LJL FOUNDATION: Form 990PF, tax year 2017

View the entire original 990 at ProPublica ↗

Organization
LJL FOUNDATION (EIN 47-6676743)
Tax period
2017-01-01 to 2017-12-31
Filed
2018-11-02
IRS object ID
201813069349100301
Schema version
2017v2.2
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 ReturnHeader

FieldValueIRS element (for citing)
Return2018-11-02T06:25:49-07:00ReturnTs
Tax Period End2017-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1J H KOENIG & COBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11 HILLCREST CENTER DRIVE - SUITE 32AddressLine1Txt
CitySPRING VALLEYCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10977ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2017-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN476676743EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1LJL FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlLJLFBusinessNameControlTxt
Phone7186922525PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1957 EAST 23RD STREETAddressLine1Txt
CityBROOKLYNCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11210ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonLILLIAN LIEBERMANPersonNm
Person TitleTRUSTEEPersonTitleTxt
Phone7186922525PhoneNum
Signature2018-04-24SignatureDt

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJOSEPH KOENIGPreparerPersonNm
PTINP00090950PTIN
Phone2122218082PhoneNum
Preparation2018-11-02PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address71.183.87.162IPv4AddressTxt
FieldValueIRS element (for citing)
IP2018-11-02IPDt
IP Tm06:25:34IPTm
IP TimezonePDIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device IdC4468A2FBF78791232C4494A4D91282A75A55478AtSubmissionCreationDeviceId
At Submission Filing Device IdC4468A2FBF78791232C4494A4D91282A75A55478AtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2017TaxYr
Build TS2019-02-21 02:37:17ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$1,714,000FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$506,304ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$4,388InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$4,388InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$4,388InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$5,656DividendsRevAndExpnssAmt
Dividends Net Invst Incm$5,656DividendsNetInvstIncmAmt
Dividends Adj Net Incm$5,656DividendsAdjNetIncmAmt
Cap Gain Net Incm Net Invst Incm$11,408CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$516,348TotalRevAndExpnssAmt
Total Net Invst Incm$21,452TotalNetInvstIncmAmt
Total Adj Net Incm$10,044TotalAdjNetIncmAmt
Other Expenses Rev And Expnss$3,000OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$3,000OtherExpensesNetInvstIncmAmt
Other Expenses Adj Net Incm$3,000OtherExpensesAdjNetIncmAmt
Other Expenses Dsbrs Chrtbl$3,000OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$3,000TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$3,000TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm$3,000TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$3,000TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$282,775ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$282,775ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$285,775TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$3,000TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm$3,000TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$285,775TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$230,573ExcessRevenueOverExpensesAmt
Net Investment Income$18,452NetInvestmentIncomeAmt
Adjusted Net Income$7,044AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$1,180,699CashBOYAmt
Cash EOY$968,771CashEOYAmt
Cash EOYFMV$968,771CashEOYFMVAmt
Other Investments BOY$244,893OtherInvestmentsBOYAmt
Other Investments EOY$481,987OtherInvestmentsEOYAmt
Other Investments EOYFMV$745,229OtherInvestmentsEOYFMVAmt
Total Assets BOY$1,425,592TotalAssetsBOYAmt
Total Assets EOY$1,450,758TotalAssetsEOYAmt
Total Assets EOYFMV$1,714,000TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind
Unrestricted BOY$1,425,592UnrestrictedBOYAmt
Unrestricted EOY$1,450,758UnrestrictedEOYAmt
Tot Net Ast Or Fund Balances BOY$1,425,592TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,450,758TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,425,592TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,450,758TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,425,592TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$230,573ExcessRevenueOverExpensesAmt
Subtotal$1,656,165SubtotalAmt
Other Decreases$205,407OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$1,450,758TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
PropertyMERRILL LYNCH TRADINGPropertyDesc
How AcquiredPHowAcquiredCd
Acquired2016-01-01AcquiredDt
Sold2017-12-31SoldDt
Gross Sales Price$69,464GrossSalesPriceAmt
Depreciation$0DepreciationAmt
Cost Or Other Basis$58,056CostOrOtherBasisAmt
Gain Or Loss$11,408GainOrLossAmt
FMV As Of123169$0FMVAsOf123169Amt
Adjusted Basis As Of123169$0AdjustedBasisAsOf123169Amt
Excess FMV Over Adjusted Bss$0ExcessFMVOverAdjustedBssAmt
Gains Minus Excess Or Losses$11,408GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$11,408CapitalGainNetIncomeAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Adjusted Qlfy Distri Yr1$198,962AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$1,164,122NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.170912DistributionYr1Rt
Adjusted Qlfy Distri Yr2$86,707AdjustedQlfyDistriYr2Amt
Distribution Yr20.000000DistributionYr2Rt
Total Distribution0.170912TotalDistributionRt
Average Distribution0.085456AverageDistributionRt
Net Investment Income Pct$185NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$185AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$285,775QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eYes (X)DomesticOrgMeetingSect4940eInd
Investment Income Excise Tax$185InvestmentIncomeExciseTaxAmt
Tax Under Section511$0TaxUnderSection511Amt
Subtotal$185SubtotalAmt
Tax Based On Investment Income$185TaxBasedOnInvestmentIncomeAmt
Original Return Tax Paid$0OriginalReturnTaxPaidAmt
Tax Due$185TaxDueAmt
Applied To ES Tax$0AppliedToESTaxAmt

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
Individual With BooksLJL FOUNDATIONIndividualWithBooksNm
Phone7186922525PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1957 EAST 23RD STREETAddressLine1Txt
CityBROOKLYNCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11210ZIPCd
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
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 (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
LILLIN LIEBERMAN
957 EAST 23RD STREETBROOKLYNNY11210TRUSTEE1.00$0$0$0
MIRIAM LIEBERMAN
957 EAST 23RD STREETBROOKLYNNY11210TRUSTEE1.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Other Employee Paid Over50k0OtherEmployeePaidOver50kCnt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt
Contractor Paid Over50k0ContractorPaidOver50kCnt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1DIRECT CONTRIBUTIONS TO EDUCATIONAL AND CHARITABLEINSTITUTIONS - SEE PART XV FOR DETAILSDescription1Txt
Expenses1$282,775Expenses1Amt
Expenses2$0Expenses2Amt
Expenses3$0Expenses3Amt
Expenses4$0Expenses4Amt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$0AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$0TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$0AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$0CashDeemedCharitableAmt
Net Vl Noncharitable Assets$0NetVlNoncharitableAssetsAmt
Minimum Investment Return$0MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Tax Based On Investment Income$185TaxBasedOnInvestmentIncomeAmt
Total Tax$185TotalTaxAmt
Distributable As Adjusted$0DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$285,775ExpensesAndContributionsAmt
Qualifying Distributions$285,775QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm$185PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri$285,590AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$0DistributableAsAdjustedAmt
Excess Distribution Cyov Yr2$86,707ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$140,756ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$227,463TotalExcessDistributionCyovAmt
Qualifying Distributions$285,775QualifyingDistributionsAmt
Remaining Distri From Corpus$285,775RemainingDistriFromCorpusAmt
Total Corpus$513,238TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$513,238ExcessDistriCyovToNextYrAmt
Excess From Year2$86,707ExcessFromYear2Amt
Excess From Year1$140,756ExcessFromYear1Amt
Excess From Current Year$285,775ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

FieldValueIRS element (for citing)
Recipient PersonSEE ATTACHED SCHEDULERecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1SEE ATTACHED SCHEDULEAddressLine1Txt
CityBROOKLYNCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11210ZIPCd
FieldValueIRS element (for citing)
Recipient RelationshipNONERecipientRelationshipTxt
Recipient Foundation Status501c3RecipientFoundationStatusTxt
Grant Or Contribution PurposeCHARITABLEINSTITUTIONSGrantOrContributionPurposeTxt
Amt$282,775Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$282,775TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Business900099BusinessCd
Unrelated Business Taxbl Incm$4,388UnrelatedBusinessTaxblIncmAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Business900099BusinessCd
Unrelated Business Taxbl Incm$5,656UnrelatedBusinessTaxblIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$10,044UnrelatedBusinessTaxblIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$10,044TotalIncomeProducingActyAmt

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

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
General RuleYes (X)GeneralRuleInd

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Contributor PersonLILLIAN LIEBERMANContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1957 EAST 23RD STREETAddressLine1Txt
CityBROOKLYNCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11210ZIPCd
FieldValueIRS element (for citing)
Total Contributions$506,304TotalContributionsAmt
Noncash ContributionYes (X)NoncashContributionInd

Non Cash Property Contribution NonCashPropertyContributionGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Noncash PropertyCISCO, APPLE, ALPHABET, ALIBABANoncashPropertyDesc
Fair Market Value$506,304FairMarketValueAmt
Received2017-12-08ReceivedDt

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

FieldValueIRS element (for citing)
DescBASIS ADJUSTMENT DUE TO STOCK DONATIONDesc
Amt$205,407Amt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescBANK FEESDesc
Revenue And Expenses Per Books$3,000RevenueAndExpensesPerBooksAmt
Net Investment Income$3,000NetInvestmentIncomeAmt
Adjusted Net Income$3,000AdjustedNetIncomeAmt
Disbursements Charitable Prps$3,000DisbursementsCharitablePrpsAmt

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