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THE GELT FOUNDATION INC: Form 990EZ, tax year 2017

View the entire original 990 at ProPublica ↗

Organization
THE GELT FOUNDATION INC (EIN 82-1521845)
Tax period
2017-05-04 to 2017-12-31
Filed
2018-08-10
IRS object ID
201802229349200810
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)
Return2018-08-10T14:09:40-05:00ReturnTs
Tax Period End2017-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN954346929PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1LODGEN LACHER ET AL CPA'SBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line116530 VENTURA BOULEVARD SUITE 305AddressLine1Txt
CityENCINOCityNm
State AbbreviationCAStateAbbreviationCd
ZIP914362006ZIPCd
FieldValueIRS element (for citing)
Return Type990EZReturnTypeCd
Tax Period Begin2017-05-04TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN821521845EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE GELT FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlGELTBusinessNameControlTxt
Phone8189381687PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line118751 VENTURA BLVD 2ND FLOORAddressLine1Txt
CityTARZANACityNm
State AbbreviationCAStateAbbreviationCd
ZIP91356ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonKEITH WASSERMANPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone8189381687PhoneNum
Signature2018-08-08SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonAARON LEVYPreparerPersonNm
PTINP01244161PTIN
Phone8187830570PhoneNum
FieldValueIRS element (for citing)
Tax2017TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-EZ IRS990EZ

FieldValueIRS element (for citing)
Address ChangeYes (X)AddressChangeInd
Initial ReturnYes (X)InitialReturnInd
Method Of Accounting CashYes (X)MethodOfAccountingCashInd
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Website AddressHTTPS://WWW.THEGELTFOUNDATION.ORG/WebsiteAddressTxt
Organization501c3Yes (X)Organization501c3Ind
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Gross Receipts$70,509GrossReceiptsAmt
Info In Schedule O Part IYes (X)InfoInScheduleOPartIInd
Contributions Gifts Grants Etc$70,509ContributionsGiftsGrantsEtcAmt
Total Revenue$70,509TotalRevenueAmt
Grants And Similar Amounts Paid$10,721GrantsAndSimilarAmountsPaidAmt
Fees And Other Pymt To Ind Cntrct$5,000FeesAndOtherPymtToIndCntrctAmt
Other Expenses Total$12,243OtherExpensesTotalAmt
Total Expenses$27,964TotalExpensesAmt
Excess Or Deficit For Year$42,545ExcessOrDeficitForYearAmt
Net Assets Or Fund Balances BOY$0NetAssetsOrFundBalancesBOYAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Net Assets Or Fund Balances EOY$42,545NetAssetsOrFundBalancesEOYAmt

Cash Savings And Investments CashSavingsAndInvestmentsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$42,545EOYAmt

Form990 Total Assets Form990TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$42,545EOYAmt

Sum Of Total Liabilities SumOfTotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Net Assets Or Fund Balances NetAssetsOrFundBalancesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$42,545EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
Primary Exempt PurposeTO HELP RESPONSIBLE TENANTS STAY IN THEIR APARTMENTS DURING AN UNEXPECTED FINANCIAL EMERGENCY.PrimaryExemptPurposeTxt

Program Srvc Accomplishment ProgramSrvcAccomplishmentGrp

FieldValueIRS element (for citing)
Description Program Srvc AccomRENTAL ASSISTANCE IN THE FORM OF GRANTS TO INDIVIDUALS FACING EVICTION.DescriptionProgramSrvcAccomTxt
Grants And Allocations$10,721GrantsAndAllocationsAmt
Program Service Expenses$0ProgramServiceExpensesAmt
FieldValueIRS element (for citing)
Total Program Service Expenses$0TotalProgramServiceExpensesAmt

Officer Director Trustee Empl OfficerDirectorTrusteeEmplGrp (5 entries)

TitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
DAMIAN LANGERE
DIRECTOR8.00$0$0$0
ERIC ADLER
DIRECTOR2.00$0$0$0
KEITH WASSERMAN
PRESIDENT8.00$0$0$0
THERESE OSWALD
EXECUTIVE DIRECTOR40.00$0$0$0
DEANNA FARNELL
TREASURER2.00$0$0$0
FieldValueIRS element (for citing)
Activities Not Previously Rpt0ActivitiesNotPreviouslyRptInd
Chg Made To Orgnzng Doc Not Rpt0ChgMadeToOrgnzngDocNotRptInd
Organization Had UBI0OrganizationHadUBIInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Organization Dissolved Etc0OrganizationDissolvedEtcInd
Direct Indirect Pltcl Expend$0DirectIndirectPltclExpendAmt
Made Loans To From Officers0MadeLoansToFromOfficersInd
Tax Imposed Under IRC4911$0TaxImposedUnderIRC4911Amt
Tax Imposed Under IRC4912$0TaxImposedUnderIRC4912Amt
Tax Imposed Under IRC4955$0TaxImposedUnderIRC4955Amt
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
Tax Imposed On Organization Mgr$0TaxImposedOnOrganizationMgrAmt
Tax Reimbursed By Organization$0TaxReimbursedByOrganizationAmt
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
States Where Copy Of Return Is FldCAStatesWhereCopyOfReturnIsFldCd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE ORGANIZATIONBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line118751 VENTURA BLVD 2ND FLOORAddressLine1Txt
CityTARZANACityNm
State AbbreviationCAStateAbbreviationCd
ZIP91356ZIPCd
FieldValueIRS element (for citing)
Phone8189381687PhoneNum
FieldValueIRS element (for citing)
Foreign Financial Account0ForeignFinancialAccountInd
Foreign Office0ForeignOfficeInd
Donor Advised Fnds0DonorAdvisedFndsInd
Operate Hospital0OperateHospitalInd
Tanning Services Provided0TanningServicesProvidedInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
School Operating0SchoolOperatingInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Part VI Of Comp Of Hghst Pd EmplNONEPartVIOfCompOfHghstPdEmplTxt
Part VI Hghst Pd Cntrct Prof SrvcNONEPartVIHghstPdCntrctProfSrvcTxt
Filed Schedule AYes (1)FiledScheduleAInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year$70,009CurrentTaxYearAmt
Total$70,009TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year$70,009CurrentTaxYearAmt
Total$70,009TotalAmt
FieldValueIRS element (for citing)
Public Support Total170$70,009PublicSupportTotal170Amt
Total Support$70,009TotalSupportAmt
First5 Years170Yes (X)First5Years170Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

FieldValueIRS element (for citing)
Form And Line ReferencePART II, SHORT YEAR EXPLANATION:FormAndLineReferenceDesc
ExplanationMAY 4, 2017 WAS THE FOUNDATIONS FIRST DAY OF OPERATIONS. ACCORDINGLY, 2017 WAS A SHORT YEAR TAX RETURN.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAIDACTIVITY CLASSIFICATION: PAYMENTS FOR HOUSING. GRANTEE NAME: VARIOUS. PROPERTY DESCRIPTION: CASH. DATE OF GIFT: VARIOUS. AMOUNT GIVEN: 10,721.
FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSESDESCRIPTION: BANK FEES. AMOUNT: 243. DESCRIPTION: WEBSITE DESIGN. AMOUNT: 12,000. TOTAL TO FORM 990-EZ, LINE 16: 12,243.
FORM 990 EZ, PART ITHE OFFICERS OF THE GELT FOUNDATION, KEITH WASSERMAN AND DAMIAN LANGERE CONTRIBUTED $17,243 THROUGH THEIR FOR-PROFIT ORGANIZATION, GELT VENTURES, LLC TO COVER THE EXPENSES OF THE ORGANIZATION. THIS $17,243 COVERED THE WEBSITE DESIGN AND RETAINER FOR LAWYERS. ALL OTHER CONTRIBUTIONS WERE USED FOR THE EXEMPT PURPOSE OF THE ORGANIZATION, ASSISTING RESPONSIBLE TENANTS STAY IN THEIR APARTMENTS.

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