MAURICE AND LENA RUSSO FAM FOUNDATION: Form 990PF, tax year 2017

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Organization: MAURICE AND LENA RUSSO FAM FOUNDATION (EIN 47-2477939)
Tax period: 2017-01-01 to 2017-12-31
Filed: 2018-11-13
IRS object ID: 201803179349101350
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
Form 990-PF
Schedule B
Accounting Fees Schedule
General Explanation Attachment
Other Decreases Schedule
Other Expenses Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2018-11-13T01:59:12-00:00	ReturnTs
Tax Period End	2017-12-31	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	2017-01-01	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	2018-11-13	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	2018-11-13	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	2018-11-13	IPDt
IP Tm	18:58:58	IPTm
IP Timezone	ES	IPTimezoneCd
Filing License Type	P	FilingLicenseTypeCd
At Submission Creation Device Id	875D310CC37DB531638213B86500B4490632B045	AtSubmissionCreationDeviceId
At Submission Filing Device Id	875D310CC37DB531638213B86500B4490632B045	AtSubmissionFilingDeviceId

Field	Value	IRS element (for citing)
Tax	2017	TaxYr
Build TS	2019-02-21 02:37:17Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
FMV Assets EOY	$64,066	FMVAssetsEOYAmt
Method Of Accounting Cash	Yes (X)	MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Cap Gain Net Incm Net Invst Incm	$0	CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss	$0	TotalRevAndExpnssAmt
Total Net Invst Incm	$0	TotalNetInvstIncmAmt
Other Expenses Rev And Expnss	$25	OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl	$25	OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss	$25	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$0	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$25	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$35,000	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$35,000	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$35,025	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$0	TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl	$35,025	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	-$35,025	ExcessRevenueOverExpensesAmt
Net Investment Income	$0	NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Sav And Temp Cash Invst BOY	$99,095	SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY	$64,066	SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV	$64,066	SavAndTempCashInvstEOYFMVAmt
Total Assets BOY	$99,095	TotalAssetsBOYAmt
Total Assets EOY	$64,066	TotalAssetsEOYAmt
Total Assets EOYFMV	$64,066	TotalAssetsEOYFMVAmt
Total Liabilities EOY	$0	TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117	Yes (X)	OrgDoesNotFollowSFAS117Ind
Retained Earning BOY	$99,095	RetainedEarningBOYAmt
Retained Earning EOY	$64,066	RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY	$99,095	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$64,066	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$99,095	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$64,066	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$99,095	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	-$35,025	ExcessRevenueOverExpensesAmt
Subtotal	$64,070	SubtotalAmt
Other Decreases	$4	OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY	$64,066	TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

Field	Value	IRS element (for citing)
Liable Section4942 Tax	false	LiableSection4942TaxInd
Adjusted Qlfy Distri Yr1	$43,045	AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1	$73,233	NetVlNoncharitableAssetsYr1Amt
Distribution Yr1	000.587781	DistributionYr1Rt
Adjusted Qlfy Distri Yr2	$33,000	AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2	$22,918	NetVlNoncharitableAssetsYr2Amt
Distribution Yr2	001.439916	DistributionYr2Rt
Total Distribution	002.027697	TotalDistributionRt
Average Distribution	000.405539	AverageDistributionRt
Net Vl Noncharitable Assets	$78,917	NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets	$32,004	AdjNetVlNoncharitableAssetsAmt
Adj Nonchrtbl Net Invst Incm Pct	$32,004	AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions	$35,025	QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Domestic Org Meeting Sect4940e	Yes (X)	DomesticOrgMeetingSect4940eInd
Investment Income Excise Tax	$0	InvestmentIncomeExciseTaxAmt
Estimated Plus Ovpmt Incm Tx	$2	EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits	$2	TotalPaymentsAndCreditsAmt
Original Return Tax Paid	$2	OriginalReturnTaxPaidAmt
Overpayment	$2	OverpaymentAmt
Applied To ES Tax	$2	AppliedToESTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

Field	Value	IRS element (for citing)
Legislative Political Acty	false	LegislativePoliticalActyInd
More Than100 Spent	false	MoreThan100SpentInd
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
Proceeds Or Net Income	false	ProceedsOrNetIncomeInd

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

Field	Value	IRS element (for citing)
Sum Of Program Related Invst		SumOfProgramRelatedInvstGrp

Minimum Investment Return MinimumInvestmentReturnGrp

Field	Value	IRS element (for citing)
Average Monthly FMV Of Sec	$0	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$80,119	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$0	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$80,119	TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast	$80,119	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$1,202	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$78,917	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$3,946	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$3,946	MinimumInvestmentReturnAmt
Distributable Before Adj	$3,946	DistributableBeforeAdjAmt
Distributable Before Ded	$3,946	DistributableBeforeDedAmt
Distributable As Adjusted	$3,946	DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$35,025	ExpensesAndContributionsAmt
Qualifying Distributions	$35,025	QualifyingDistributionsAmt
Adjusted Qualifying Distri	$35,025	AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$3,946	DistributableAsAdjustedAmt
Excess Distribution Cyov Yr2	$33,000	ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1	$39,385	ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov	$72,385	TotalExcessDistributionCyovAmt
Qualifying Distributions	$35,025	QualifyingDistributionsAmt
Applied To Current Year	$3,946	AppliedToCurrentYearAmt
Remaining Distri From Corpus	$31,079	RemainingDistriFromCorpusAmt
Total Corpus	$103,464	TotalCorpusAmt
Undistributed Income CY	$0	UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr	$103,464	ExcessDistriCyovToNextYrAmt
Excess From Year2	$33,000	ExcessFromYear2Amt
Excess From Year1	$39,385	ExcessFromYear1Amt
Excess From Current Year	$31,079	ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (2 entries)

Address Line1RecipientUSAddress/AddressLine1Txt	CityRecipientUSAddress/CityNm	State AbbreviationRecipientUSAddress/StateAbbreviationCd	ZIPRecipientUSAddress/ZIPCd	Recipient Foundation StatusRecipientFoundationStatusTxt	Grant Or Contribution PurposeGrantOrContributionPurposeTxt	AmtAmt
American Friends of the Wingate Institute for Physical Education
150 Avenue L	Newark	NJ	07105	PC	Donation	$30,000
Colel Chabad
806 Eastern Parkway	Brooklyn	NY	11213	PC	Donation	$5,000

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$35,000	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

Accounting Fees Schedule AccountingFeesSchedule

General Explanation Attachment GeneralExplanationAttachment

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

Field	Value	IRS element (for citing)
Desc	Federal Taxes	Desc
Amt	$4	Amt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

Field	Value	IRS element (for citing)
Desc	Bank Fees	Desc
Revenue And Expenses Per Books	$25	RevenueAndExpensesPerBooksAmt
Disbursements Charitable Prps	$25	DisbursementsCharitablePrpsAmt

MAURICE AND LENA RUSSO FAM FOUNDATION: Form 990PF, tax year 2017

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 (2 entries)

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Schedule B IRS990ScheduleB

Accounting Fees Schedule AccountingFeesSchedule

General Explanation Attachment GeneralExplanationAttachment

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

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