EASTON FAMILY FUND INC: Form 990PF, tax year 2016

View the entire original 990 at ProPublica ↗

Organization
EASTON FAMILY FUND INC (EIN 13-6103454)
Tax period
2016-07-01 to 2017-06-30
Filed
2017-11-15
IRS object ID
201733199349100328
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)
Return2017-11-15T06:13:26-08:00ReturnTs
Tax Period End2017-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Reitman & Belkin LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1420 Lexington Ave Rm 1406AddressLine1Txt
CityNew YorkCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10170ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2016-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN136103454EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1EASTON FAMILY FUNDBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlEASTBusinessNameControlTxt
Phone2127345044PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line130 EAST 65TH STREETAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10065ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonTHOMAS EASTONPersonNm
Person TitlePresidentPersonTitleTxt
Signature2017-11-15SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonRichard ReitmanPreparerPersonNm
PTINP01367764PTIN
Phone2125990410PhoneNum
FieldValueIRS element (for citing)
Tax2016TaxYr
Build TS2017-02-10 21:41:12ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$1,432,051FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$46,877DividendsRevAndExpnssAmt
Dividends Net Invst Incm$46,877DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss-$2,176NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$67,099GrossSalesPriceAmt
Other Income Rev And Expnss$7,060OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm$7,060OtherIncomeNetInvstIncmAmt
Total Rev And Expnss$51,761TotalRevAndExpnssAmt
Total Net Invst Incm$53,937TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$1,800AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$1,800AccountingFeesNetInvstIncmAmt
Other Prof Fees Rev And Expnss$1,902OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$1,902OtherProfFeesNetInvstIncmAmt
Taxes Rev And Expnss$1,902TaxesRevAndExpnssAmt
Taxes Net Invst Incm$777TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss$5,419OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$5,419OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$11,023TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$9,898TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$140,175ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$140,175ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$151,198TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$9,898TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$140,175TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$99,437ExcessRevenueOverExpensesAmt
Net Investment Income$44,039NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$11,759CashBOYAmt
Cash EOY$31,523CashEOYAmt
Cash EOYFMV$31,522CashEOYFMVAmt
Sav And Temp Cash Invst BOY$123,843SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$56,521SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$56,521SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$699,947CorporateStockBOYAmt
Corporate Stock EOY$708,080CorporateStockEOYAmt
Corporate Stock EOYFMV$987,445CorporateStockEOYFMVAmt
Corporate Bonds BOY$444,577CorporateBondsBOYAmt
Corporate Bonds EOY$384,565CorporateBondsEOYAmt
Corporate Bonds EOYFMV$356,563CorporateBondsEOYFMVAmt
Total Assets BOY$1,280,126TotalAssetsBOYAmt
Total Assets EOY$1,180,689TotalAssetsEOYAmt
Total Assets EOYFMV$1,432,051TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind
Unrestricted BOY$1,280,126UnrestrictedBOYAmt
Unrestricted EOY$1,180,689UnrestrictedEOYAmt
Tot Net Ast Or Fund Balances BOY$1,280,126TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,180,689TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,280,126TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,180,689TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,280,126TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$99,437ExcessRevenueOverExpensesAmt
Subtotal$1,180,689SubtotalAmt
Tot Net Ast Or Fund Balances EOY$1,180,689TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (6 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
152 HENNESSY SMALL CAP FIN'L INVTRP2013-01-152016-08-24$3,500$3,494$6$6
533 SPECIAL OPPORTUNITIES FD INCP2013-01-152016-10-26$8,320$9,168-$848-$848
15000 ENTERGY CORP NEW SR NTP2013-01-152016-12-15$15,000$15,156-$156-$156
10000 ALCOA INC NTP2013-01-152016-12-30$10,043$10,275-$232-$232
10000 NASDAQ INC SR NTP2013-01-152017-05-26$10,236$9,917$319$319
20000 OREGON ST HSG & COMNTYP2013-01-152017-06-29$20,000$21,265-$1,265-$1,265
FieldValueIRS element (for citing)
Capital Gain Net Income-$2,176CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$881InvestmentIncomeExciseTaxAmt
Subtotal$881SubtotalAmt
Tax Based On Investment Income$881TaxBasedOnInvestmentIncomeAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$26EsPenaltyAmt
Tax Due$907TaxDueAmt

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
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
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
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
THOMAS EASTON
181 E 65TH STREETNEW YORKNY10021President/Treas0.00$0
ELIZABETH EASTON
30 E 65TH STREETNEW YORKNY10021Chairman/Secy0.00$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$1,338,680AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$83,243AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$1,421,923TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$1,421,923AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$21,329CashDeemedCharitableAmt
Net Vl Noncharitable Assets$1,400,594NetVlNoncharitableAssetsAmt
Minimum Investment Return$70,030MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$70,030MinimumInvestmentReturnAmt
Tax Based On Investment Income$881TaxBasedOnInvestmentIncomeAmt
Total Tax$881TotalTaxAmt
Distributable Before Adj$69,149DistributableBeforeAdjAmt
Distributable Before Ded$69,149DistributableBeforeDedAmt
Distributable As Adjusted$69,149DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$140,175ExpensesAndContributionsAmt
Qualifying Distributions$140,175QualifyingDistributionsAmt
Adjusted Qualifying Distri$140,175AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$69,149DistributableAsAdjustedAmt
Excess Distribution Cyov Yr4$6,112ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$18,420ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$31,464ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$40,124ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$96,120TotalExcessDistributionCyovAmt
Qualifying Distributions$140,175QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$69,149AppliedToCurrentYearAmt
Remaining Distri From Corpus$71,026RemainingDistriFromCorpusAmt
Total Corpus$167,146TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$167,146ExcessDistriCyovToNextYrAmt
Excess From Year4$6,112ExcessFromYear4Amt
Excess From Year3$18,420ExcessFromYear3Amt
Excess From Year2$31,464ExcessFromYear2Amt
Excess From Year1$40,124ExcessFromYear1Amt
Excess From Current Year$71,026ExcessFromCurrentYearAmt

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 ENCLOSED SCHEDULERecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1VARIOUSAddressLine1Txt
CityVARIOUSCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10021ZIPCd
FieldValueIRS element (for citing)
Recipient RelationshipNONERecipientRelationshipTxt
Recipient Foundation StatusN/ARecipientFoundationStatusTxt
Grant Or Contribution PurposeTO BENEFIT VARIOUS CHARITIES.GrantOrContributionPurposeTxt
Amt$140,175Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$140,175TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$46,877ExclusionAmt

Other Investment Incm Part VII OtherInvestmentIncmPartVIIGrp

FieldValueIRS element (for citing)
Exclusion$7,060ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm-$2,176RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$53,937ExclusionAmt
Related Or Exempt Function Incm-$2,176RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$51,761TotalIncomeProducingActyAmt

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)
CategoryACCOUNTINGCategoryTxt
Amt$1,800Amt
Net Investment Income$1,800NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (4 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
BANK SERVICE CHARGES$104$104
COMPUTER EXPENSES$4,930$4,930
FILING FEES$250$250
OFFICE SUPPLIES$135$135

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
DescOther Investment IncomeDesc
Revenue And Expenses Per Books$7,060RevenueAndExpensesPerBooksAmt
Net Investment Income$7,060NetInvestmentIncomeAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryINVESTMENT FEESCategoryTxt
Amt$1,902Amt
Net Investment Income$1,902NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmt
FEDERAL EXCISE TAX$1,125
FOREIGN TAXES$777$777

Comments

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