AOUNI FAKS FOUNDATION: Form 990PF, tax year 2016

View the entire original 990 at ProPublica ↗

Organization
AOUNI FAKS FOUNDATION (EIN 30-6004475)
Tax period
2016-01-01 to 2016-12-31
Filed
2017-11-15
IRS object ID
201733199349104078
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)
Return2017-11-15T16:36:11-05:00ReturnTs
Tax Period End2016-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN453958606PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1SCHREIBER & CALVO CPAS PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1377 OAK STREET STE 415AddressLine1Txt
CityGARDEN CITYCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11530ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2016-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN306004475EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1AOUNI FAKS FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlAOUNBusinessNameControlTxt
Phone7188591110PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line14302 FARRAGUT ROADAddressLine1Txt
CityBROOKLYNCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11203ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonIBRAHIM FAKSPersonNm
Person TitleVICE PRESIDENTPersonTitleTxt
Phone7188591110PhoneNum
Signature2017-11-15SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMELVIN S SCHREIBER CPAPreparerPersonNm
PTINP00335001PTIN
Phone5164848700PhoneNum
Preparation2017-11-15PreparationDt

Filing Security Information FilingSecurityInformation

FieldValueIRS element (for citing)
At Submission Creation Device IdF78B5A3F6E2AB566C7BFE766F1355CEB795954CEAtSubmissionCreationDeviceId
At Submission Filing Device IdAEFBE9EBE48B20FBAA07FEE644AAE5F6DC5F340FAtSubmissionFilingDeviceId
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$681,091FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$60,000ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$898InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$898InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$13,889DividendsRevAndExpnssAmt
Dividends Net Invst Incm$13,889DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss-$18,251NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$62,768GrossSalesPriceAmt
Total Rev And Expnss$56,536TotalRevAndExpnssAmt
Total Net Invst Incm$14,787TotalNetInvstIncmAmt
Taxes Rev And Expnss$500TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss$128OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$128OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$628TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$128TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$0ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$0ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$628TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$128TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$0TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$55,908ExcessRevenueOverExpensesAmt
Net Investment Income$14,659NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$391,804SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$465,847SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$465,847SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$13,178CorporateStockBOYAmt
Corporate Stock EOY$13,178CorporateStockEOYAmt
Corporate Stock EOYFMV$12,975CorporateStockEOYFMVAmt
Corporate Bonds BOY$225,533CorporateBondsBOYAmt
Corporate Bonds EOY$207,398CorporateBondsEOYAmt
Corporate Bonds EOYFMV$202,269CorporateBondsEOYFMVAmt
Total Assets BOY$630,515TotalAssetsBOYAmt
Total Assets EOY$686,423TotalAssetsEOYAmt
Total Assets EOYFMV$681,091TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind
Unrestricted BOY$630,515UnrestrictedBOYAmt
Unrestricted EOY$686,423UnrestrictedEOYAmt
Tot Net Ast Or Fund Balances BOY$630,515TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$686,423TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$630,515TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$686,423TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$630,515TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$55,908ExcessRevenueOverExpensesAmt
Subtotal$686,423SubtotalAmt
Tot Net Ast Or Fund Balances EOY$686,423TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
PUBLICLY TRADED SECURITIESP$4,277$4,162$115$115
PUBLICLY TRADED SECURITIESP$58,491$76,857-$18,366-$18,366
FieldValueIRS element (for citing)
Capital Gain Net Income-$18,251CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss$115NetShortTermCapitalGainLossAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$49,872AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$592,871NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.084119DistributionYr1Rt
Adjusted Qlfy Distri Yr2$51,884AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$638,911NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.081207DistributionYr2Rt
Adjusted Qlfy Distri Yr3$5,000AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$583,768NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.008565DistributionYr3Rt
Adjusted Qlfy Distri Yr4$15,500AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$527,301NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.029395DistributionYr4Rt
Adjusted Qlfy Distri Yr5$24,500AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$478,183NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.051236DistributionYr5Rt
Total Distribution0.254522TotalDistributionRt
Average Distribution0.050904AverageDistributionRt
Net Vl Noncharitable Assets$610,542NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$31,079AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$147NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$31,226AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$0QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$293InvestmentIncomeExciseTaxAmt
Subtotal$293SubtotalAmt
Tax Based On Investment Income$293TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$626EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$626TotalPaymentsAndCreditsAmt
Overpayment$333OverpaymentAmt
Applied To ES Tax$333AppliedToESTaxAmt

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 BooksDANIEL FAKSIndividualWithBooksNm
Phone7188591110PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line14302 FARRAGUT ROADAddressLine1Txt
CityBROOKLYNCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11203ZIPCd
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
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 (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
DANIEL FAKS
4302 FARRAGUT ROADBROOKLYNNY11203TREASURER000.00$0$0$0
IBRAHIM FAKS
4302 FARRAGUT ROADBROOKLYNNY11203VICE PRESIDE000.00$0$0$0
FREDDY FAKS
4302 FARRAGUT ROADBROOKLYNNY11203SECRETARY000.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$222,849AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$396,991AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$619,840TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$619,840AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$9,298CashDeemedCharitableAmt
Net Vl Noncharitable Assets$610,542NetVlNoncharitableAssetsAmt
Minimum Investment Return$30,527MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$30,527MinimumInvestmentReturnAmt
Tax Based On Investment Income$293TaxBasedOnInvestmentIncomeAmt
Total Tax$293TotalTaxAmt
Distributable Before Adj$30,234DistributableBeforeAdjAmt
Distributable Before Ded$30,234DistributableBeforeDedAmt
Distributable As Adjusted$30,234DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$0ExpensesAndContributionsAmt
Qualifying Distributions$0QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$30,234DistributableAsAdjustedAmt
Excess Distribution Cyov Yr2$3,326ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$20,484ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$23,810TotalExcessDistributionCyovAmt
Excess Distri Cyov App CY Corpus$23,810ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$23,810ExcessDistributionCyovAppCYAmt
Undistributed Income CY$6,424UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

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

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$898ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$13,889ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion-$18,251ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion-$3,464ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty-$3,464TotalIncomeProducingActyAmt

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 Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1WORLD OF CHANTILLY INCBusinessNameLine1Txt

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line14302 FARRAGUT ROADAddressLine1Txt
CityBROOKLYNCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11203ZIPCd
FieldValueIRS element (for citing)
Total Contributions$60,000TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule

Investments Corporate Bonds InvestmentsCorporateBondsGrp (11 entries)

BondBondNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
AXA REG S CALL$31,353$29,419
BANK AMER CORP$24,653$23,969
JPMORGAN CHASE & CO NOTES$10,240$10,355
BANK OF AMERICA CORP$25,426$24,959
PARK HOTELS & RESORTS$45,677$43,146
FREEPORT-MCMORAN INC NOTE$8,643$8,995
INTERNATIONAL LEASE FIN CORP$51,503$51,347
REDWOOD TRUST INC CONVERTIBLE$9,903$10,079
HORNBECK OFFSHORE SVCS INC
FREEPORT-MCMORAN INC
AMERICAN EXPRESS

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockHSBC HLDGS PLCStockNm
EOY Book Value$13,178EOYBookValueAmt
EOYFMV$12,975EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
EXPENSES
INVESTMENT EXPENSES$128$128

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryEXCISE TAX ON INVESTMENT INCOMECategoryTxt
Amt$500Amt

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