BETA

BETTY & NORMAN F LEVY FOUNDATION INC: Form 990PF, tax year 2016

View the entire original 990 at ProPublica ↗

Organization
BETTY & NORMAN F LEVY FOUNDATION INC (EIN 13-2553674)
Tax period
2016-10-01 to 2017-09-30
Filed
2018-02-15
IRS object ID
201800469349100115
Schema version
2016v3.1
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)
Return2018-02-15T15:01:50-06:00ReturnTs
Tax Period End2017-09-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1WITHUMSMITHBROWN PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11411 BROADWAY 9TH FLOORAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10018ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2016-10-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN132553674EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE BETTY & NORMAN F LEVY FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
In Care Of% FRANCIS LEVYInCareOfNm
Business Name ControlBETTBusinessNameControlTxt
Phone2127519100PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1C/O WITHUMSMITHBROWN1411 BDWY SuiAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10018ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonFRANCIS LEVYPersonNm
Person TitleCO-PRES/DIRECTORPersonTitleTxt
Phone2127519100PhoneNum
Signature2018-02-15SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonROBERT DEMMETT CPAPreparerPersonNm
PTINP00103809PTIN
Phone2127519100PhoneNum
Preparation2018-02-15PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address198.46.120.251IPv4AddressTxt
FieldValueIRS element (for citing)
Federal Original Submission Id22006220180465000184FederalOriginalSubmissionId
Federal Original Submission Id2018-02-15FederalOriginalSubmissionIdDt
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device Id950D43D7442C95CBD1A1AAD1BE31BBDB5D2D18D8AtSubmissionCreationDeviceId
At Submission Filing Device Id2B41DBF7EE39E881A20E306F07B8071EC36B2789AtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2016TaxYr
Build TS2021-01-29 14:40:06ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$540,330FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$0ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$5,622InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$5,622InterestOnSavNetInvstIncmAmt
Cap Gain Net Incm Net Invst Incm$0CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$5,622TotalRevAndExpnssAmt
Total Net Invst Incm$5,622TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$0CompOfcrDirTrstRevAndExpnssAmt
Accounting Fees Rev And Expnss$2,800AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$2,800AccountingFeesNetInvstIncmAmt
Accounting Fees Adj Net Incm$0AccountingFeesAdjNetIncmAmt
Accounting Fees Chrtbl Prps$0AccountingFeesChrtblPrpsAmt
Tot Opr Expenses Rev And Expnss$2,800TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$2,800TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm$0TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$127,500ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$127,500ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$130,300TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$2,800TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm$0TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$127,500TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$124,678ExcessRevenueOverExpensesAmt
Net Investment Income$2,822NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$664,683CashBOYAmt
Cash EOY$540,005CashEOYAmt
Cash EOYFMV$540,005CashEOYFMVAmt
Other Assets BOY$325OtherAssetsBOYAmt
Other Assets EOY$325OtherAssetsEOYAmt
Other Assets EOYFMV$325OtherAssetsEOYFMVAmt
Total Assets BOY$665,008TotalAssetsBOYAmt
Total Assets EOY$540,330TotalAssetsEOYAmt
Total Assets EOYFMV$540,330TotalAssetsEOYFMVAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Capital Stock BOY$665,008CapitalStockBOYAmt
Capital Stock EOY$540,330CapitalStockEOYAmt
Tot Net Ast Or Fund Balances BOY$665,008TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$540,330TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$665,008TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$540,330TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$665,008TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$124,678ExcessRevenueOverExpensesAmt
Subtotal$540,330SubtotalAmt
Tot Net Ast Or Fund Balances EOY$540,330TotNetAstOrFundBalancesEOYAmt
FieldValueIRS element (for citing)
Cap Gains Loss Tx Invst Incm DetailCapGainsLossTxInvstIncmDetail

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$52,500AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$669,766NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.078386DistributionYr1Rt
Adjusted Qlfy Distri Yr2$84,250AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$738,204NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.114128DistributionYr2Rt
Adjusted Qlfy Distri Yr3$544,223AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$838,621NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.64895DistributionYr3Rt
Adjusted Qlfy Distri Yr4$10,851AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$790,787NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.013722DistributionYr4Rt
Adjusted Qlfy Distri Yr5$0AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$2,295,373NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.0DistributionYr5Rt
Total Distribution0.855186TotalDistributionRt
Average Distribution0.171037AverageDistributionRt
Net Vl Noncharitable Assets$572,855NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$97,979AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$28NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$98,007AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$127,500QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eYes (X)DomesticOrgMeetingSect4940eInd
Investment Income Excise Tax$28InvestmentIncomeExciseTaxAmt
Subtotal$28SubtotalAmt
Tax Based On Investment Income$28TaxBasedOnInvestmentIncomeAmt
Total Payments And Credits$0TotalPaymentsAndCreditsAmt
Tax Due$28TaxDueAmt

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
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 Line1FRANCIS LEVYBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2127519100PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1C/O WITHUMSMITHBROWN PC1411 BDWYAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10018ZIPCd
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
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Undistr Incm Sect4942a2 Not AppfalseUndistrIncmSect4942a2NotAppInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (4 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
FRANCIS N LEVY
C/O WSBPC 1411 BROADWAY 9TH FLNEW YORKNY10018CO-PRES/DIRECTOR0$0$0$0
JEANE LEVY CHURCH
C/O WSBPC 1411 BROADWAY 9TH FLNEW YORKNY10018CO-PRES/DIRECTOR0$0$0$0
HALLIE D COHEN
C/O WSBPC 1411 BROADWAY 9TH FLNEW YORKNY10018SECTY/TREASURER/DIRECTOR0$0$0$0
KENNETH LEVY CHURCH
C/O WSBPC 1411 BROADWAY 9TH FLNEW YORKNY10018VP/DIRECTOR0$0$0$0
FieldValueIRS element (for citing)
Summary Of Direct Chrtbl ActySummaryOfDirectChrtblActyGrp
Sum Of Program Related InvstSumOfProgramRelatedInvstGrp

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$581,254AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$325FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$581,579TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$581,579AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$8,724CashDeemedCharitableAmt
Net Vl Noncharitable Assets$572,855NetVlNoncharitableAssetsAmt
Minimum Investment Return$28,643MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$28,643MinimumInvestmentReturnAmt
Tax Based On Investment Income$28TaxBasedOnInvestmentIncomeAmt
Total Tax$28TotalTaxAmt
Distributable Before Adj$28,615DistributableBeforeAdjAmt
Distributable Before Ded$28,615DistributableBeforeDedAmt
Distributable As Adjusted$28,615DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$127,500ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Charitable Assets Acquis Paid$0CharitableAssetsAcquisPaidAmt
Set Aside Suitability Test$0SetAsideSuitabilityTestAmt
Set Aside Cash Distri Test$0SetAsideCashDistriTestAmt
Qualifying Distributions$127,500QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm$28PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri$127,472AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$28,615DistributableAsAdjustedAmt
Undistributed Income PY$0UndistributedIncomePYAmt
Prior Year12014PriorYear1Yr
Prior Year22013PriorYear2Yr
Prior Year32012PriorYear3Yr
Total For Prior Years$0TotalForPriorYearsAmt
Excess Distribution Cyov Yr3$502,292ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$47,340ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$19,012ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$568,644TotalExcessDistributionCyovAmt
Qualifying Distributions$127,500QualifyingDistributionsAmt
Applied To Year1$0AppliedToYear1Amt
Applied To Current Year$28,615AppliedToCurrentYearAmt
Remaining Distri From Corpus$98,885RemainingDistriFromCorpusAmt
Total Corpus$667,529TotalCorpusAmt
Prior Year Undistributed Incm$0PriorYearUndistributedIncmAmt
Taxable1$0Taxable1Amt
Taxable2$0Taxable2Amt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$667,529ExcessDistriCyovToNextYrAmt
Excess From Year3$502,292ExcessFromYear3Amt
Excess From Year2$47,340ExcessFromYear2Amt
Excess From Year1$19,012ExcessFromYear1Amt
Excess From Current Year$98,885ExcessFromCurrentYearAmt
FieldValueIRS element (for citing)
Private Operating FoundationsPrivateOperatingFoundationsGrp

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerNONEContributingManagerNm
Shareholder ManagerNONEShareholderManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (4 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
THE BROTHERHOOD SYNAGOGUE
28 GRAMERCY PARK SOUTHNEW YORKNY10003NONEPCUNRESTRICTED$75,000
THE UNTERMEYER GARDENS CONSERVANCY
945 N BROADWAYYONKERSNY10701NONEPCUNRESTRICTED$2,500
INTERNATIONAL RESCUE COMMITTEE
122 East 42nd StreetNEW YORKNY10168NONEPCUNRESTRICTED$25,000
FILM FORUM
209 W HUDSON STREETNEW YORKNY10014NONEPCUNRESTRICTED$25,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$127,500TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

FieldValueIRS element (for citing)
Fees Contracts From Govt AgFeesContractsFromGovtAgGrp
Membership Dues And AssmntMembershipDuesAndAssmntGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$5,622ExclusionAmt
FieldValueIRS element (for citing)
Div And Int From Sec Part VIIDivAndIntFromSecPartVIIGrp
Net Rntl Incm Re Debt Fincd PropNetRntlIncmReDebtFincdPropGrp
Net Rntl Incm Re Not Debt Fincd PropNetRntlIncmReNotDebtFincdProp
Net Rental Income Personal PropNetRentalIncomePersonalPropGrp
Other Investment Incm Part VIIOtherInvestmentIncmPartVIIGrp
Gain Sales Ast Oth Than InvntryGainSalesAstOthThanInvntryGrp
Net Income Loss From Special EvtNetIncomeLossFromSpecialEvtGrp
Gross Profit Loss Sls Of InvntryGrossProfitLossSlsOfInvntryGrp

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$5,622ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$5,622TotalIncomeProducingActyAmt

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)
CategoryACCOUNTANT/BOOKEEPING FEESCategoryTxt
Amt$2,800Amt
Net Investment Income$2,800NetInvestmentIncomeAmt

Depreciation Schedule DepreciationSchedule

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp

FieldValueIRS element (for citing)
DescORGANIZATIONAL EXPENSEDesc
BOY Book Value$325BOYBookValueAmt
EOY Book Value$325EOYBookValueAmt
EOYFMV$325EOYFMVAmt

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