DAI VERNON FOUNDATION INC: Form 990PF, tax year 2017

View the entire original 990 at ProPublica ↗

Organization
DAI VERNON FOUNDATION INC (EIN 45-5148864)
Tax period
2017-07-01 to 2018-06-30
Filed
2018-09-26
IRS object ID
201842699349100509
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)
Return2018-09-26T14:43:45-07:00ReturnTs
Tax Period End2018-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN201575604PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1GREGORY FILLAS & BUSCHAUER LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1150 S LOS ROBLES AVE STE 860AddressLine1Txt
CityPASADENACityNm
State AbbreviationCAStateAbbreviationCd
ZIP911014628ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2017-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN455148864EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Dai Vernon Foundation IncBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlDAIVBusinessNameControlTxt
Phone8185061138PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line111333 Moorpark StreetAddressLine1Txt
CityStudio CityCityNm
State AbbreviationCAStateAbbreviationCd
ZIP91602ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJoan LawtonPersonNm
Person TitleCEOPersonTitleTxt
Signature2018-09-26SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonTracy Fillas CPAPreparerPersonNm
PTINP00075814PTIN
Phone6265680915PhoneNum
FieldValueIRS element (for citing)
Tax2017TaxYr
Build TS2018-06-14 16:35:46ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$43,006FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$9,939ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$27InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$27InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$27InterestOnSavingsAdjNetIncmAmt
Other Income Rev And Expnss$12,177OtherIncomeRevAndExpnssAmt
Other Income Adj Net Incm$12,177OtherIncomeAdjNetIncmAmt
Total Rev And Expnss$22,143TotalRevAndExpnssAmt
Total Net Invst Incm$27TotalNetInvstIncmAmt
Total Adj Net Incm$12,204TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$1,145AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$27AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps$1,118AccountingFeesChrtblPrpsAmt
Other Expenses Rev And Expnss$6,354OtherExpensesRevAndExpnssAmt
Other Expenses Adj Net Incm$4,038OtherExpensesAdjNetIncmAmt
Other Expenses Dsbrs Chrtbl$2,316OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$7,499TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$27TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm$4,038TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$3,434TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$4,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$4,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$11,499TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$27TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm$4,038TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$7,434TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$10,644ExcessRevenueOverExpensesAmt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$8,166AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$2,268CashBOYAmt
Cash EOY$456CashEOYAmt
Cash EOYFMV$456CashEOYFMVAmt
Sav And Temp Cash Invst BOY$30,114SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$42,550SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$42,550SavAndTempCashInvstEOYFMVAmt
Total Assets BOY$32,382TotalAssetsBOYAmt
Total Assets EOY$43,006TotalAssetsEOYAmt
Total Assets EOYFMV$43,006TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Capital Stock BOY$32,382CapitalStockBOYAmt
Capital Stock EOY$43,006CapitalStockEOYAmt
Tot Net Ast Or Fund Balances BOY$32,382TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$43,006TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$32,382TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$43,006TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$32,382TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$10,644ExcessRevenueOverExpensesAmt
Subtotal$43,026SubtotalAmt
Other Decreases$20OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$43,006TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$13,058AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$35,747NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.36529DistributionYr1Rt
Adjusted Qlfy Distri Yr2$12,074AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$39,176NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.30820DistributionYr2Rt
Adjusted Qlfy Distri Yr3$11,664AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$35,117NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.33215DistributionYr3Rt
Adjusted Qlfy Distri Yr4$7,726AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$39,533NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.19543DistributionYr4Rt
Adjusted Qlfy Distri Yr5$22,921AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$35,486NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.64592DistributionYr5Rt
Total Distribution1.846984TotalDistributionRt
Average Distribution0.369397AverageDistributionRt
Net Vl Noncharitable Assets$41,251NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$15,238AdjNetVlNoncharitableAssetsAmt
Adj Nonchrtbl Net Invst Incm Pct$15,238AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$7,434QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$0InvestmentIncomeExciseTaxAmt

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
Form990 T FiledfalseForm990TFiledInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedfalseSection508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateCAOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationYes (true)PrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website Addresswww.daivernonfoundation.comWebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1Joan LawtonBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone8185061138PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line14103 Elmer AveAddressLine1Txt
CityStudio CityCityNm
State AbbreviationCAStateAbbreviationCd
ZIP91602ZIPCd
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 PrsnYes (true)PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Acts Fail To Qlfy As ExceptionsfalseActsFailToQlfyAsExceptionsInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Undistr Incm Sect4942a2 Not AppfalseUndistrIncmSect4942a2NotAppInd
Business HoldingsfalseBusinessHoldingsInd
Excess Business HoldingsfalseExcessBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Transactions Fail To Qlfy As ExcfalseTransactionsFailToQlfyAsExcInd
Maintained Expenditure RspnsfalseMaintainedExpenditureRspnsInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Proceeds Or Net IncomefalseProceedsOrNetIncomeInd

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 PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
Joan Lawton
4103 Elmer AveStudio CityCA91602CEO & Sec'y12.50$0
Donal Chayce
4155 Holly Knoll DriveLos AngelesCA90027CFO1.00$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1DAI VERNON FOUNDATION GIVES GRANTS TO MAGICIANS IN DEVASTATING FINANCIAL NEED, USUALLY DUE TO HEALTH. DURING 2017 TAX YEAR THE FOUNDATION GAVE GRANTS TO FIVE RECIPIENTS LISTED IN STATEMENT 7.Description1Txt
Expenses1$4,000Expenses1Amt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$41,879AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$41,879TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$41,879AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$628CashDeemedCharitableAmt
Net Vl Noncharitable Assets$41,251NetVlNoncharitableAssetsAmt
Minimum Investment Return$2,063MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Sect4942j3j5 Fndtn And Frgn OrgYes (X)Sect4942j3j5FndtnAndFrgnOrgInd

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$7,434ExpensesAndContributionsAmt
Qualifying Distributions$7,434QualifyingDistributionsAmt
Adjusted Qualifying Distri$7,434AdjustedQualifyingDistriAmt

Private Operating Foundations PrivateOperatingFoundationsGrp

FieldValueIRS element (for citing)
Section4942j3Yes (X)Section4942j3Ind

Lessor Adj Net Incm Min Invst Ret LessorAdjNetIncmMinInvstRetGrp

FieldValueIRS element (for citing)
Current Year$2,063CurrentYearAmt
Year1$1,787Year1Amt
Total$3,850TotalAmt

Pct85 Lessor Adj Incm Or Min Ret Pct85LessorAdjIncmOrMinRetGrp

FieldValueIRS element (for citing)
Current Year$1,754CurrentYearAmt
Year1$1,519Year1Amt
Total$3,273TotalAmt

Qualifying Distributions QualifyingDistributionsGrp

FieldValueIRS element (for citing)
Current Year$7,434CurrentYearAmt
Year1$13,058Year1Amt
Year2$12,074Year2Amt
Year3$11,664Year3Amt
Total$44,230TotalAmt

Qualifying Distri Made Drt QualifyingDistriMadeDrtGrp

FieldValueIRS element (for citing)
Current Year$7,434CurrentYearAmt
Year1$13,058Year1Amt
Year2$12,074Year2Amt
Year3$11,664Year3Amt
Total$44,230TotalAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
Year1$32,382Year1Amt
Year2$37,572Year2Amt
Year3$40,210Year3Amt
Total$110,164TotalAmt

Total Assets Sect4942j3 Bi TotalAssetsSect4942j3BiGrp

FieldValueIRS element (for citing)
Year1$32,382Year1Amt
Year2$37,572Year2Amt
Year3$40,210Year3Amt
Total$110,164TotalAmt

Two Thirds Minimum Invst Ret TwoThirdsMinimumInvstRetGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Supplementary Information SupplementaryInformationGrp

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonDai Vernon Foundation IncRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line111333 Moorpark Street 22AddressLine1Txt
CityStudio CityCityNm
State AbbreviationCAStateAbbreviationCd
ZIP91602ZIPCd
FieldValueIRS element (for citing)
Recipient Phone8185061138RecipientPhoneNum
Recipient Email Addressmagicjoan@aol.comRecipientEmailAddressTxt
Form And Info And MaterialsApplications should be submitted by email with supporting documents that relate to applicant's condition.FormAndInfoAndMaterialsTxt
Submission DeadlinesNoneSubmissionDeadlinesTxt
Restrictions On AwardsPotential recipient must be involved in the magic world.RestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (4 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
Lenny Stacey Duge
20054 Christopher LaneSanta ClaritaCA91350NONEGive grants to magicians in devastating financial need, usually due to health.$1,000
David Goldberg
1745 No Orange Drive Unit 230Los AngelesCA90028NONEGive grants to magicians in devastating financial need, usually due to health.$1,000
Bill Joslin
7271 Katella Space 40StantonCA90680NONEGive grants to magicians in devastating financial need, usually due to health.$1,000
Steve Strem
18136 Village 18CamarilloCA93012NONEGive grants to magicians in devastating financial need, usually due to health.$1,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$4,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$27ExclusionAmt

Net Income Loss From Special Evt NetIncomeLossFromSpecialEvtGrp

FieldValueIRS element (for citing)
Exclusion3ExclusionCd
Exclusion$8,139ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$8,166ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$8,166TotalIncomeProducingActyAmt

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)
CategoryACCOUNTING FEESCategoryTxt
Amt$1,145Amt
Net Investment Income$27NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$1,118DisbursementsCharitablePrpsAmt

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

FieldValueIRS element (for citing)
DescNONDEDUCTIBLE PORTION OF 50% MEALS & ENTERTAINMENTDesc
Amt$20Amt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (11 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmtAdjusted Net IncomeAdjustedNetIncomeAmt
ADVERTISING$600$600
BANK FEES & CHARGES$96$96
FILING FEES - FTB$10$10
FILING FEES - SOS$20$20
INSURANCE$1,196$1,196
MEALS & ENTERTAINMENT @ 50%$20$20
OFFICE EXPENSES$72$72
POSTAGE$75$75
Special Event Expenses$4,038
SPECIAL EVENT EXPENSES$4,038
SUPPLIES$227$227

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
DescIncome From Special EventsDesc
Revenue And Expenses Per Books$12,177RevenueAndExpensesPerBooksAmt
Adjusted Net Income$12,177AdjustedNetIncomeAmt

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