BETA

FIRST SCHOOL FINANCIAL AID TRUST HONORING THE MEMORY OF C MARKMAN: Form 990EZ, tax year 2016

View the entire original 990 at ProPublica ↗

Organization
FIRST SCHOOL FINANCIAL AID TRUST HONORING THE MEMORY OF C MARKMAN (EIN 95-7092089)
Tax period
2016-01-01 to 2016-12-31
Filed
2017-11-08
IRS object ID
201713129349201481
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 ReturnHeader

FieldValueIRS element (for citing)
Return2017-11-08T13:31:34-08:00ReturnTs
Tax Period End2016-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Charles J Marcus CPABusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1PO Box 7338AddressLine1Txt
CitySanta MonicaCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90406ZIPCd
FieldValueIRS element (for citing)
Return Type990EZReturnTypeCd
Tax Period Begin2016-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN957092089EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1First School Financial Aid TrustBusinessNameLine1Txt
Business Name Line2co Charles Marcus CPABusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlFIRSBusinessNameControlTxt
Phone3107747116PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO Box 7338AddressLine1Txt
CitySanta MonicaCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90406ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonKristyn RomansPersonNm
Person TitleTreasurerPersonTitleTxt
Signature2017-11-08SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonCHARLES MARCUSPreparerPersonNm
PTINP00235865PTIN
Phone3103955254PhoneNum
Self EmployedYes (X)SelfEmployedInd
FieldValueIRS element (for citing)
Tax2016TaxYr
Build TS2018-03-14 21:41:22ZBuildTS

Form 990-EZ IRS990EZ

FieldValueIRS element (for citing)
Method Of Accounting CashYes (X)MethodOfAccountingCashInd
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Website AddressN/AWebsiteAddressTxt
Organization501c3Yes (X)Organization501c3Ind
Gross Receipts$119,692GrossReceiptsAmt
Info In Schedule O Part IYes (X)InfoInScheduleOPartIInd
Contributions Gifts Grants Etc$10,526ContributionsGiftsGrantsEtcAmt
Investment Income$51InvestmentIncomeAmt
Cost Or Other Basis Expense Sale$0CostOrOtherBasisExpenseSaleAmt
Fundraising Gross Income$109,115FundraisingGrossIncomeAmt
Special Events Direct Expenses$28,063SpecialEventsDirectExpensesAmt
Special Events Net Income Loss$81,052SpecialEventsNetIncomeLossAmt
Cost Of Goods Sold$0CostOfGoodsSoldAmt
Total Revenue$91,629TotalRevenueAmt
Grants And Similar Amounts Paid$54,740GrantsAndSimilarAmountsPaidAmt
Fees And Other Pymt To Ind Cntrct$3,300FeesAndOtherPymtToIndCntrctAmt
Other Expenses Total$1,131OtherExpensesTotalAmt
Total Expenses$59,171TotalExpensesAmt
Excess Or Deficit For Year$32,458ExcessOrDeficitForYearAmt
Net Assets Or Fund Balances BOY$124,466NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$156,924NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIYes (X)InfoInScheduleOPartIIInd

Cash Savings And Investments CashSavingsAndInvestmentsGrp

FieldValueIRS element (for citing)
BOY$121,466BOYAmt
EOY$148,924EOYAmt

Other Assets Total Detail OtherAssetsTotalDetail

FieldValueIRS element (for citing)
BOY$3,000BOYAmt
EOY$8,000EOYAmt

Form990 Total Assets Form990TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$124,466BOYAmt
EOY$156,924EOYAmt

Net Assets Or Fund Balances NetAssetsOrFundBalancesGrp

FieldValueIRS element (for citing)
BOY$124,466BOYAmt
EOY$156,924EOYAmt
FieldValueIRS element (for citing)
Primary Exempt PurposeTo provide scholarships to children to attend preschool.PrimaryExemptPurposeTxt

Program Srvc Accomplishment ProgramSrvcAccomplishmentGrp

FieldValueIRS element (for citing)
Description Program Srvc AccomThe First School Financial Aid Trust achieved its goal in providing a vast number of scholarships for children to attend an early childhood school in Santa Monica,CA. Without the financial assistance of the Fund, the donee families would be financially unable to provide for their children's attendance at the First School. Seventeen grants were made to qualifying parents during calendar year 2015.DescriptionProgramSrvcAccomTxt
Grants And Allocations$28,063GrantsAndAllocationsAmt
Program Service Expenses$54,740ProgramServiceExpensesAmt
FieldValueIRS element (for citing)
Total Program Service Expenses$28,063TotalProgramServiceExpensesAmt

Officer Director Trustee Empl OfficerDirectorTrusteeEmplGrp (7 entries)

TitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
Kim Israel
Trustee2.00$0
Kristyn Romans
Trustee2.00$0
Debra Sunshine
Trustee2.00$0
Clarissa Hoffman
Trustee2.00$0
Catherine Myman-Kaplan
Trustee2.00$0
Sarah Bromell
Trustee2.00$0
Katie Rivera
Treasurer2.00$0
FieldValueIRS element (for citing)
Info In Schedule O Part VYes (X)InfoInScheduleOPartVInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Chg Made To Orgnzng Doc Not RptfalseChgMadeToOrgnzngDocNotRptInd
Organization Had UBIfalseOrganizationHadUBIInd
Organization Filed990 TfalseOrganizationFiled990TInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Form1120 Pol FiledfalseForm1120PolFiledInd
Made Loans To From OfficersfalseMadeLoansToFromOfficersInd
Initiation Fees And Cap Contri$0InitiationFeesAndCapContriAmt
Gross Receipts For Public Use$0GrossReceiptsForPublicUseAmt
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonKatie RiveraPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1330 S BarringtonAddressLine1Txt
CityLos AngelesCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90049ZIPCd
FieldValueIRS element (for citing)
Phone2134481340PhoneNum
FieldValueIRS element (for citing)
Foreign Financial AccountfalseForeignFinancialAccountInd
Foreign OfficefalseForeignOfficeInd
Donor Advised FndsfalseDonorAdvisedFndsInd
Operate HospitalfalseOperateHospitalInd
Tanning Services ProvidedfalseTanningServicesProvidedInd
Form720 FiledfalseForm720FiledInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Transaction With Control EntfalseTransactionWithControlEntInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
School OperatingfalseSchoolOperatingInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Related Org Sect527 OrgfalseRelatedOrgSect527OrgInd
Part VI Of Comp Of Hghst Pd EmplNONEPartVIOfCompOfHghstPdEmplTxt
Part VI Hghst Pd Cntrct Prof SrvcNONEPartVIHghstPdCntrctProfSrvcTxt
Filed Schedule AYes (true)FiledScheduleAInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Publicly Supported Org509a2Yes (X)PubliclySupportedOrg509a2Ind

Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$18,500CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$30,048CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$36,370CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$40,194CurrentTaxYearMinus1YearAmt
Current Tax Year$10,526CurrentTaxYearAmt
Total$135,638TotalAmt

Gross Receipts Admissions GrossReceiptsAdmissionsGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$90,693CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$81,358CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$79,305CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$78,982CurrentTaxYearMinus1YearAmt
Current Tax Year$109,115CurrentTaxYearAmt
Total$439,453TotalAmt

Gross Receipts Non Unrlt Bus GrossReceiptsNonUnrltBusGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Tax Rev Levied Orgnztnl Bnft509 TaxRevLeviedOrgnztnlBnft509Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Govt Furn Srvc Fclts Vl509 GovtFurnSrvcFcltsVl509Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Total509 Total509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$109,193CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$111,406CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$115,675CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$119,176CurrentTaxYearMinus1YearAmt
Current Tax Year$119,641CurrentTaxYearAmt
Total$575,091TotalAmt

Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Substantial Contributors Amt SubstantialContributorsAmtGrp

FieldValueIRS element (for citing)
Total$0TotalAmt
FieldValueIRS element (for citing)
Public Support Total509$575,091PublicSupportTotal509Amt

Gross Investment Income509 GrossInvestmentIncome509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$226CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$134CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$147CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$58CurrentTaxYearMinus1YearAmt
Total$565TotalAmt

Post1975 UBTI Post1975UBTIGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Investment Income And UBTI InvestmentIncomeAndUBTIGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$226CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$134CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$147CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$58CurrentTaxYearMinus1YearAmt
Total$565TotalAmt

Net Income From Other UBI NetIncomeFromOtherUBIGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Other Income509 OtherIncome509Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Total Support Calendar Year TotalSupportCalendarYearGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$109,419CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$111,540CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$115,822CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$119,234CurrentTaxYearMinus1YearAmt
Current Tax Year$119,641CurrentTaxYearAmt
Total$575,656TotalAmt
FieldValueIRS element (for citing)
Public Support CY5090.99900PublicSupportCY509Pct
Public Support PY5090.99900PublicSupportPY509Pct
Investment Income CY0.00100InvestmentIncomeCYPct
Investment Income PY0.00100InvestmentIncomePYPct
Thirty Thr Pct Suprt Tests CY509Yes (X)ThirtyThrPctSuprtTestsCY509Ind

Schedule G IRS990ScheduleG

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1Annual Fundraiser DinnerEvent1Nm
Gross Receipts Event1$99,052GrossReceiptsEvent1Amt
Gross Revenue Event1$99,052GrossRevenueEvent1Amt
Rent Facility Costs Event1$28,063RentFacilityCostsEvent1Amt
Event2Misc. FundraisingEvent2Nm
Gross Receipts Event2$10,063GrossReceiptsEvent2Amt
Gross Revenue Event2$10,063GrossRevenueEvent2Amt
Gross Receipts Total$109,115GrossReceiptsTotalAmt
Gross Revenue Total Events$109,115GrossRevenueTotalEventsAmt
Rent Fclty Costs Total Events$28,063RentFcltyCostsTotalEventsAmt
Direct Expense Summary Events$28,063DirectExpenseSummaryEventsAmt
Net Income Summary$81,052NetIncomeSummaryAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (10 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Client Note 1Client Note 1 - Statement of special events:A) Annual Fundraiser Dinner: The organization's main event consisting of dinner, music, entertainment, and an auction of goods and services. This event is the main source of the organization's scholarship funds.Financial Summary:Gross Receipts $ 99,052Direct Expenses 28,063Net Income $ 70,989
Grants and Similar Amounts Paid In Excess of $5,000.2| Donee's Name: Katia & Oscar Gutierrez | Donee's Address: 2215 10th St Santa Monica CA 90405 | Cash Amount Given: $8100
Grants and Similar Amounts Paid In Excess of $5,000.4| Donee's Name: Erika & Sean Combs | Donee's Address: 3723 Grand View Los Angeles CA 90066 | Cash Amount Given: $6300
Grants and Similar Amounts Paid In Excess of $5,000.9| Donee's Name: Maria Murga & J. Rosales | Donee's Address: 2836 S. Rimpau Los Angeles CA 90016 | Cash Amount Given: $5600
Grants and Similar Amounts Paid In Excess of $5,000.12| Donee's Name: Patricia Santiago & R. Hernandez | Donee's Address: 1706 S. Bundy Los Angeles CA 90066 | Cash Amount Given: $6300
Grants and Similar Amounts Paid In Excess of $5,000.13| Donee's Name: Antonia & Israel Martinez | Donee's Address: 2627 S. Mansfield Los Angeles CA 90016 | Cash Amount Given: $9790
Other Expenses.1012Insurance $1100
Other Expenses.1Governmental Fees $25
Other Expenses.2Bank Fees $6
Other Assets.1Deposits - Beginning $3000 Deposits - Ending $8000

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.