MAURICE AND LENA RUSSO FAM FOUNDATION: Form 990PF, tax year 2016

View the entire original 990 at ProPublica ↗

Organization: MAURICE AND LENA RUSSO FAM FOUNDATION (EIN 47-2477939)
Tax period: 2016-01-01 to 2016-12-31
Filed: 2018-01-26
IRS object ID: 201800269349100700
Schema version: 2016v3.0
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
Schedule B
Accounting Fees Schedule
General Explanation Attachment
Other Income Schedule2
Taxes Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2018-01-26T10:39:58-00:00	ReturnTs
Tax Period End	2016-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	David J DePinto CPA PC	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	737 Smithtown Bypass	AddressLine1Txt
City	Smithtown	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	11787	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnTypeCd
Tax Period Begin	2016-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	472477939	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	Maurice and Lena Russo Family Foundation	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	MAUR	BusinessNameControlTxt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	401 Broadway Room 1712	AddressLine1Txt
City	New York	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	10013	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	Albert Russo	PersonNm
Person Title	Director	PersonTitleTxt
Signature	2018-01-26	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	David J DePinto	PreparerPersonNm
Phone	6312498200	PhoneNum
Preparation	2018-01-26	PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

Field	Value	IRS element (for citing)
I Pv4 Address	68.195.234.98	IPv4AddressTxt

Field	Value	IRS element (for citing)
IP	2018-01-26	IPDt
IP Tm	15:29:54	IPTm
IP Timezone	ES	IPTimezoneCd
Federal Original Submission Id	1209762017132q1qw3mp	FederalOriginalSubmissionId
Federal Original Submission Id	2017-11-06	FederalOriginalSubmissionIdDt
Filing License Type	P	FilingLicenseTypeCd
At Submission Creation Device Id	E1827652EB73EBA8AF462B8DE38F53B554B1EB62	AtSubmissionCreationDeviceId
At Submission Filing Device Id	E1827652EB73EBA8AF462B8DE38F53B554B1EB62	AtSubmissionFilingDeviceId

Field	Value	IRS element (for citing)
Tax	2016	TaxYr
Build TS	2021-01-29 14:40:06Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
FMV Assets EOY	$99,095	FMVAssetsEOYAmt
Method Of Accounting Cash	Yes (X)	MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Contri Rcvd Rev And Expnss	$75,000	ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss	$435	InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm	$435	InterestOnSavNetInvstIncmAmt
Cap Gain Net Incm Net Invst Incm	$0	CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss	$50	OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm	$50	OtherIncomeNetInvstIncmAmt
Total Rev And Expnss	$75,485	TotalRevAndExpnssAmt
Total Net Invst Incm	$485	TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss	$1,545	AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm	$300	AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps	$1,245	AccountingFeesChrtblPrpsAmt
Taxes Rev And Expnss	$75	TaxesRevAndExpnssAmt
Taxes Net Invst Incm	$75	TaxesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss	$1,620	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$375	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$1,245	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$41,800	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$41,800	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$43,420	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$375	TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl	$43,045	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	$32,065	ExcessRevenueOverExpensesAmt
Net Investment Income	$110	NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Sav And Temp Cash Invst BOY	$67,030	SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY	$99,095	SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV	$99,095	SavAndTempCashInvstEOYFMVAmt
Total Assets BOY	$67,030	TotalAssetsBOYAmt
Total Assets EOY	$99,095	TotalAssetsEOYAmt
Total Assets EOYFMV	$99,095	TotalAssetsEOYFMVAmt
Total Liabilities EOY	$0	TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117	Yes (X)	OrgDoesNotFollowSFAS117Ind
Capital Stock BOY	$67,030	CapitalStockBOYAmt
Retained Earning EOY	$99,095	RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY	$67,030	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$99,095	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$67,030	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$99,095	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$67,030	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	$32,065	ExcessRevenueOverExpensesAmt
Subtotal	$99,095	SubtotalAmt
Tot Net Ast Or Fund Balances EOY	$99,095	TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

Field	Value	IRS element (for citing)
Liable Section4942 Tax	false	LiableSection4942TaxInd
Adjusted Qlfy Distri Yr1	$33,000	AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1	$22,918	NetVlNoncharitableAssetsYr1Amt
Distribution Yr1	001.439916	DistributionYr1Rt
Total Distribution	001.439916	TotalDistributionRt
Average Distribution	000.719958	AverageDistributionRt
Net Vl Noncharitable Assets	$73,233	NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets	$52,725	AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct	$1	NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct	$52,726	AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions	$43,045	QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Investment Income Excise Tax	$2	InvestmentIncomeExciseTaxAmt
Subtotal	$2	SubtotalAmt
Tax Based On Investment Income	$2	TaxBasedOnInvestmentIncomeAmt
Applied To Es Tax	$4	AppliedToEsTaxAmt
Total Payments And Credits	$4	TotalPaymentsAndCreditsAmt
Original Return Tax Paid	$4	OriginalReturnTaxPaidAmt
Overpayment	$2	OverpaymentAmt
Applied To ES Tax	$2	AppliedToESTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

Field	Value	IRS element (for citing)
Form1120 POL Filed	false	Form1120POLFiledInd
Activities Not Previously Rpt	false	ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws	false	ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit	false	UnrelatedBusIncmOverLimitInd
Organization Dissolved Etc	false	OrganizationDissolvedEtcInd
Section508e Rqr Satisfied	false	Section508eRqrSatisfiedInd
At Least5000 In Assets	Yes (true)	AtLeast5000InAssetsInd
Org Report Or Register State	NY	OrgReportOrRegisterStateCd
Form990 PF Filed With Atty Gen	Yes (true)	Form990PFFiledWithAttyGenInd
Private Operating Foundation	false	PrivateOperatingFoundationInd
New Substantial Contributors	false	NewSubstantialContributorsInd
Own Controlled Entity	false	OwnControlledEntityInd
Donor Advised Fund	false	DonorAdvisedFundInd
Comply With Public Insp Rqr	Yes (true)	ComplyWithPublicInspRqrInd
Individual With Books	Albert Russo	IndividualWithBooksNm
Phone	2129660775	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	401 Broadway Suite 1712	AddressLine1Txt
City	New York	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	10001	ZIPCd

Field	Value	IRS element (for citing)
Foreign Accounts Question	false	ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Field	Value	IRS element (for citing)
Sale Or Exch Disqualified Prsn	false	SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn	false	BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified Prsn	false	FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified Prsn	false	PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn	false	TransferAstDisqualifiedPrsnInd
Payment To Government Official	false	PaymentToGovernmentOfficialInd
Uncorrected Prior Acts	false	UncorrectedPriorActsInd
Undistributed Income PY	false	UndistributedIncomePYInd
Business Holdings	false	BusinessHoldingsInd
Jeopardy Investments	false	JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst	false	UncorrectedPYJeopardyInvstInd
Influence Legislation	false	InfluenceLegislationInd
Influence Election	false	InfluenceElectionInd
Grants To Individuals	false	GrantsToIndividualsInd
Grants To Organizations	false	GrantsToOrganizationsInd
Noncharitable Purpose	false	NoncharitablePurposeInd
Maintained Expenditure Rspns	false	MaintainedExpenditureRspnsInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	false	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	false	PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTransInd

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
Albert V Russo
401 Broadway Suite 1712	New York	NY	10013	Director	005.00	$0
Clifton Russo
401 Broadway Suite 1712	New York	NY	10013	Director	005.00	$0
Lawrence Russo
401 Broadway Suite 1712	New York	NY	10013	Director	005.00	$0

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

Field	Value	IRS element (for citing)
Description1	N/A	Description1Txt
Expenses1	$0	Expenses1Amt

Minimum Investment Return MinimumInvestmentReturnGrp

Field	Value	IRS element (for citing)
Average Monthly FMV Of Sec	$0	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$74,348	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$0	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$74,348	TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast	$74,348	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$1,115	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$73,233	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$3,662	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$3,662	MinimumInvestmentReturnAmt
Tax Based On Investment Income	$2	TaxBasedOnInvestmentIncomeAmt
Total Tax	$2	TotalTaxAmt
Distributable Before Adj	$3,660	DistributableBeforeAdjAmt
Distributable Before Ded	$3,660	DistributableBeforeDedAmt
Distributable As Adjusted	$3,660	DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$43,045	ExpensesAndContributionsAmt
Qualifying Distributions	$43,045	QualifyingDistributionsAmt
Adjusted Qualifying Distri	$43,045	AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$3,660	DistributableAsAdjustedAmt
Excess Distribution Cyov Yr1	$33,000	ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov	$33,000	TotalExcessDistributionCyovAmt
Qualifying Distributions	$43,045	QualifyingDistributionsAmt
Applied To Current Year	$3,660	AppliedToCurrentYearAmt
Remaining Distri From Corpus	$39,385	RemainingDistriFromCorpusAmt
Total Corpus	$72,385	TotalCorpusAmt
Undistributed Income CY	$0	UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr	$72,385	ExcessDistriCyovToNextYrAmt
Excess From Year1	$33,000	ExcessFromYear1Amt
Excess From Current Year	$39,385	ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

Field	Value	IRS element (for citing)
Only Contri To Preselected	Yes (X)	OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (3 entries)

Address Line1RecipientUSAddress/AddressLine1Txt	CityRecipientUSAddress/CityNm	State AbbreviationRecipientUSAddress/StateAbbreviationCd	ZIPRecipientUSAddress/ZIPCd	Recipient Foundation StatusRecipientFoundationStatusTxt	Grant Or Contribution PurposeGrantOrContributionPurposeTxt	AmtAmt
American Friends of the Wingate Institue for Physical Education and Sport I
150 Avenue L	Newark	NJ	07105	PC	Donation	$30,000
The Sephardic Temple
775 Branch Blvd	Cedarhurst	NY	11516	PC	Donation	$10,000
AMIT
817 Broadway 3rd Floor	New York	NY	10003	PC	Donation	$1,800

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$41,800	TotalGrantOrContriPdDurYrAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Field	Value	IRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO	false	TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO	false	TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets	false	SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO	false	PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets	false	RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements	false	ReimbursementArrangementsInd
Loans Or Loan Guarantees	false	LoansOrLoanGuaranteesInd
Performance Of Services Etc	false	PerformanceOfServicesEtcInd
Sharing Of Facilities Etc	false	SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO	false	RelationshipsNonchrtblEOInd

Schedule B IRS990ScheduleB

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
General Rule	Yes (X)	GeneralRuleInd

Contributor Information ContributorInformationGrp

Field	Value	IRS element (for citing)
Contributor	1	ContributorNum
Contributor Person	Lena Russo	ContributorPersonNm

Contributor US Address ContributorUSAddress

Field	Value	IRS element (for citing)
Address Line1	275 East Beech Street	AddressLine1Txt
City	Long Beach	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	11561	ZIPCd

Field	Value	IRS element (for citing)
Total Contributions	$75,000	TotalContributionsAmt
Person Contribution	Yes (X)	PersonContributionInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

Field	Value	IRS element (for citing)
Category	Tax Return Preparation	CategoryTxt
Amt	$1,545	Amt
Net Investment Income	$300	NetInvestmentIncomeAmt
Disbursements Charitable Prps	$1,245	DisbursementsCharitablePrpsAmt

General Explanation Attachment GeneralExplanationAttachment

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

Field	Value	IRS element (for citing)
Desc	Reversal of Bank Fees	Desc
Revenue And Expenses Per Books	$50	RevenueAndExpensesPerBooksAmt
Net Investment Income	$50	NetInvestmentIncomeAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

Field	Value	IRS element (for citing)
Category	NYS Foundation Fee	CategoryTxt
Amt	$75	Amt
Net Investment Income	$75	NetInvestmentIncomeAmt

MAURICE AND LENA RUSSO FAM FOUNDATION: Form 990PF, tax year 2016

Return header ReturnHeader

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

Preparer US Address PreparerUSAddress

Filer Filer

Business Name BusinessName

US Address USAddress

Business Officer BusinessOfficerGrp

Preparer Person PreparerPersonGrp

Filing Security Information FilingSecurityInformation

IP Address IPAddress

Form 990-PF IRS990PF

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Statements Regarding Acty StatementsRegardingActyGrp

Location Of Books US Address LocationOfBooksUSAddress

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

Minimum Investment Return MinimumInvestmentReturnGrp

Distributable Amount DistributableAmountGrp

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

Undistributed Income UndistributedIncomeGrp

Supplementary Information SupplementaryInformationGrp

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (3 entries)

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

Contributor US Address ContributorUSAddress

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

General Explanation Attachment GeneralExplanationAttachment

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

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