21% OF HKJV. THE MAILING ADDRESS OF BOTH THE CHARITY AND THE J. SAMUEL HARWIT Z"L AND MANYA HARWIT-AVIV CHARITABLE TRUST IS: 6310 SAN VICENTE BLVD # 250 LOS ANGELES CALIFORNIA 90048.ONE OF TWO CO-TRUSTEES OF THE CHARITY, FRANK LEE, CPA, HAS THE FOLLOWING ADDITIONAL FIDUCIARY DUTIES: 1. CO-TRUSTEE OF THE ELIAS, GENEVIEVE AND GEORGIANNA ATOL CHARITABLE TRUST. 2. SOLE TRUSTEE OF NORA'S TRUST.3. SOLE TRUSTEE OF STEVEN'S TRUST.4. CO-TRUSTEE OF THE J. SAMUEL HARWIT Z"L AND MANYA HARWIT-AVIV CHARITABLE TRUST .JOEL LEVINE, ESQ., A CO-TRUSTEE OF THE FOUNDATION, IS ALSO A CO-TRUSTEE OF THE J. SAMUEL HARWIT Z"L AND MANYA HARWIT-AVIV CHARITABLE TRUST. DURING THE FISCAL YEAR ENDED JUNE 30, 2025, THE CHARITY DID NOT MAKE ANY CASH CAPITAL CONTRIBUTIONS TO HKJV. THE CHARITY RECEIVED CASH DISTRIBUTIONS FROM HKJV. |
| ADDITIONAL INFORMATION | FORM 990-PF; PART VI-B; QUESTION 3A | THE FOUNDATION OWNS 50% CAPITAL STOCK OF STRATFORD HALL INC.UNDER IRC SECTION 4943(D)(3), STRATFORD HALL INC. IS NOT CONSIDERED A BUSINESS ENTERPRISE SINCE MORE THAN 95% OF ITS INCOME IS DERIVED FROM PASSIVE SOURCES (AS DEFINED UNDER IRC SECTION 512(B)(1),(2),(3)). |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (9 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| 18 ALPHABET INC (GOOGLE, INC) | $6,599 | $42,574 |
| AMAZON.COM (AMZN) | $15,243 | $36,199 |
| 145 APPLE (AAPL) | $1,822 | $29,750 |
| 1175 BANK OF AMERICA (BAC) | $10,129 | $28,865 |
| 50 HOME DEPOT INC (HD) | $10,828 | $18,332 |
| 85 MICROSOFT CORP | $3,219 | $42,280 |
| 750 SEA LIMITED ADR (SE) | $19,562 | $35,187 |
| 150 VISA INC | $1,743 | $28,404 |
| 145 WD-40 CO | $10,232 | $33,073 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (3 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| 15.835% INTEREST HARWIT KLARIS JOINT VENTURE | AT COST | $570,590 | $1,000,000 |
| 3% INTEREST WATSEKA PARTNERS, LP | AT COST | $0 | $300,000 |
| 50% INTEREST STRATFORD HALL, INC. | AT COST | $9,288,463 | $11,000,000 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp (2 entries)
| CategoryCategoryTxt | Legal FeesLegalFeesAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| LEGAL FEES | $258,737 | $2,963 | $10,000 |
| OTHER PROFESSIONAL FEES | $2,975 | $149 | $0 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | BANK CHARGES | Desc |
| Revenue And Expenses Per Books | $1,660 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | $1,660 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (6 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|---|
| STRATFORD HALL INC | $801,876 | $801,876 | |
| HARWIT-KLARIS JOINT VENTURE | $55,661 | $55,661 | $15,209 |
| WATSEKA PARTNERS | $4,972 | $4,972 | $659 |
| WATSEKA PARTNERS | $4,972 | $4,972 | |
| HARWIT-KLARIS JOINT VENTURE | $55,662 | $55,662 | |
| TAX REFUNDS | $15,542 | $15,542 | $99 |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | 3% INTEREST WATSEKA PARTNERS, LP | Desc |
| BOY Book Value | $0 | BOYBookValueAmt |
| EOY Book Value | $332 | EOYBookValueAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| FOREIGN TAX PAID | $319 | $319 | $0 |
| FEES, TAXES & OTHERS | $159,405 | $635 | $0 |
| FILING FEES-RRF-1 | $100 | $0 | $100 |
Comments